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home / news releases / LCID - Lucid: The Knives Keep Falling

LCID - Lucid: The Knives Keep Falling

Lucid Group Inc.

2024-06-19 07:00:34 ET

Summary

  • Lucid's investors are poised to feel more pain as the industry cools down and competition intensifies.
  • Despite a 60% share price drop, the company is still overvalued with a high price-to-sales ratio.
  • The DCF simulation indicates Lucid's fair value is $2.27 billion, far below its current market cap, supporting a "Strong Sell" rating.

Investment thesis

For further details see:

Lucid: The Knives Keep Falling
Stock Information
Company Name: Lucid Group Inc.
Stock Symbol: LCID
Market: NASDAQ
Website: lucidmotors.com
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