2024-01-05 12:42:47 ET
Shares of Lucid Group ( NASDAQ: LCID ) were on track for their seventh straight session of losses , skidding 1.5% in afternoon trading.
The EV maker fell 1.5% to $3.83 on Friday. Its shares have crashed nearly 39% over a 12-month period.
Looking at Seeking Alpha's Quant ratings , Lucid has a Hold rating with a score of 2.71 out of 5. The company scored an A- for both growth and revisions, but only managed a D- for momentum.
Turning to the Wall Street community , one out of 13 analysts rates Lucid as a Strong Buy, 11 rate it as a Hold, and one rates it a Strong Sell.
Seeking Alpha analysts at large consider the company a Sell. According to SA analyst Juxtaposed Ideas , "Lucid's prospects remain pessimistic, as the premium EV pricing becomes an inherent barrier to its mass appeal and adoption."
December was not a favorable month for the company, with nine sessions in the green and 11 sessions in the red.
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Lucid Group on track for its seventh consecutive session of losses