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Lucid Group (LCID)
NASDAQ:LCID
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Lucid Group
(NASDAQ:LCID)
Rating:45Neutral
Price Target:
$2.00
▼(-12.28%Downside)
Positive Factors
Brand Expansion
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.
Financial 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.
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
Leadership Changes
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.
Revenue Performance
Lucid's reported revenue of $235 million was lower than both BofA's estimate of $245 million and the consensus of $249 million.
Lucid Group (LCID) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.02B
Dividend YieldN/A
Average Volume (3M)145.20M
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue Growth40.67%
EPS Growth3.40%
CountryUS
Employees6,800
SectorConsumer Cyclical
Sector Strength59
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-0.24
Shares Outstanding3,050,262,000
10 Day Avg. Volume149,186,740
30 Day Avg. Volume145,195,148
Financial Highlights & Ratios
PEG Ratio0.11
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 Profit0.12
Enterprise Value/Ebitda0.01
Forecast
1Y Price Target
$2.41Price Target Upside5.70% Upside
Rating ConsensusHold
Number of Analyst Covering9
Lucid Group Business Overview & Revenue Model
Company DescriptionLucid Group, Inc. (LCID) is an American electric vehicle manufacturer specializing in luxury electric cars. Based in Newark, California, the company is known for its high-performance vehicles with advanced technology and sustainable energy solutions. Lucid's flagship product is the Lucid Air, a luxury sedan that boasts exceptional range, speed, and innovative features designed to compete with traditional luxury automotive brands.
How the Company Makes MoneyLucid 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 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:
Main Street Data
Main Street DataLucid Group Earnings Call Summary
Earnings Call Date:May 06, 2025
(Q1-2025)
| % Change Since: -2.15%|
Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted Lucid's significant achievements in vehicle delivery and brand recognition, strong financial management with strategic acquisitions, and positive reception of new models. However, these are tempered by ongoing supply chain challenges, tariff uncertainties, and continued operating losses. The company's proactive measures and strong brand growth are promising, but the current environment presents notable challenges.Q1-2025 Updates
Positive Updates
Record Vehicle Deliveries
Lucid delivered 3,109 vehicles, up more than 58% year-over-year, marking the fifth consecutive quarter of record deliveries.
Lucid Air Achievements
The 2025 Lucid Air was named Best Luxury Electric Car by U.S. News and Road Report for the fourth consecutive year and remained the number one best-selling EV in its segment in the U.S.
Strong Financial Moves
Lucid renewed and upsized its credit facility in Saudi Arabia by $240 million and closed a $1.1 billion convertible senior note offering, extending liquidity into the second half of 2026.
Lucid Gravity Launch
The Lucid Gravity SUV received positive feedback and strong interest, with notable media endorsements and over three-quarters of orders from new customers.
Strategic Acquisitions and Partnerships
Lucid acquired Nikola assets for approximately $17 million, gaining assets valued at hundreds of millions, and announced a strategic partnership with King Abdullah University of Science and Technology.
Negative Updates
Supply Chain Challenges
Lucid faced temporary systems issues in Saudi Arabia affecting vehicle deliveries and encountered bottlenecks in supply chain impacting Lucid Gravity's production timeline.
Tariff and Regulatory Uncertainty
Potential gross margin headwind increased to 8%-15% due to tariffs, with continued uncertainty regarding the global automotive supply chain.
Operating Losses
Adjusted EBITDA was negative $563 million, with ongoing operating losses as the company scales production.
Challenges in Production Ramp-Up
Technical issues with Lucid Gravity, including software and head-up display supply issues, delayed the ramp-up of production and deliveries.
Company Guidance
During Lucid Group's first quarter 2025 earnings call, the company provided several key financial metrics and operational updates. Vehicle deliveries reached 3,109 units, marking a more than 58% year-over-year increase, with production totaling 2,212 vehicles, up 28% from the previous year. Lucid projected producing approximately 20,000 vehicles in 2025. Revenues for the quarter stood at $235 million, reflecting a 36% annual growth, while gross margin improved to negative 97.2%, up from negative 134.3% in the previous year. The company also reported a liquidity position of $5.76 billion, which is expected to support operations into the second half of 2026. Furthermore, Lucid announced plans for a $1.4 billion capital expenditure in 2025, primarily for investments in their AMP-1, AMP-2, and retail infrastructure.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.20
Very Negative
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.35
Negative
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.25
Negative
| 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 |
| EBITDA | -2.47B | -2.38B | -2.57B | -1.07B | -2.50B | -709.29M |
| Net Income | -2.40B | -2.71B | -2.83B | -1.30B | -2.58B | -719.38M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 9.65B | 8.51B | 7.88B | 7.88B | 1.40B |
| Cash, Cash Equivalents and Short-Term Investments | 2.07M | 4.03B | 3.86B | 3.91B | 6.26B | 614.92M |
| Total Debt | 300.00K | 2.48B | 2.43B | 2.08B | 2.00B | 980.00K |
| 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
Neutral
2.28
Price Trends
2.35
Negative
2.39
Negative
2.58
Negative
Market Momentum
-0.02
Negative
56.23
Neutral
82.24
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 2.28 is above the 20-day moving average (MA) of 2.17, below the 50-day MA of 2.35, and below the 200-day MA of 2.58, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 56.23 is Neutral, neither overbought nor oversold. The STOCH value of 82.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LCID.
Lucid Group Risk Analysis
Lucid Group disclosed 91 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
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $27.20B | 25.75 | 12.22% | ― | 10.28% | -29.75% | |
63 Neutral | $16.70B | 11.33 | -6.96% | 2.94% | 1.73% | -24.85% | |
53 Neutral | $17.22B | ― | -15.52% | ― | 50.45% | 49.81% | |
52 Neutral | $15.05B | ― | -53.82% | ― | 0.58% | 35.39% | |
46 Neutral | $8.19B | ― | 36.15% | ― | 110.83% | -66.73% | |
45 Neutral | $7.02B | ― | -50.06% | ― | 40.67% | 3.40% | |
41 Neutral | $7.08B | ― | -240.42% | ― | 23.39% | 3.93% |
* Consumer Cyclical Sector Average
Performance Comparison
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17.43
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VFS
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RIVN
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Lucid Group Corporate Events
Shareholder MeetingsBusiness Operations and Strategy
Lucid Group Stockholders Approve Stock Incentive Plan Amendment
Positive
Jun 6, 2025
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.
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.