LCID Stock Forecast: Q2 2022 Earnings

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LUCID Stock Forecast is revised HIGHER to $28

 

Lucid Stock Forecast for the next 12 months is $28


Latest Lucid Stock Price

LCID Stock Forecast: Performance Analysis

Why is Lucid down?

Lucid is down mostly due to

  • Macroeconomic headwinds with Fed increasing rates rapidly
  • The supply chain and logistics issues impacting volumes and margins

Will Lucid motors stock go up

  • Lucid motors are focusing on creating more luxurious electric vehicles and it has a huge potential to do so.
  • Recently, Cantor Fitzgerald rated the company as “overweight”
  • The company is performing well financially.
    • Total revenues were $97.3 million, up 55840% y-y.
    • Gross profit was -$195 million.
    • Total operating expenses fell from $409 million in the first quarter to $364 million in the 2nd quarter.
    • Total operating income was -$559 million, down 124.6% y-y.
    • Net income was -$220.4 million, up 15.8% y-y.
    • EBIT was -$559 million.
  • In the last quarter, it delivered around 680 vehicles and it expected its production volume to be 6000 to 7000 vehicles. The company’s focus is on ramping up production and is expecting strong demand in the future where it already received 37000+ reservations and its potential sales are expected to reach $3.5 Billion. There are risks but there is also a high chance for the stock to go up.

LCID Stock Forecast: Lucid Target Price- 12 Months

Price Target data sourced from pricetarget.io

Lucid Stock Price Prediction 2025

LCID Stock Forecast: Q2 2022 Earnings

  • Revenues of $97.3 M vs $0.17 M in Q2 2021
  • Expenses almost Tripled from $ 249 M to $ 656 M
  • Loss per share fell from $7.21 to $0.13 in basic [Average shares outstanding increased from 36 Million to 1.67 Billion]
  • Loss per share fell from $7.21 to $0.33 in diluted [Average shares outstanding increased from 36 Million to 1.67 Billion]

LCID Stock Forecast: 2021 Review

Lucid had a volatile year in 2021 with prices ranging from $10.01 in Jan to $58.05 in November. The year started at $10.01 and ended and $38.05

Date Price
December 31st, 2020 $10.01
Feb 18th, 2021 $58.05
Jan 6th, 2021 $10.01
December 31st, 2021 $38.05

Read: Tesla Stock Prediction: TSLA 

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Author: Vineet Agarwal

Contributor: Abheek Roy

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

LUCID Stock Forecast

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