Lucid Group (LCID)
NASDAQ:LCID
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Lucid Group
(NASDAQ:LCID)
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Rating:47Neutral
Price Target:
$8.50
▼(-0.93% Downside)
Action:ReiteratedDate:03/13/26
The score is held down primarily by very weak financial performance (persistent losses, rising leverage, and heavy cash burn with ongoing funding dependence). Technicals also remain bearish with the stock below all major moving averages and a negative MACD. The latest earnings call adds some offset via scaling guidance, cost-down progress, and stated liquidity runway, but heavy CapEx needs and continued negative free cash flow keep risk high.
Positive Factors
Production ramp / throughput
Lucid's materially higher and repeatable production throughput (Q4 supporting ~7,500 vehicles/quarter) indicates manufacturing scale and improved factory yield. Durable higher output supports fixed-cost absorption, steadier revenue cadence and a clearer path to leverage scale for margin improvement over the next 6–24 months.
Negative Factors
Heavy cash burn
Persistent multi-year negative operating cash flow and large free-cash-flow deficits show the business requires ongoing external capital to fund operations and growth. This structural cash burn raises refinancing and dilution risk, constrains strategic optionality, and makes execution dependent on timely access to financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Production ramp / throughput
Lucid's materially higher and repeatable production throughput (Q4 supporting ~7,500 vehicles/quarter) indicates manufacturing scale and improved factory yield. Durable higher output supports fixed-cost absorption, steadier revenue cadence and a clearer path to leverage scale for margin improvement over the next 6–24 months.
Read all positive factors
Lucid Group (LCID) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.81B
Dividend YieldN/A
Average Volume (3M)5.83M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth45.86%
EPS Growth22.13%
CountryUS
Employees6,800
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-3.62
Shares Outstanding327,684,230
10 Day Avg. Volume5,857,071
30 Day Avg. Volume5,830,826
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)4.59
Price to Sales (P/S)2.43
P/FCF Ratio-0.86
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue1.98
Enterprise Value/Gross Profit-2.13
Enterprise Value/Ebitda-1.16
Forecast
1Y Price Target
$13.38Price Target Upside55.94% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)-7.59
Revenue Forecast (FY)$2.33B
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 reta...
How the Company Makes Money
Lucid primarily makes money by selling Lucid-branded electric vehicles to customers, with revenue recognized from automotive sales (vehicle delivery revenue, including the base vehicle and customer-selected options). In addition to vehicle sales, ...
Lucid Group Key Performance Indicators (KPIs)
Any
Vehicle Deliveries
Tracks the number of vehicles delivered to customers, indicating production efficiency, demand fulfillment, and revenue generation potential.
Tracks the number of vehicles delivered to customers, indicating production efficiency, demand fulfillment, and revenue generation potential.
Data provided by:
The Fly
The FlyLucid Group Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Neutral
The call presented a mix of substantial operational progress and commercial momentum (double-digit production and delivery growth, big revenue beats, unit-cost reductions, strategic partnerships such as Uber/Nuro, and a healthy liquidity position) alongside material financial and execution risks (large operating losses and negative free cash flow, heavy near-term CapEx, tariffs and supply-chain costs, a production count adjustment, and workforce reductions). Management emphasized structural improvements, cost discipline and a clear roadmap (midsize platform and robotaxi commercialization) but also disclosed constrained runway into H1 2027 and the need for continued execution to translate operational gains into profitability.Positive Updates
Strong Production Ramp and Throughput Improvements
Q4 production of 7,874 vehicles (up 133% YoY); full year production 7,840 vehicles (up 98% YoY). Management reports a repeatable run rate supporting up to ~7,500 vehicles/quarter as throughput, yield and first-time-right improved.
Negative Updates
Large Operating Losses and Negative Free Cash Flow
Operating loss of $1.065B in the quarter (full-year operating loss significant), adjusted EBITDA loss reported at ~$875M for the period mentioned, and free cash flow negative $1.2B, driven by ramp-related operating losses, working capital and $325M Q4 CapEx.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Production Ramp and Throughput Improvements
Q4 production of 7,874 vehicles (up 133% YoY); full year production 7,840 vehicles (up 98% YoY). Management reports a repeatable run rate supporting up to ~7,500 vehicles/quarter as throughput, yield and first-time-right improved.
Read all positive updates
Company Guidance
The company guided that 2026 will be a year of disciplined scaling with expected production of 25,000–27,000 vehicles, CapEx of $1.2–$1.4 billion (majority toward M2), and liquidity of ~$4.6 billion ( ~$2.1B cash + ~$2.5B undrawn facilities) sufficient into 1H‑2027; operational targets include starting midsize platform production by year‑end, delivering first production robotaxis to Uber for commercial deployment in the SF Bay Area (minimum 20,000‑vehicle Uber commitment; $300M Uber investment closed), opening 42 new locations, and achieving roughly a 20% additional reduction in manufacturing cost per unit by Q4‑2026 (after a ~27% decline in 2025); other quantified items: a Q4 underlying run‑rate supporting up to ~7,500 vehicles/quarter, removal of ~$10k/unit incremental tariffs seen in 2025, a 12% U.S. workforce reduction targeting ~$500M in cumulative savings over three years, and continued sequential gross‑margin improvement while maintaining disciplined cash burn and tight working capital control.Lucid Group Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.35B | 807.83M | 595.27M | 608.18M | 27.11M |
| Gross Profit | -1.26B | -923.11M | -1.34B | -1.04B | -127.79M |
| EBITDA | -2.12B | -2.38B | -2.57B | -1.07B | -2.50B |
| Net Income | -2.70B | -2.71B | -2.83B | -1.30B | -2.58B |
Balance Sheet | |||||
| Total Assets | 8.39B | 9.65B | 8.51B | 7.88B | 7.88B |
| Cash, Cash Equivalents and Short-Term Investments | 997.83M | 4.03B | 3.86B | 3.91B | 6.26B |
| Total Debt | 860.53M | 2.48B | 2.43B | 2.35B | 2.21B |
| Total Liabilities | 7.67B | 5.78B | 3.66B | 3.53B | 3.97B |
| Stockholders Equity | 717.29M | 3.87B | 4.85B | 4.35B | 3.91B |
Cash Flow | |||||
| Free Cash Flow | -3.83B | -2.90B | -3.40B | -3.30B | -1.48B |
| Operating Cash Flow | -2.96B | -2.02B | -2.49B | -2.23B | -1.06B |
| Investing Cash Flow | 1.48B | -1.29B | -946.98M | -3.68B | -420.69M |
| Financing Cash Flow | 915.16M | 3.55B | 3.07B | 1.35B | 7.14B |
Lucid Group Technical Analysis
Negative
8.58
Price Trends
10.01
Negative
10.95
Negative
16.26
Negative
Market Momentum
-0.37
Positive
36.46
Neutral
7.73
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 8.58 is below the 20-day moving average (MA) of 9.68, below the 50-day MA of 10.01, and below the 200-day MA of 16.26, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 36.46 is Neutral, neither overbought nor oversold. The STOCH value of 7.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LCID.
Lucid Group Risk Analysis
Lucid Group disclosed 88 risk factors in its most recent earnings report. Lucid Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lucid Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $19.34B | 109.05 | 1.55% | ― | -9.99% | -54.75% | |
51 Neutral | $9.80B | -2.12 | 57.07% | ― | 74.91% | -43.10% | |
50 Neutral | $16.35B | -60.90 | -3.77% | ― | 86.57% | 51.35% | |
47 Neutral | $2.81B | -1.22 | -133.09% | ― | 45.86% | 22.13% | |
47 Neutral | $19.15B | -7.49 | -66.53% | ― | 28.21% | 44.43% | |
45 Neutral | $13.97B | -5.57 | -984.82% | ― | 14.94% | 2.53% |
* Consumer Cyclical Sector Average
LCID
Lucid Group
8.58
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Lucid Group Corporate Events
Business Operations and StrategyProduct-Related Announcements
Lucid Unveils Midsize Platform and Robotaxi Growth Strategy
Positive
Mar 12, 2026
On March 12, 2026, Lucid Group used its Investor Day in New York to unveil a detailed financial and product strategy centered on a new Midsize platform, expanded software and mobility revenue streams, and stricter capital discipline to accelerate ...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Lucid Highlights Strategic Share Resale and Strong 2025 Results
Neutral
Feb 24, 2026
On February 20, 2026, Lucid announced a plan to cut approximately 12 percent of its current U.S. workforce, excluding hourly production workers, aiming to streamline operating expenses as it ramps its Midsize platform, robotaxi initiatives and ADA...
Executive/Board Changes
Lucid Group Updates CFO Compensation and Relocation Benefits
Neutral
Jan 23, 2026
On January 20, 2026, Lucid Group’s Compensation and Human Capital Committee approved amendments to the compensation package of Chief Financial Officer Taoufiq Boussaid, extending his temporary housing subsidy from six to twelve months, doubl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.