If your search has landed you in this article then I am sure your intent lies in getting a comprehensive Lucid stock price prediction.
As an esteemed luxury EV car manufacturer operating exclusively within United States borders – from production to design –Lucid (LCID) has undeniably managed to establish itself well in its industry niche.
So in this article, we are going to do exactly that, specifically, we will be looking at Lucid’s stock price Prediction for the upcoming years. Along with that, we would also try to answer the question “Can Lucid stock reach $100?” with some fundamental and technical analysis.
- Bason on their recent announcement Lucid could manage to produce only 1400 vehicles for Q2 2023 which is lower than expected.
- By 2025, we expect Lucid to double its revenue and hit a high of approx $18.50.
Lucid – A Quick Overview
Lucid Motors, a company founded in 2007 by Bernard Tse and Sam Weng had the goal of creating a luxurious electric sedan. With Peter Rawlinson taking the helm as CEO in 2013 Lucid began to realize its potential and finally introduced its first electric vehicle in 2020.
Lucid has managed to attract several former Tesla employees. Resulting in the incorporation of many Tesla features into their vehicles. They proudly design and produce their cars entirely within the United States with their manufacturing plant located in Arizona.
Currently. Lucid offers four models in their lineup: the entry-level Lucid Pure priced at approximately $85,000. Followed by the Lucid Dream. Lucid Grand Touring and the high-end Lucid Supercar are priced at over $250,000.
One unique thing that sets Lucid apart from its competitors is its battery technology which is known as the Lucid Energy Storage System (ESS).
Through innovative design and manufacturing techniques developed in-house by the company, this battery pack achieves exceptional energy density and efficiency. Thanks to this breakthrough technology. Lucid vehicles can achieve an extended driving range on just a single charge.
Latest Updates on Lucid
- Lucid has announced plans to produce other electric vehicle models, including an electric SUV called the Lucid Gravity. Gravity is expected to diversify Lucid’s presence in the EV market and cater to the growing demand for electric SUVs.
- Lucid has partnered with luxury brand Aston Martin and this should further establish Lucid’s positioning as a luxury niche segment.
What do Lucid’s Latest Earnings Say?
- Lucid announced on July 12th its production numbers. They produced a total sum of 2173 vehicles during the 2023 Q2 and delivered about 1400 vehicles in this period. This is slightly below what the market was expecting and that has been dragging the share prices down for Lucid in the current week.
- Lucid will be announcing its 2023 Q2 results on Aug 7th, 2023. The expected revenue from the market is about 206M for Q2. The chances are less that it would be able to surpass this number looking at the current delivery numbers.
- However, if it can at least meet or surpass this number even slightly that could give a huge boost to its share prices which are down significantly in the current week unlike some of its peers in the EV industry.
Lucid ( Ticker: LCID) Technical Analysis: Is this the start of a bull run?
- Lucid’s technical analysis suggests that the stock has been trading in a rangebound fashion between $7 to $8 for a considerable period of time.
- It did briefly reach $8, but it has consistently returned to the $7 level, indicating a support level at $7.
- However, recent lower delivery production numbers have resulted in high trading volume, causing the stock to decline below $7.
- This points out a potential breakout from the established range, with the next significant support level expected around $6.
- The upcoming earnings release on August 7th may be a catalyst for the stock to reach the $6 range.
- If the support at $6 fails to hold, it could trigger a significant decline.
- The Relative Strength Index (RSI) 2 is currently in the positive territory, suggesting an overbought condition that needs to cool down.
- Considering all these indicators, there is a possibility that Lucid may break below the $6 level in the near future.
Lucid Stock Price Prediction Approach And Summary
To forecast the future price of Lucid, we need to first look at its current evaluation and market performance. Currently, Lucid has a market capitalization of around $16 billion and a price-to-sales ratio of 24, which indicates a reasonable valuation.
In the past 12 months, Lucid has generated revenue of approximately $650 million. Now considering these factors, we can make some predictions by adjusting the revenue figures with a percentage increase and extrapolating from there.
And this allows us to reverse engineer and estimate potential prices for the company. This summary below provides a brief overview of our analysis.
Lucid Stock Price Prediction 2023
By 2023 it is anticipated that Lucid Motors will offer its stocks at a price ranging between $6.5 and $8.7 per share; averaging around $7.6 per share overall during that year.
These projections take into account Lucid Motors’ plans to increase production and introduce more vehicles from their manufacturing facility based out of Arizona.
However, in case their delivery numbers fall short when compared with market expectations (as stated in the company’s recent report), there might be a decreasing trend witnessed towards the lower end(approximately $ 6 00/share)of said range.
On the other hand. Lucid can surprise by showing better performance during Q3/Q4 which might escalate the stock price as much as $8.7/share.
Lucid Stock Price Prediction 2025
According to our analysis. The lowest potential price for Lucids’ stock in 2025 is estimated at around $13 while the highest price could reach up to $18.50.
It is important to consider that these price levels are contingent upon the overall performance of the electric vehicle (EV) market in the upcoming years and Lucids’ ability to generate substantial sales within that timeframe.
Also, it is worth noting that Lucid will face competition from luxury EVs expected to be released by renowned brands like Mercedes, BMW, Audi, and others. Undoubtedly. This competition poses a challenge for Lucid.
However. One key distinguishing factor for Lucid is their spacious EVs equipped with long-range batteries. These features set them apart from the luxury vehicles manufactured by German automakers. Ultimately though Lucid prices completely rely on its capacity to sell a significant number of cars within the next few years.
Lucid Stock Price Prediction 2030
While predicting the exact prices of lucid a decade from now is indeed challenging, based on our previously explained forecast calculation and considering their significant increase in revenue, there is a possibility that they can multiply their revenue to approximately 7 billion dollars.
If Lucid maintains their production stability, we anticipate that by the year 2030, the price could reach a maximum of $38. On the other hand, it might also go as low as $70 on the lower end.
Is Lucid a buy sell or hold?
As of the current moment, a lot of analysts are predicting Lucid as a buy based on the current price levels however one key thing to note based on the recent numbers is they have managed to deliver only 1400 Vehicles which is much lower than the market’s expectation.
So based on our fundamental and technical analysis, it looks like there is a possibility that it could go down a little bit before it goes back up so our recommendation would be if you already have a lucid in your portfolio then keep holding on to it however if you do not have any in your portfolio then hold on to buying it till their Q2 2023 results
Can Lucid Stock Reach $100?
Based on our fundamental analysis for Lucid to reach $100 dollars its market cap has to go to approx 230 Billion with a price-to-sales ratio of 24 so we can say that it is not entirely impossible but it would be very difficult to reach $100 in the near term.
However, there is a strong possibility that if there is a good market adoption for the luxury EV segment and if they manage to reach a revenue of 10 billion annually then it could hit the $100 mark sooner. As of the current data analysis, we can say that with a moderate pace, it can touch about $70 by the year 2030.
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Frequently Asked Questions
What will Lucid Stock be worth in 5 years?
Depending on how well Lucid can establish itself in the luxury EV Market Niche we expect that in the next 5 years, Lucid will cross the $50 mark.
What is Lucid Stock Price Prediction for 2025?
Lucid is expected to hit a high of about $20 by the year 2025. On the lower end, it could go as low as $13.
What is the Lucid price target for 2030?
Lucid is expected to multifold its revenue by the year 2030 by about 6-7 Billon and is expected to hit a high of about $70.
As a closing remark, we can say that Lucid has a promising future and it has set itself apart from the other EV marketers in the sense that they have positioned itself as a luxury EV maker which is a very good Niche to be in because once they start selling their vehicles and once they ramp up their production, their profit margins would be higher than other EV makers. Lucid can hit the $100 mark if they manage to capture the luxury car buyers’ market share.
However, they have to keep a close eye on the supply chain issues affecting the production and also the competition from their German luxury counterparts like Mercedes, BMW, and Audi’s EV slated to go on full throttle in coming years.
Hope you found some value in the article and got your questions answered.
Disclaimer - Please note that these predictions and analyses are for informational purposes only. We recommend our readers conduct in-depth research before investing in any stock and follow risk management techniques due to the volatile nature of the stock market.