Lucid Group, Inc. LCID shares are up more than 5% over the past five days.
What to know:
Lucid announced on Thursday that it has lowered the starting price of the Lucid Air Pure to $69,900. The company also said that every Lucid Air purchase now includes two years of free scheduled maintenance and a $1000 charging allowance when purchasing Lucid charging accessories.
Also this week, it was revealed in an SEC filing that Lucid CEO Peter Rawlinson received a $6 million cash bonus in recognition of its contribution to the debut of the Lucid Gravity SUV in late 2023.
Tesla CEO, Elon Muskresponded to reports of Rawlinson’s large cash bonus in a post on the social media platform X.
“Your comp is inversely proportional to your performance!” Musk said.
Lucid will announce fourth-quarter financial results after the market closes on Feb. 21. The company is expected to report losses of 29 cents per share and quarterly revenue of $178.297 million.
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LCID Stock Prediction 2030
Predicting the future of stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a variety of other factors.
If, as an investor, you want to assume that most of the major factors remain stable, you can use trend analysis as a useful tool. Using a long-term trend line or the stock’s historical performance, you can aim to predict a stock’s annual rate of return.
For the Lucido Group LCIDover the last 5 years, the stock’s annualized performance was -18.16% and if the trend is assumed to continue for another 5 years, you can expect a stock to trade at $1.36.
Using a trendline (see how to do this here), if you choose to use a trendline, connect your two dots and look into the future to the moment you are curious. Once you have identified the stock price, you might consider what kind of conditions would need to exist for the stock to justify the stock price, whether it be external influence or managerial decision making.
LCID Price Action: According to Benzinga Pro, Lucid Group shares rose 1.93% to $3.70 at the time of publication.
Image: Courtesy of Lucid Group, Inc.