Lucid Group, Inc. (LCID) (Q2FY23)
Stock Performance: Over the past 3 years, Lucid Group stock generated returns of -47% where the stock price has decreased from $9.72 in Oct 08, 2020 to $5.13 in Oct 06, 2023. The stock had a 200-Day Moving Average of $7.41 and a 50-Day Moving Average of $6.1.
In the past 1 year, LCID delivered returns of -61% where the stock price decreased from $13.01 in Oct 13, 2022 to $5.13 in Oct 06,2023. The stock had a 52 Week High of $17.81 and a 52 Week Low of $4.97. Over the past 3 months, LCID generated returns of -35% where the price decreased from $7.93 in Jul 10, 2023 to $5.13 in Oct 06, 2023.
Quarter Performance: In Q2FY23, LCID’s revenue grew to $150.9mn from $97.3mn in Q2FY22 and the COGS increased by 90% to $555.8mn from $292.3mn in the same period.
Guidance: For FY23, LCID expects its production volume to be more than 10,000 units and the capital expenditures to be in the range of ~$1.1bn-$1.3bn.
In June 2023, Lucid announced a landmark agreement with Aston Martin, providing
their access to its Sapphire electric vehicle powertrain technology, which will result in Sapphire-enabled Aston Martin EVs.
This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.
– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum
Actual & Historical Performance
– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Price Performance
No of Pages: 28
To download the previous quarter’s equity/report CLICK HERE
To Download other equity/reports CLICK HERE
Follow our LinkedIn page for more updates.