Lucid Group (LCID) AI Stock Analysis

• Market Cap: $6.26B
• Dividend Yield: N/A
• Average Volume (3M): 10.44M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: 39.01%
• EPS Growth: 7.12%
• Country: US
• Employees: 6,800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -2.40
• Shares Outstanding: 307,260,000
• 10 Day Avg. Volume: 13,468,921
• 30 Day Avg. Volume: 10,440,129
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.32
• Enterprise Value/Revenue: 8.86
• Enterprise Value/Gross Profit: -8.93
• Enterprise Value/Ebitda: -4.39
• 1Y Price Target: $30.30
• Price Target Upside: 47.80% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 11

• Rating: 43 Neutral
• Price Target: $2.00 ▼(-90.24% Downside)

Lucid Group's overall stock score is primarily impacted by its weak financial performance and challenging valuation. While the earnings call provided some positive insights into strategic partnerships and vehicle delivery growth, the persistent financial and operational challenges weigh heavily on the stock's outlook.

Positive Factors

Strategic Partnerships

The partnership with Uber and Nuro positions Lucid in the growing robotaxi market, potentially expanding revenue streams and enhancing technological capabilities.

Vehicle Delivery Growth

Consistent growth in vehicle deliveries indicates strong demand and effective production capabilities, supporting long-term revenue growth.

Strong Liquidity Position

A robust liquidity position provides financial flexibility to invest in growth initiatives and weather economic uncertainties.

Negative Factors

Negative Gross Margins

Persistently negative gross margins suggest ongoing operational inefficiencies, impacting profitability and long-term financial health.

High Leverage

High leverage increases financial risk and limits the company's ability to invest in growth opportunities, affecting long-term stability.

Supply Chain Challenges

Supply chain disruptions can hinder production efficiency and delay deliveries, impacting revenue growth and operational performance.

Lucid Group Business Overview & Revenue Model

Company Description

Lucid Group, Inc. is an American automotive company focused on the design and manufacturing of electric vehicles (EVs). Headquartered in Newark, California, Lucid Group specializes in high-performance luxury electric sedans and SUVs, with its flagship product being the Lucid Air, an all-electric luxury sedan that boasts advanced technology and impressive range. The company operates within the automotive and energy sectors, aiming to redefine sustainable transportation through innovative engineering and cutting-edge design.

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 persistent losses and high leverage. Despite slight revenue growth and improved free cash flow, the overall financial health remains weak due to negative profit margins and high debt levels.

Income Statement

Lucid Group's income statement reveals significant challenges. The company has consistently reported negative gross profit margins, with the TTM (Trailing-Twelve-Months) showing a gross profit margin of -99.26%. Net profit margins are also deeply negative, indicating substantial losses relative to revenue. Although there is a slight revenue growth in the TTM, the overall profitability metrics such as EBIT and EBITDA margins remain concerningly negative, reflecting ongoing operational inefficiencies.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.14 in the TTM, indicating increased leverage and potential financial risk. Return on equity is negative, highlighting the company's inability to generate profits from shareholders' equity. However, the equity ratio remains relatively stable, suggesting that a significant portion of the company's assets is financed by equity.

Cash Flow

Cash flow analysis indicates persistent negative operating and free cash flows, although there is a notable improvement in free cash flow growth in the TTM. The operating cash flow to net income ratio is negative, reflecting cash flow challenges. The free cash flow to net income ratio is positive, suggesting that despite losses, the company manages to convert some of its net income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	928.99M	807.83M	595.27M	608.18M	27.11M	3.98M
Gross Profit	-922.14M	-923.11M	-1.34B	-1.04B	-127.79M	906.00K
EBITDA	-1.87B	-2.38B	-2.57B	-1.07B	-2.50B	-709.29M
Net Income	-2.30B	-2.71B	-2.83B	-1.30B	-2.58B	-719.38M
Balance Sheet
Total Assets	8.87B	9.65B	8.51B	7.88B	7.88B	1.40B
Cash, Cash Equivalents and Short-Term Investments	2.83B	4.03B	3.86B	3.91B	6.26B	614.92M
Total Debt	2.74B	2.48B	2.43B	2.08B	2.00B	980.00K
Total Liabilities	6.46B	4.48B	3.66B	3.53B	3.97B	227.38M
Stockholders Equity	2.41B	3.87B	4.85B	4.35B	3.91B	1.18B
Cash Flow
Free Cash Flow	-3.64B	-2.90B	-3.40B	-3.30B	-1.48B	-1.03B
Operating Cash Flow	-2.68B	-2.02B	-2.49B	-2.23B	-1.06B	-570.20M
Investing Cash Flow	621.34M	-1.29B	-946.98M	-3.68B	-420.69M	-459.58M
Financing Cash Flow	2.75B	3.56B	3.07B	1.35B	7.14B	1.29B

Lucid Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCID, the sentiment is Neutral. The current price of 20.5 is above the 20-day moving average (MA) of 19.52, below the 50-day MA of 22.62, and below the 200-day MA of 24.65, indicating a neutral trend. The MACD of -0.44 indicates Negative momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	25.96B	24.44	11.33%	―	7.49%	-21.06%
XPEV	55 Neutral	20.61B	-34.56	-18.51%	―	66.53%	48.17%
NIO	51 Neutral	15.67B	-4.61	-379.72%	―	9.60%	-5.91%
RIVN	49 Neutral	17.45B	-4.45	-57.76%	―	2.73%	45.63%
VFS	44 Neutral	7.55B	-2.35	45.44%	―	79.49%	-22.72%
LCID	43 Neutral	$6.26B	―	-54.39%	―	39.01%	7.12%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Lucid Group Corporate Events

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.

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.

Lucid Group Proposes Reverse Stock Split

On July 17, 2025, Lucid Group, Inc. announced the filing of a preliminary proxy statement with the SEC to propose a reverse stock split of its Class A common stock at a one-for-ten ratio. The company believes this move will make its stock more attractive to a broader range of investors, although the completion of the split is subject to stockholder approval and market conditions. The reverse stock split is intended to enhance Lucid’s market positioning, but there is no guarantee it will achieve the desired effects.

Lucid Group Partners with Uber for Autonomous Vehicles

On July 16, 2025, Lucid Group entered into a Vehicle Production Agreement with Uber Technologies to supply a minimum of 20,000 modified Lucid Gravity vehicles for autonomous use on Uber’s platform over six years, starting in late 2026. This partnership, involving Nuro’s autonomous driving software, aims to deploy a fleet of robotaxis globally, enhancing Lucid’s market presence in the autonomous vehicle sector. Additionally, Lucid and Uber’s subsidiary SMB Holding Corporation agreed on a $300 million private placement of Lucid’s Class A common stock to fund the development of these vehicles, expected to close in the third quarter of 2025. This collaboration signifies a significant investment in Lucid’s technology and positions the company to capitalize on the growing autonomous vehicle market.

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.