Core Insights - Lucid Group Inc. is recognized for its innovative approach in the electric vehicle market, particularly with the Lucid Gravity SUV, which won the MotorTrend Best Tech Award for Best Public Charging Experience [1][5] Market Performance - Analyst Ben Kallo from Robert W. Baird has set a new price target of $14 for Lucid, suggesting a potential upside of approximately 19.81% from its current trading price of $11.69 [2][5] - The current stock price of Lucid is $11.72, reflecting a slight increase of 0.21% or $0.03, with trading occurring between $11.58 and $12.17 [2] Company Valuation - Lucid's market capitalization is approximately $3.53 billion, with a trading volume of 3,459,777 shares [3] - Over the past year, the stock has seen significant fluctuations, reaching a high of $36.20 and a low of $10.46 [3] Technological Advancements - The award for the Lucid Gravity SUV is attributed to its advanced battery technology and native NACS charge port, reinforcing Lucid's leadership in automotive innovation [4][5] - Emad Dlala, Senior Vice President of Engineering and Digital at Lucid, expressed pride in the achievement, which builds on the high-voltage platform established by the Lucid Air [4]
Lucid Group Inc. (NASDAQ:LCID) Gains Recognition for Innovative Electric Vehicle Technology