Lucid Group (LCID) AI Stock Analysis

• Market Cap: $3.73B
• Dividend Yield: N/A
• Average Volume (3M): 8.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• 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: 7,778,473
• 30 Day Avg. Volume: 8,702,301
• 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: 2.63
• Enterprise Value/Revenue: 9.22
• Enterprise Value/Gross Profit: -9.41
• Enterprise Value/Ebitda: -5.43
• 1Y Price Target: $17.00
• Price Target Upside: 52.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12
• EPS Forecast (FY): -9.68
• Revenue Forecast (FY): $1.31B

• Rating: 41 Neutral
• Price Target: $12.00 ▲(7.82% Upside)

Lucid Group's overall stock score is primarily influenced by its financial performance and valuation challenges. The company's negative profit margins and high debt levels pose significant risks. Technical analysis indicates bearish momentum, further impacting the score. While strategic partnerships and revenue growth are positive, they are overshadowed by ongoing financial and operational challenges.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing market penetration and demand for Lucid's products, supporting long-term business expansion.

Strategic Partnerships

These partnerships enhance Lucid's technological capabilities and market reach, potentially leading to competitive advantages in autonomous driving.

Liquidity Improvement

Enhanced liquidity provides financial flexibility to support operations and strategic initiatives, reducing financial risk.

Negative Factors

Negative Profit Margins

Negative margins indicate high production costs and inefficiencies, challenging Lucid's path to profitability and long-term financial health.

High Debt Levels

High debt levels can strain cash flow and limit financial flexibility, posing risks to Lucid's financial stability and growth potential.

Supply Chain Challenges

Persistent supply chain issues can disrupt operations, affecting Lucid's ability to meet demand and maintain growth momentum.

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. The company offers various models of the Lucid Air, which are sold directly to consumers, allowing for a streamlined purchasing process and higher margins compared to traditional dealership sales. Additionally, Lucid may generate income from pre-orders and deposits from customers for future models, enhancing cash flow before the actual sale. The company is also exploring opportunities in energy services and charging solutions, which could diversify its revenue streams. Significant partnerships, such as those with technology and battery suppliers, help reduce costs and improve product offerings, further contributing to its financial performance.

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: 11.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• 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 11.13 is below the 20-day moving average (MA) of 12.70, below the 50-day MA of 16.01, and below the 200-day MA of 21.40, indicating a bearish trend. The MACD of -1.14 indicates Negative momentum. The RSI at 30.57 is Neutral, neither overbought nor oversold. The STOCH value of 4.10 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
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RIVN	58 Neutral	$21.95B	-5.67	-65.28%	―	28.21%	44.43%
LI	55 Neutral	$16.65B	27.03	6.53%	―	-10.00%	-54.75%
XPEV	50 Neutral	$17.73B	-43.45	-9.01%	―	86.57%	51.35%
NIO	45 Neutral	$11.20B	-3.34	-296.45%	―	14.94%	2.53%
VFS	45 Neutral	$8.00B	-2.22	―	―	74.91%	-43.10%
LCID	41 Neutral	$3.73B	―	-61.12%	―	45.86%	22.13%

Lucid Group Corporate Events

Lucid Group Announces $875 Million Notes Offering

On November 12, 2025, Lucid Group announced the pricing of its $875 million convertible senior notes offering, aimed at qualified institutional buyers. The notes, due in 2031, will accrue interest at 7% per annum and are convertible into Lucid’s common stock. Concurrently, Lucid repurchased approximately $755.7 million of its 2026 notes using the proceeds from this offering. Additionally, Ayar Third Investment Company entered into a prepaid forward transaction to purchase $636.7 million of Lucid’s stock, which could influence the market price of Lucid’s shares. These strategic financial maneuvers are expected to impact Lucid’s stock market positioning and provide liquidity for future corporate purposes.

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.

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.