Lucid Group (LCID) AI Stock Analysis

• Market Cap: $4.04B
• Dividend Yield: N/A
• Average Volume (3M): 9.72M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: 45.86%
• EPS Growth: 22.13%
• Country: US
• Employees: 6,800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -2.65
• Shares Outstanding: 324,168,460
• 10 Day Avg. Volume: 11,294,478
• 30 Day Avg. Volume: 9,716,836
• PEG Ratio: 0.34
• Price to Book (P/B): 1.91
• Price to Sales (P/S): 9.14
• P/FCF Ratio: -2.54
• Enterprise Value/Market Cap: 2.43
• Enterprise Value/Revenue: 9.22
• Enterprise Value/Gross Profit: -9.41
• Enterprise Value/Ebitda: -5.43
• 1Y Price Target: $18.82
• Price Target Upside: 53.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12
• EPS Forecast (FY): -9.61
• Revenue Forecast (FY): $1.30B

• Rating: 43 Neutral
• Price Target: $12.00 ▼(-2.44% Downside)

Lucid Group's overall stock score reflects significant financial and technical challenges. The most impactful factor is the company's financial performance, marked by high costs and inefficiencies leading to substantial losses. Technical analysis indicates bearish momentum, with the stock trading well below key moving averages. Valuation metrics are weak, with a negative P/E ratio. Despite these challenges, the earnings call provided some optimism with strong delivery growth and strategic partnerships, but these are overshadowed by ongoing financial and operational hurdles.

Positive Factors

Revenue Growth

Lucid's significant revenue growth reflects strong market demand and effective sales strategies, supporting long-term business expansion.

Strategic Partnerships

These partnerships enhance Lucid's technological capabilities and market reach, positioning it as a leader in autonomous driving and expanding its revenue streams.

Product Expansion

The introduction of new models like the Gravity Touring diversifies Lucid's product offerings, appealing to a wider customer base and driving future sales growth.

Negative Factors

Financial Losses

Ongoing financial losses highlight operational inefficiencies and high costs, which could hinder profitability and require strategic adjustments.

Supply Chain Challenges

Persistent supply chain issues can disrupt production schedules and delivery targets, affecting Lucid's ability to meet market demand and maintain growth.

High Debt Levels

High debt levels increase financial risk and limit flexibility, potentially impacting Lucid's ability to invest in growth and innovation.

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 electric vehicles, particularly the Lucid Air. The company has a direct-to-consumer sales model, allowing it to retain a larger portion of the sale price compared to traditional dealership models. In addition to vehicle sales, Lucid may also earn revenue from leasing options, as well as ancillary services such as software updates and subscription services for enhanced features. Furthermore, partnerships with energy companies for charging infrastructure and collaborations with technology firms for vehicle integration may contribute to its revenue streams. The company may also explore future revenue opportunities in the form of energy storage solutions, leveraging its expertise in battery technology.

Lucid Group Financial Statement Overview

Summary

Lucid Group faces significant financial challenges, with deeply negative margins and high production costs relative to revenue. The balance sheet shows a high debt-to-equity ratio, and cash flow management issues persist. Despite revenue growth, the company struggles with profitability and operational efficiency.

Income Statement

Lucid Group's income statement reveals significant challenges, with negative margins across the board. The TTM gross profit margin is deeply negative at -99.26%, indicating high production costs relative to revenue. The net profit margin is also concerning at -247.07%, reflecting substantial losses. Despite a revenue growth rate of 14.70% in the TTM, the company struggles with profitability, as shown by negative EBIT and EBITDA margins. These figures suggest that while revenue is growing, the company is not yet achieving operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 1.14 in the TTM, indicating a relatively high level of debt compared to equity, which could pose financial risk. The return on equity is negative at -75.58%, highlighting the company's inability to generate profit from shareholders' equity. However, the equity ratio is 42.17%, suggesting a reasonable proportion of assets financed by equity. Overall, the balance sheet reflects financial instability but with some potential for improvement if profitability issues are addressed.

Cash Flow

Lucid Group's cash flow statement indicates ongoing cash flow challenges. The TTM free cash flow growth rate is 9.16%, showing some improvement, yet the operating cash flow to net income ratio is negative at -1.75, indicating cash flow issues relative to net income. The free cash flow to net income ratio is 1.36, suggesting that while free cash flow is positive relative to net income, the company still faces significant cash flow management challenges. These metrics highlight the need for better cash flow management to support operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.07B	807.83M	595.27M	608.18M	27.11M	3.98M
Gross Profit	-1.04B	-923.11M	-1.34B	-1.04B	-127.79M	906.00K
EBITDA	-1.81B	-2.38B	-2.57B	-1.07B	-2.50B	-709.29M
Net Income	-2.28B	-2.71B	-2.83B	-1.30B	-2.58B	-719.38M
Balance Sheet
Total Assets	8.82B	9.65B	8.51B	7.88B	7.88B	1.40B
Cash, Cash Equivalents and Short-Term Investments	2.34B	4.03B	3.86B	3.91B	6.26B	614.92M
Total Debt	2.81B	2.48B	2.43B	2.35B	2.21B	980.00K
Total Liabilities	5.10B	5.78B	3.66B	3.53B	3.97B	2.72B
Stockholders Equity	3.72B	3.87B	4.85B	4.35B	3.91B	-1.32B
Cash Flow
Free Cash Flow	-3.40B	-2.90B	-3.40B	-3.30B	-1.48B	-1.03B
Operating Cash Flow	-2.57B	-2.02B	-2.49B	-2.23B	-1.06B	-570.20M
Investing Cash Flow	-21.29M	-1.29B	-946.98M	-3.68B	-420.69M	-459.58M
Financing Cash Flow	2.37B	3.55B	3.07B	1.35B	7.14B	1.29B

Lucid Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 12.3 is below the 20-day moving average (MA) of 15.87, below the 50-day MA of 19.33, and below the 200-day MA of 22.67, indicating a bearish trend. The MACD of -1.99 indicates Positive momentum. The RSI at 23.95 is Positive, neither overbought nor oversold. The STOCH value of 5.42 is Positive, 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	65 Neutral	$17.80B	17.11	11.91%	―	7.49%	-21.06%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RIVN	53 Neutral	$18.22B	―	-65.28%	―	28.21%	44.43%
XPEV	50 Neutral	$19.22B	―	-9.01%	―	86.57%	51.35%
NIO	45 Neutral	$12.53B	―	-329.46%	―	9.60%	-5.91%
LCID	43 Neutral	$4.04B	―	-61.12%	―	45.86%	22.13%
VFS	41 Neutral	$7.55B	―	―	―	74.91%	-43.10%

Lucid Group Corporate Events

Lucid Group Announces $875M Convertible Notes Offering

On November 11, 2025, Lucid Group announced a private offering of $875 million in Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $100 million. This move aims to repurchase a portion of existing 2026 notes and fund general corporate purposes. Concurrently, Ayar Third Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia, is expected to engage in a prepaid forward transaction to purchase Lucid’s common stock, potentially influencing the market price of Lucid’s stock and the notes. These financial maneuvers are intended to strengthen Lucid’s market position and provide liquidity for future operations.

The most recent analyst rating on (LCID) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Lucid Group stock, see the LCID Stock Forecast page.

Lucid Group’s Earnings Call: Growth Amid Challenges

Lucid Group’s recent earnings call painted a picture of both triumphs and trials. The company celebrated significant growth in deliveries and strategic partnerships, enhancing its brand presence. However, it also acknowledged persistent supply chain issues and financial losses. Despite these challenges, Lucid remains optimistic about its future growth and profitability.

Lucid Group Reports Strong Q3 2025 Results and Strategic Advances

Lucid Group, Inc., a Silicon Valley-based technology company, is renowned for producing advanced electric vehicles, including the award-winning Lucid Air and Lucid Gravity SUV, which are assembled in state-of-the-art factories in Arizona and Saudi Arabia. The company is at the forefront of EV technology, focusing on performance, design, and energy efficiency.

Lucid Group Expands Credit Facility to $2 Billion

Lucid Group announced significant financial and operational developments for the third quarter of 2025. The company reported a 68% increase in revenue to $336.6 million and a 47% rise in vehicle deliveries compared to the same period in 2024. Lucid also increased its credit facility with the Public Investment Fund from $750 million to $2 billion, enhancing its liquidity to $5.5 billion. Key strategic moves included a collaboration with NVIDIA for Level 4 autonomous driving technology and a partnership with Nuro for robotaxi development. Organizational changes were made to accelerate growth and global expansion, alongside the departure of Eric Bach and the appointment of Emad Dlala to senior roles.

The most recent analyst rating on (LCID) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Lucid Group stock, see the LCID Stock Forecast page.

Lucid Group Executes One-for-Ten Reverse Stock Split

On August 29, 2025, Lucid Group, Inc. implemented a reverse stock split at a ratio of one-for-ten, reducing its common stock from approximately 3,072.6 million to 307.3 million shares. This move, approved by stockholders on August 18, 2025, aims to streamline the company’s equity structure without altering stockholders’ percentage ownership or voting power, except for minor changes due to fractional shares.

The most recent analyst rating on (LCID) stock is a Hold with a $2.10 price target. To see the full list of analyst forecasts on Lucid Group stock, see the LCID Stock Forecast page.

Lucid Group Approves Reverse Stock Split Amendment

On August 18, 2025, Lucid Group, Inc. held a special meeting of stockholders where an amendment to the company’s Third Amended and Restated Certificate of Incorporation was approved. This amendment allows the company’s Board of Directors to execute a reverse stock split of the common stock, a move that could impact the company’s stock valuation and market perception.

The most recent analyst rating on (LCID) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Lucid Group stock, see the LCID Stock Forecast page.