Lucid Group (NASDAQ:LCID) has been a penny stock for months, but LCID stock initially appeared to have found a floor within the upper range of “penny stock territory” (between $4 and $5 per share). Shares in this EV manufacturer have plummeted in the past month. The stock has fallen 44.5% in a month, from $4.75 to $2.65 per share.Contrarians may see this as a great chance to buy the EV contender at a low cost. However, that shares have sunken so far, so fast should give even those with a high level of risk- ...

Hardships from 2023 for the EV industry are carrying onto this year as well, with the leaders in the industry, such as Tesla (NASDAQ: TSLA), Nio (NYSE: NIO), and Lucid (NASDAQ: LCID), struggling to put out a strong stock performance.Examining the performance of EV stocks since the beginning of this year reveals worrying trends. Tesla TSLA shares have experienced a decrease of -24.28%, while Rivian (NASDAQ: RIVN) has seen a substantial decline of -28.95%. NIO shares have decreased by -29.63%, and Lucid and F ...

Lucid Group (NASDAQ:LCID) is among the top EV stocks many investors are focused on. The company’s focus on making high-quality EVs is certainly appealing, and is one of the reasons I initially dove into this stock. That said, looking under the hood, there are certain red flags investors should be aware of. For starters, Lucid’s stock price has been moving in the wrong direction. Year-to-date, LCID stock has declined over 30%. This move has been driven by underperformance on certain key metrics, such as prod ...

After enduring consecutive days of losses, the stock price of Lucid Motors (NASDAQ: LCID), the electric vehicle (EV) startup, is now showing signs of recovery, capturing increased investor interest.Over the past five days, the stock has experienced a noteworthy rally of almost 9%, rebounding from an all-time low of approximately $2.5. Notably, the EV stock has surged by over 15% since hitting the record low, reaching $3.11 by press date. The market’s focus has shifted to LCID’s ability to sustain its price ...

Tuesday was a good day to be a shareholder in any one of a number of electric vehicle (EV) stocks. Many rose higher on the day thanks to news of a potential monster rival's apparent delay in entering the market. High-end American EV maker Lucid Group (LCID 7.07%) enjoyed a more than 7% pop in share price, while Chinese peers Li Auto (LI 3.28%) and Xpeng (XPEV 4.07%) rose by a respective 3% and 4%.The Apple Car rollout is apparently delayedThat eventual rival is none other than tech titan Apple (AAPL 0.67%), ...

Shares of Lucid (NASDAQ:LCID) stock are in full focus following a Reuters article that warns of a rocky road ahead for the company in Saudi Arabia. The publication also warns that the Kingdom’s lack of infrastructure, human capital and raw materials will play a challenging role in the production of vehicles.Saudi Arabia and its sovereign wealth fund, the Public Investment Fund (PIF), have invested at least $10 billion into LCID stock. PIF alone has invested at least $5.4 billion as of August 2023, equating ...

Bargain hunters, beware! The outlook isn’t great for electric vehicle manufacturer Lucid Group (NASDAQ:LCID) stock as the company’s 2023 production and delivery numbers weren’t stellar. Consequently, it’s too risky to go on a bottom-fishing expedition with beaten-down LCID stock.Besides, the EV industry is generally having a demand problem. Giant automakers like Tesla (NASDAQ:TSLA) should be able to withstand a soft period of demand for EVs. However, Lucid Group definitely isn’t the biggest EV maker or the ...

Lucid (LCID 2.03%) stock is climbing in Monday's daily session. The company's share price was up 3% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 index was up 0.3% and the Nasdaq Composite index was up 0.5%.Lucid stock rocketed out of the gate to start today's trading and had been up as much as 9.2% earlier in the session. The big move appears to have primarily been driven by bullish momentum for the broader market, but a recent recall announced by Tesla ...

Lucid (LCID 1.79%) stock is posting gains Monday. The electric vehicle (EV) company's share price was up 2.6% as of 11 a.m. ET, according to data from S&P Global Market Intelligence. Earlier in the trading session, it had been up as much as 9.2%.Lucid is gaining ground in conjunction with momentum for the broader market today. As of last Friday, stocks are officially in a new bull market, and enthusiasm appears to be carrying over to this week's trading. In addition to that momentum, Lucid stock may be gain ...

Lucid Group (LCID 2.26%) has had a stunningly poor start in 2024 -- with its shares down by a whopping 32% in just two weeks as it faces ongoing operational challenges that show no sign of letting up. Can Lucid recover from its mess, or is it on track for bankruptcy? Let's explore what the future could hold for this embattled penny stock. What is going wrong for Lucid in 2024?Lucid was hit by a series of back-to-back negative news releases this month. On Jan. 11, management released its fourth-quarter deliv ...