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LUCID GROUP, INC.

(LCID)
  Report
Real-time Estimate Cboe BZX  -  03:39:05 2023-03-24 pm EDT
8.205 USD   +0.18%
02:20aSouth Korea's LGES to resume Arizona battery factory plan with $5.6 billion investment
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03/17Lucid Opens New Retail Studio Location in California, at The Village at Corte Madera in Marin County
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03/17Lucid Group, Inc. Opens New Retail Studio Location in California, At the Village At Corte Madera in Marin County
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EV maker Lucid surges on reports Saudi PIF to buy remaining stake

01/27/2023 | 03:10pm EDT
FILE PHOTO - A Lucid Air electric vehicle is displayed at a shopping mall in Scottsdale, Arizona

(Reuters) - Lucid Group's shares doubled on Friday on market speculation that Saudi Arabia's Public Investment Fund is working on plans to buy out the rest of the electric vehicle maker.

The speculation came as a result of an "uncooked" alert from deals website Betaville. The website uses the term "uncooked" to refer to market gossip.

The PIF, the sovereign wealth fund that owns more than 65% of Lucid, did not immediately respond to a request for comment. Lucid declined to comment.

(Reporting by Chavi Mehta in Bengaluru; Editing by Maju Samuel)


ę Reuters 2023
All news about LUCID GROUP, INC.
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Analyst Recommendations on LUCID GROUP, INC.
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Financials (USD)
Sales 2023 1 344 M - -
Net income 2023 -2 398 M - -
Net Debt 2023 1 007 M - -
P/E ratio 2023 -6,02x
Yield 2023 -
Capitalization 14 985 M 14 985 M -
EV / Sales 2023 11,9x
EV / Sales 2024 6,36x
Nbr of Employees 7 200
Free-Float 88,0%
Chart LUCID GROUP, INC.
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Technical analysis trends LUCID GROUP, INC.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 8,19 $
Average target price 10,56 $
Spread / Average Target 29,0%
EPS Revisions
Managers and Directors
Peter Rawlinson Chief Executive Officer, Director & CTO
Sherry House Chief Financial & Accounting Officer
Andrew N. Liveris Chairman
Sanjay Chandra Vice President-Information Technology
Steven David Senior Vice President-Operations
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