Earlier in December, Lucid Motors (NASDAQ: LCID) stock experienced something of a renaissance as it rallied from $2.09 to $2.76 on December 17. The upswing was driven by a wider resurgence for electric vehicle (EV) companies but also by several LCID-specific tailwinds.Specifically, after BlackRock (NYSE: BLK) shocked investors by dumping more than 2 million Lucid shares, the company’s main investor and backer, the Saudi Public Investment Fund (PIF), provided a $1 billion injection.The news that the producti ...

Lucid Group TodayLCIDLucid Group$2.76 +0.03 (+1.10%) 52-Week Range$1.93▼$4.84Price Target$3.16Add to WatchlistLucid Group’s NASDAQ: LCID stock price is recovering from a new low set in November, suggesting a bottom is in play. However, the company’s risks remain, and the downtrend is intact, so investors should be wary. The move back above $2.70 in mid-December is promising but has yet to cross the critical resistance point near $2.90. That level aligns with the bottom edge of the gap formed in October and ...

Study demonstrates outstanding clinical utility including an exceptionally high 85% patient compliance with referral to confirmatory upper endoscopy following EsoGuard esophageal precancer testing NEW YORK, Dec. 11, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced that the manuscript for its CLinical Utility of EsoGuard (CLUE) study has been ac ...

The electric vehicle (EV) boom of 2020 and 2021 saw valuations skyrocket as investors rushed to bet on the future of transportation. Companies like Rivian (RIVN) and Lucid Group (LCID) were seen as prominent contenders in the race towards e-mobility. Fast forward to 2024, and the narrative has shifted dramatically. EV demand has failed to meet lofty expectations, with adoption being much slower than expected amid inadequate charging infrastructure and high price points. Adding to the uncertainty, Trump’s vi ...

The wider automotive sector is facing headwinds amid uncertain macroeconomic conditions. In addition, the fact that tariffs seem to be back in vague is adding quite a bit of uncertainty to an already precarious condition.Unexpectedly, this isn’t just a matter that’s affecting traditional carmakers who focus on internal combustion engine vehicles — battery-electric carmakers aren’t faring much better, with the exception of Tesla (NASDAQ: TSLA).Once hailed as a ‘Tesla-killer’, luxury EV producer Lucid (NASDAQ ...

New convertible debt financing with existing long-term equity shareholders yields ~$18M in net cash proceeds after paying off existing convertible debtNEW YORK, Dec. 3, 2024 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced the successful completion of a convertible debt refinancing transaction that strengthens its balance sheet and extends its cash ...

The share price of luxury electric vehicle manufacturer Lucid (NASDAQ: LCID) is aiming to build on recent gains and solidify its price above the $2 support, as the technical setup suggests what to expect.At the close of the last trading session, LCID was valued at $2.17, ending the day up 1.64%. This builds on the bullish momentum witnessed on the weekly chart, where the EV’s stock has gained 4.3%. Overall, this short-term momentum has done little to change Lucid’s fortunes in 2024, where the equity is down ...

Over the past five days, Lucid Group (NASDAQ: LCID) stock has gained 4.89% but remains down 13.89% over the past month. Lucid briefly fell below the psychological $2 level, sparking concerns among investors, but it has since clawed its way back into safer territory. Lucid 5-day stock chart. Source: FinboldDespite this modest recovery, Lucid continues to trade near the lower end of its 52-week range, signaling broader challenges for the electric vehicle (EV) manufacturer. Analysts set Lucid Motors price targ ...

Lucid may drive a different path with EVs than its rivals -- can it work?Sometimes, when you zig and everyone else zags, you come out ahead in a big way. That's similar to what Lucid Group (LCID 3.33%) seems to be doing with its product pipeline strategy. At a time when most automakers are engaged in a race to the bottom -- offering affordable electric vehicle (EV) around $20,000 to $25,000 -- Lucid doesn't want much to do with that market.In fact, two historically important types of vehicles won't be found ...

Just like that, with the 2024 Presidential election in the books, electric vehicle (EV) investors are left to wonder if the U.S. is about to hit a major industry speed bump. President-elect Donald Trump has occasionally spoken out against EVs, and the transition team is rumored to be heavily considering ending the $7,500 federal tax credit, which could soften EV demand.But if Lucid Group (LCID 1.94%) CEO Peter Rawlinson is to be believed, Lucid's investors might not have much to worry about. Here's why.Tran ...