Lucid Group's Stock Price: Is Now A Good Time To Buy Or Sell?

Oct. 15, 2021 11:57 AM ETLucid Group, Inc. (LCID)14 Comments


  • Lucid's share price soared to a post-IPO peak of more than $28 in late September following release of news regarding its flagship Air sedan's production progress and delivery timeline.
  • Yet, mounting market headwinds entering into the final quarter of the calendar year have calmed the stock's rally since it has been rangebound in the low-to-mid-$20 level in recent weeks.
  • The trend will likely persist for another week or two until the first Air sedans are delivered to customers later this month, a key catalyst in jumpstarting Lucid's share price.
  • It has nonetheless been a big year for Lucid, after crossing significant hurdles this year to bring the Lucid Air into commercial production at its Arizona factory. And more milestones are still on their way before the end of the year, including upcoming deliveries and Lucid's first earnings release in about a month's time.
  • Considering the near-term catalysts ahead, and Lucid's promising long-term growth prospects, we remain bullish on the stock with a 12-month price target of $29.79, which makes today's stock price a reasonable buy opportunity.

TechCrunch Disrupt NY 2017 - Day 2

Noam Galai/Getty Images Entertainment

Lucid (NASDAQ:LCID) showcased the first "customer quality" Air sedans rolling off the assembly line at its Casa Grande manufacturing facility two weeks ago during the "Production Preview Week" event. The gesture marked the beginning

This article was written by

Let the power of quality research drive your investment convictions

Boutique investment research shop providing professional coverage on disruptive thematic equities. Our analysis provides a deep dive on growth drivers present in the secular market to identify outperforming investments.

Disclosure: I/we have a beneficial long position in the shares of LCID either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (14)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.