Lucid Group (LCID) AI Stock Analysis

• Market Cap: $6.56B
• Dividend Yield: N/A
• Average Volume (3M): 136.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.70
• Revenue Growth: 40.67%
• EPS Growth: 3.40%
• Country: US
• Employees: 6,800
• Sector: Consumer Cyclical
• Sector Strength: 56
• Industry: Auto - Manufacturers
• EPS (TTM): -0.24
• Shares Outstanding: 3,050,262,000
• 10 Day Avg. Volume: 131,838,152
• 30 Day Avg. Volume: 136,403,608
• PEG Ratio: 0.11
• Price to Book (P/B): 2.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.47
• Enterprise Value/Market Cap: -0.02
• Enterprise Value/Revenue: -0.03
• Enterprise Value/Gross Profit: 0.12
• Enterprise Value/Ebitda: 0.01
• 1Y Price Target: $2.79
• Price Target Upside: 25.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 45 Neutral
• Price Target: $2.00 ▼(-9.91%Downside)

Lucid Group's overall score is primarily driven by financial performance and technical analysis. The company's ongoing financial challenges, negative profitability, and bearish technical indicators present significant risks. Despite promising earnings call highlights and strategic corporate events, these factors are insufficient to outweigh the financial and market challenges.

Positive Factors

Liquidity

Lucid's cash burn improved in 1Q25, supported by higher regulatory credit sales, indicating solid execution and sufficient liquidity to fund operations into 2026.

Product Launch

The Gravity SUV is off to a strong start, giving the LCID brand a second chance at a first introduction with potential new customers as the company scales vehicle production.

Production Guidance

Lucid maintained its 2025 production guidance of 20,000 vehicles, above the pre-release forecast, suggesting strong management expectations for deliveries.

Negative Factors

Financial Performance

Lucid's reported revenue of $235 million was lower than both BofA's estimate of $245 million and the consensus of $249 million.

Leadership Change

The departure of CEO Peter Rawlinson earlier in 2025 increases the risk that product development stalls.

Profitability Challenges

Lucid is expected to face gross profit headwinds due to current U.S. tariff policies, which may impact profitability.

Lucid Group Business Overview & Revenue Model

Company Description

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

How the Company Makes Money

Lucid Group generates revenue primarily through the sale of its luxury electric vehicles. The company targets the high-end automotive market, offering vehicles that feature cutting-edge technology and design. Revenue is driven by vehicle sales, which include different variants of the Lucid Air model, each with varying features and price points. Additionally, the company may generate income from ancillary services such as vehicle maintenance, software updates, and charging solutions. Lucid also engages in strategic partnerships and collaborations that can contribute to its revenue growth. These partnerships may involve technology sharing, joint ventures, or co-development agreements that leverage Lucid's expertise in electric vehicle technology.

Lucid Group Financial Statement Overview

Summary

Lucid Group's financial statements indicate significant challenges with profitability, high leverage, and negative cash flow. Despite revenue growth, substantial financial inefficiencies and high debt levels present ongoing risks.

Income Statement

Lucid Group's TTM revenue shows slight growth, but the company is struggling with significant net and gross losses. The net profit margin and gross profit margin are negative, indicating profitability challenges. EBIT and EBITDA margins are also deeply negative, further highlighting operational inefficiencies.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio above 0.8. The equity ratio is moderate, suggesting some financial stability. However, the negative return on equity indicates that the company is not generating positive returns for shareholders.

Cash Flow

Lucid Group's cash flow statement reveals negative free cash flow and operating cash flow, with a declining free cash flow growth rate. Operating cash flow relative to net income also shows inefficiencies in cash generation relative to accounting profit.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
870.14M	807.83M	595.27M	608.18M	27.11M	3.98M
	Gross Profit
-919.57M	-923.11M	-1.34B	-1.04B	-127.79M	906.00K
	EBIT
-2.98B	-3.02B	-3.10B	-2.59B	-1.53B	-599.23M
	EBITDA
-2.47B	-2.38B	-2.57B	-1.07B	-2.50B	-709.29M
	Net Income Common Stockholders
-2.40B	-2.71B	-2.83B	-1.30B	-2.58B	-719.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.07M	4.03B	3.86B	3.91B	6.26B	614.92M
	Total Assets
2.07B	9.65B	8.51B	7.88B	7.88B	1.40B
	Total Debt
300.00K	2.48B	2.43B	2.08B	2.00B	980.00K
	Net Debt
-1.77M	870.02M	1.06B	348.00M	-4.27B	-613.43M
	Total Liabilities
1.09B	5.78B	3.66B	3.53B	3.97B	227.38M
	Stockholders Equity
986.64M	3.87B	4.85B	4.35B	3.91B	1.18B
Cash Flow		Free Cash Flow
-2.78B	-2.90B	-3.40B	-3.30B	-1.48B	-1.03B
	Operating Cash Flow
-1.93B	-2.02B	-2.49B	-2.23B	-1.06B	-570.20M
	Investing Cash Flow
-997.98M	-1.29B	-946.98M	-3.68B	-420.69M	-459.58M
	Financing Cash Flow
-934.47M	3.56B	3.07B	1.35B	7.14B	1.29B

Lucid Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCID, the sentiment is Negative. The current price of 2.22 is below the 20-day moving average (MA) of 2.31, below the 50-day MA of 2.43, and below the 200-day MA of 2.69, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 44.61 is Neutral, neither overbought nor oversold. The STOCH value of 48.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LCID.

Lucid Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LI	74 Outperform	$26.59B	25.03	12.22%	―	10.28%	-29.75%
Sector *	62 Neutral	$6.80B	11.08	2.79%	5.80%	2.68%	-24.86%
XPEV	53 Neutral	$17.89B	―	-15.52%	―	50.45%	49.81%
RIVN	48 Neutral	$15.35B	―	-53.82%	―	0.58%	35.39%
VFS	45 Neutral	$8.07B	―	36.15%	―	110.83%	-66.73%
LCID	45 Neutral	$6.56B	―	-50.06%	―	40.67%	3.40%
NIO	41 Neutral	$7.24B	―	-240.42%	―	23.39%	3.93%

Lucid Group Corporate Events

Lucid Group Stockholders Approve Stock Incentive Plan Amendment

On June 5, 2025, Lucid Group‘s stockholders approved an amendment to the 2021 Stock Incentive Plan, increasing the available shares of Class A common stock by 184 million. This decision, made during the Annual Meeting, potentially strengthens Lucid’s market position by enhancing its ability to incentivize employees and attract talent.

The most recent analyst rating on (LCID) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Lucid Group stock, see the LCID Stock Forecast page.

Lucid Group Issues Regulation FD Disclosure Report

Lucid Group has released a current report on Form 8-K, which is not considered filed under the Securities Exchange Act of 1934 or the Securities Act of 1933. The report and its exhibits are not subject to the liabilities of Section 18 of the Exchange Act and are not incorporated by reference in any other filings.