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Many believe that the best way to secure their money is by investing in shares and stocks, but this is only true if they invest in the right ones. Therefore, it is crucial to be aware of the possible ups and downs the stocks may face throughout the years.
Although it is impossible to give a 100% accurate estimate of the asset’s future value, we can use several statistical methods and techniques to provide a reliable forecast for the following years. If you want to know more about Lucid Stock’s forecast, please keep reading.
LUCID GROUP, INC Overview
When Lucid was first established in 2007 as Atieva, its primary goal was to produce electric car batteries and powertrains for other automakers. In October 2016, the business changed its name to Lucid Motors and announced that it would create an all-electric, high-performance premium car.
By the middle of the 2020s, it was expected to employ up to 2,000 people and produce up to 130,000 cars annually while initially producing 20,000. The facility was initially planned to have a maximum annual production capacity of 380,000 automobiles. Lucid intended to start construction in 2017 and build cars in early 2019 as of November 2016. On September 28, 2021, the first automobiles rolled off the assembly line.
Most analysts who have revealed their Lucid price estimated forecasts believe investors should purchase the company’s stock. Some anticipate a significant upward movement, while others expect a gradual ascent. However, other analysts have a sell rating on LCID and believe the firm will decline. The following forecasts will dive deeper into our opinion on the matter.
LUCID GROUP, INC Stock forecast 2022
If LCID’s growth rate is 57%, its stock price might reach $41.20 in 2022. That is the estimated average increase based on the most recent six analyst projections. Nevertheless, it is still below the $57 record high set by the corporation. However, not all analysts are as optimistic about the company; BITG Research projects that its price will drop by 50% and hit $14.
LUCID GROUP, INC Stock forecast 2023
The shares of Lucid Motors will reach $66 in 2023 if the company grows the same 57% in 2022. That is slightly more than Itay Michaeli of CitiGroup’s $57 forecast. These Lucid Group stock forecasts might be completely wrong because 2023 is expected to be a pivotal year for the business. After all, that’s when their Galaxy SUV is supposed to be released.
LUCID GROUP, INC Stock forecast 2024
If all goes according to plan, LCID might trade between $70 and $80 in 2024. These forecasts may come true if the corporation is successful in its aspirations to grow into the European and Middle Eastern markets.
LUCID GROUP, INC Stock forecast 2025
It is anticipated that 2025 will carry over from 2024 and that Lucid Motors’ shares will perhaps reach the $100 level. However, several conditions would need to be met for it to occur. Its entry into the Middle East may go considerably more smoothly thanks to the support of the Public Investment Fund of Saudi Arabia.
Long-term Forecast 2030
While most stockholders assess their investments over the long term, most experts only make predictions within a few years. Some have, though, and we’ve given a quick rundown of the remaining ten years. It’s critical to keep in mind that forecasts for the future are more speculative.
If all goes according to plan, Lucid may be worth more than $200 by the decade’s end. However, the EV industry is growing to be competitive, and many things might influence the company moving forward.
LUCID GROUP, INC Price Analysis
About 60% of the stock’s highs are currently being traded. On November 17, the stock jumped over a purchase mark of 28.49 on a cup-and-handle basis by more than 100%, but significant gains were lost. The shares have fallen significantly below both their long-term 200-day line and their 50-day line.
According to the IBD Stock Checkup, Lucid Motors stock exhibits a dismal 38 IBD Composite Rating. Investors may quickly assess a stock’s fundamental and technical aspects using the Composite Rating. IBD Composite Ratings below average are typical for new issues.
The price of LCID shares fell by around 4% by the time of this writing, trading at about 22.06.
In summary, Lucid Motors, a prospective long-term EV stock, began making its first electric car deliveries in late October 2021. Shares of Lucid Motors are now not a purchase since they are more than 60% below their 52-week high and not at a reasonable buy point, but according to most experts, they are a hold. Remember that the firm has no earnings, making it more speculative. Before purchasing shares, watch for a new base to give a new buy point.
LUCID GROUP, INC Prediction Conclusion
By November 2022, the stock received a consensus rating of “Hold” from six Wall Street analysts, albeit there were differences of opinion. One said to “hold,” two said to “sell,” and three said to “buy.”
The stock might rise by 64.89% if the consensus average price objective of $17 were achieved, which would be the case. Furthermore, the greatest projection for the value of Lucid stock was $28, while the lowest was $10.
In response to Lucid Motors’ third-quarter data, analysts at RF Lafferty and Morgan Stanley reduced their price expectations for the company’s shares on November 10. While RF Lafferty’s price dropped from $19 to $17, Morgan Stanley’s dropped from $12 to $10.
Remember that expert forecasts might be inaccurate and shouldn’t be used as a replacement for your own study. Before trading, always do your own research by reading the most recent news, diverse comments, and technical and fundamental analysis.
Keep in mind that past results do not guarantee future success. Likewise, never trade with funds that you cannot afford to lose.
What affects the price of LCID?
The demand for and sales of electric cars influence the LCID price, but other factors also have a role. We’ve outlined the most significant ones to watch out for below:
- Sales of electric vehicles. The need for electric cars, Lucid’s core business line, is essential to its success. There are thousands of pre-orders, and it has already demonstrated in its brief existence that it can manufacture a more significant volume of automobiles. A major determinant of how its stock price may change is ongoing demand.
- Competition. The EV market is a busy, expanding area. A handful of LCID’s competitors are Tesla, Rivian, and NIo. Since established automakers, such as Ford and Mercedes, are also working on electric cars, Lucid will need to outcompete them if it wants to succeed.
- Arabia Saudi. The Public Investment Fund of Saudi Arabia owns more than 60% of Lucid Motors and is the company’s largest shareholder. Moreover, the Middle East is a market that Lucid wants to enter, and it plans to establish manufacturing there. However, LCID would be impacted if the PIF of Saudi Arabia decided to begin selling shares.
How can I invest in Lucid?
Find a Broker
The first step in investing in Lucid Motors is to create an account with a broker. Given the abundance of brokers and investment applications, seeking one with low account minimums and inexpensive fees is worthwhile.
You typically have a variety of account options to pick from, depending on your brokerage platform. Consider forming an individual retirement account (IRA) to profit from its significant tax advantages if you’re concerned about long-term retirement savings. You could create a taxable brokerage account to achieve your short-term objectives.
Research Lucid Motors’ Financials
A single firm investment might be dangerous, so do your research to be sure you choose wisely.
Since Lucid Motors is a publicly listed business, the U.S. Securities and Exchange Commission requires that it submit its financial reports to it (SEC). On Lucid Motors’ investor relations website, prospective investors may examine these papers, investor presentations, and news announcements.
Notably, the company’s annual report notes that Lucid Motors has had net losses every year since its founding and anticipates continuing to experience rising costs and losses shortly. The company’s total cumulative deficit as of December 21, 2021, was almost $6.1 billion.
That’s common for a new, expanding business. Still, investing in Lucid Motors would be riskier than doing so in an established company with a record of producing impressive profits.
Please spend some time considering the company’s dangers and its strategies for competing in a crowded market. The entry-level car from Lucid Motors costs $77,400, which is significantly higher than the price of a typical sedan. Its investor presentations emphasize that its target market comprises “post-luxury” consumers or wealthy people who are more concerned with quality and sustainability than status symbols.
Like Tesla, Lucid Motors sells directly to customers online and through its retail sales network, rejecting the conventional vehicle dealership model. The Lucid Air’s approximately 500-mile range on a single charge and its selection as the 2022 MotorTrend Car of the Year are two more differentiators in the company’s favor.
Choose an Investment Strategy
Consider how much money you have for purchasing stocks when you’re ready to invest. Your emergency fund’s condition, other investments, and the price of the stock you’ve chosen are just a few variables that will determine how much money you will put into the market.
Lucid Motors was trading at roughly $21 as of April 20, 2022. That is a relatively reasonable price. Lump sum investing and dollar cost averaging are two different investment strategies. When you make a lump sum investment, you take one fixed amount of money and use it all at once. Dollar-cost averaging, on the other hand, works with lesser sums. You make the same investment but on a set timetable, such as $50 each week.
A lump sum investment makes sense if you want to lock in a stock’s current price and anticipate it performing extremely well. On the other hand, dollar cost averaging is preferable for longer-term investments since it lowers your risk.
Place an Order
You can purchase your first shares of Lucid Motors once your account has been set up and you have chosen your investment amount. Enter the ticker symbol for Lucid Motors, LCID, in your broker’s trading interface to place an order. Choose the type of order you wish to place, then enter the number of shares or dollar amount you want to invest.
There are other orders, but market and limit orders are the most prevalent. During trading hours, a market order is filled at the current price. Remember that the order will only be processed once the stock price reaches your selected price.
The Nasdaq stock market is where Lucid Motors stock is traded. Nasdaq is open for business from 9:30 am to 4:00 pm ET, Monday through Friday. Pre-market and after-hours trading is also available on the Nasdaq. This takes place from 4:00 am to 9:30 am ET, while after-hours trading takes place from 4:00 pm to 8:00 pm ET.
Have the Plan to Sell
There will probably come a moment when you need to sell your shares in Lucid Motors, regardless of your investment objectives.
Enter the broker’s trading interface and type the ticker symbol, the desired selling price, or the dollar amount to sell your shares. Similar to purchase orders, you can sell your shares immediately at the current price or wait until the stock hits a specific price.
If you have achieved a profit and are considering selling your shares in Lucid Motors—or any other stock—you can be liable for capital gains taxes. Consult a tax expert before making any choices regarding your portfolio to ensure you have a strategy to reduce your taxes and prevent a surprise.
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