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AI predicts Lucid price for August 29 reverse stock split
Finboldยท 2025-08-22 09:10
Group 1 - Lucid confirmed a 1-for-10 reverse stock split effective August 29, 2025, to improve its share price and maintain Nasdaq compliance [1] - The reverse split will reduce outstanding shares from approximately 3.07 billion to 307.3 million and authorized shares from 15 billion to 1.5 billion [1] - Trading on a split-adjusted basis will commence on September 2, 2025, under the existing ticker symbol [1] Group 2 - AI price prediction models project Lucid's average share price to be $2.05 by August 29, which translates to an adjusted price of around $20.50 post-split [3][4] - The current stock price is $2.06, indicating a slight decrease of 0.24% in the predicted price [4] - All three AI models show a rare alignment in their predictions, reflecting a lack of bullish catalysts for the stock [8] Group 3 - Lucid's market cap has decreased by over 30% in the past six months, now standing at $6.44 billion [8] - The company faces high execution risk due to weak deliveries, significant cash burn, and intense competition in the EV market [9] - While the reverse stock split may provide temporary relief above the $20 level, analysts warn that the stock could decline again without new catalysts [10]