Lucid, headquartered in Silicon Valley, has garnered attention for its award-winning Lucid Air and the new Lucid Gravity, both of which boast top-tier performance, design, and energy efficiency. Trading at $3.29 per share and showing strong momentum with an 8.94% return year-to-date, the stock currently appears fairly valued according to InvestingPro’s Fair Value analysis. The vehicles are assembled in Lucid’s advanced factory in Arizona.
Over the course of 2024, Lucid produced a total of 9,029 vehicles and delivered 10,241 vehicles. Around 5% of these annual deliveries were also subject to operating lease accounting. With revenue growth of 27% forecast for FY2024, the company faces ongoing profitability challenges, as reflected in its negative gross profit margin of -132.4%. The company is scheduled to host an earnings call to discuss its financial results for the fourth quarter on Tuesday, February 25, 2025. In advance of the call, Lucid will publish an earnings press release and provide a link to the live webcast on its investor relations website.
In an effort to engage more closely with its shareholders, Lucid has partnered with Say Technologies to facilitate the submission and upvoting of questions by both retail and institutional investors. Selected questions will be addressed by the management during the earnings call. Shareholders can submit their questions starting February 11, 2025, and the platform will remain open until February 23, 2025.
Lucid’s financial performance, including net income and cash flow results, will be fully detailed in the forthcoming earnings announcement. The company emphasizes that vehicle production and delivery numbers are only one aspect of its operating performance and should not be viewed as the sole indicators of its financial results. For a comprehensive analysis of Lucid’s financial health, InvestingPro subscribers can access detailed metrics, 12+ key ProTips, and an exclusive Pro Research Report that provides deep insights into the company’s valuation and growth prospects.
Lucid, headquartered in Silicon Valley, has garnered attention for its award-winning Lucid Air and the new Lucid Gravity, both of which boast top-tier performance, design, and energy efficiency. Trading at $3.29 per share and showing strong momentum with an 8.94% return year-to-date, the stock currently appears fairly valued according to InvestingPro’s Fair Value analysis. The vehicles are assembled in Lucid’s advanced factory in Arizona.
The information provided in this article is based on a press release statement from Lucid Group (NASDAQ:LCID), Inc.
In other recent news, Lucid Group has been the subject of several analyst revisions. RBC Capital has lowered its price target for Lucid Group due to concerns over the current value of licensing per share. Despite this, the firm acknowledged Lucid’s commendable cost management practices. In contrast, R.F. Lafferty upgraded Lucid Group’s rating to Buy from Hold, citing cost improvements and volume growth. However, Stifel maintained a Hold rating but reduced the price target following Lucid’s third-quarter financial performance.
Recent developments have shown a significant rise in vehicle deliveries and revenue for Lucid Group. The company reported a 91% year-over-year increase in vehicle deliveries, totaling 2,781 units in the third quarter, and a 45.2% rise in revenue, reaching approximately $200 million. However, Lucid Group also reported an adjusted EBITDA loss of $613.1 million, primarily due to non-cash losses associated with derivative liabilities.
Lucid Group has begun accepting orders for its new Gravity model and expects to start its production soon, with manufacturing of its midsize vehicle platform slated to begin in 2026. The company has also raised approximately $4 billion in capital this year, ensuring funding through the start of production for both the Gravity and its midsize platform. These are among the recent developments that highlight Lucid Group’s ongoing efforts to strengthen its market position and operational growth.
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