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Lucid Motors stock is cheap, according to this metric There are many reasons why a company might have a high price-to-sales ratio. The most popular reason is that sales are skyrocketing.
Lucid's stock has a price-to-sales ratio of 8.1, while fellow EV start-up Rivian Automotive has a P/S ratio of just 3.1. With this premium, widening losses, and the company still trying to find ...
Lucid (NASDAQ: LCID), a fledgling producer of luxury electric vehicles (EVs), went public by merging with a special purpose acquisition company on July 26, 2021. The combined company's stock ...
As of 2:35 p.m. ET, Lucid stock was still lower by 2.5%. Another almost $100,000 EV. Thus far Lucid has only been selling different trims of its luxury Air electric sedan. It has remained low ...
When Lucid first went public in 2021, Lucid management projected it would produce and deliver 49,000 vehicles by 2023 and 90,000 by this year. Last year, the company manufactured 8,428 vehicles ...
In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company ...
Lucid (NASDAQ: LCID) has seen some of these challenges first-hand, which is why the stock is down to $2.01 per share as of Friday's market close. Is it time to jump on this EV stock below $2.50?
Lucid has been losing money as it struggles with low-volume sales. It expects to produce just 9,000 vehicles this year. Investors have been waiting for a catalyst to boost those sales.