Three Reasons to Avoid LCID and One Stock to Buy Instead [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
The stock has climbed by 6.6% to $2.74 per share while the index has gained 10.3%. Is now the time to buy Lucid, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it's free We don't have much confidence in Lucid. Here are three reasons why we avoid LCID and a stock we'd rather own. Why Is Lucid Not Exciting? Founded by a former Tesla Vice President, Lucid Group (NASDAQ:LCID) designs, manufactures, and sells luxury electric vehicles with long-range capabilities. 1. Low Gross Margin Reveals Weak Structural Profitability All else equal, we prefer higher gross margins because they make it easier to generate more operating profits and indicate that a company commands pricing power by offering more differentiated products. Lucid has bad unit economics for an industrials business, signaling it operates in a competitive market. This is also because it's an automobile manufacturer. Automobile manufactur
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LCID
News
- Should You Buy Lucid Stock While It's Trading Below $3? [Yahoo! Finance]Yahoo! Finance
- Lucid Group to Participate in the Nasdaq 51st Investor Conference [Yahoo! Finance]Yahoo! Finance
- Lucid Group to Participate in the Nasdaq 51st Investor ConferencePR Newswire
- Where Will Lucid Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- Unpacking Q3 Earnings: Lucid (NASDAQ:LCID) In The Context Of Other Automobile Manufacturing Stocks [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- LCID's page on the SEC website