Lucid Group Stock Price on April 12, 2024
LCID Stock | USD 2.74 0.04 1.44% |
If you're considering investing in Lucid Stock, it is important to understand the factors that can impact its price. As of today, the current price of Lucid stands at 2.74, as last reported on the 29th of May, with the highest price reaching 2.88 and the lowest price hitting 2.73 during the day. Lucid Group has Sharpe Ratio of -0.0537, which conveys that the firm had a -0.0537% return per unit of risk over the last 3 months. Lucid exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lucid's Standard Deviation of 3.99, risk adjusted performance of (0), and Mean Deviation of 2.9 to check out the risk estimate we provide.
At present, Lucid's Common Stock Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 266.2 M, whereas Liabilities And Stockholders Equity is forecasted to decline to about 5.8 B. . At present, Lucid's Price To Book Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Fair Value is expected to grow to 1.98, whereas Price Earnings Ratio is forecasted to decline to (3.25). Lucid Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Lucid |
Sharpe Ratio = -0.0537
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | LCID |
Estimated Market Risk
4.06 actual daily | 35 65% of assets are more volatile |
Expected Return
-0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Lucid is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Lucid by adding Lucid to a well-diversified portfolio.
Price Book 1.4773 | Enterprise Value Ebitda (2.12) | Price Sales 10.1076 | Shares Float 885.9 M | Wall Street Target Price 3.02 |
Related Headline
American Axle Headline on 12th of April 2024
Disposition of 17603 shares by Michael Lynch of American Axl... by Michael Lynch
Filed transaction by American Axle Manufacturing Officer President Coo. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Lucid Valuation on April 12, 2024
It is possible to determine the worth of Lucid on a given historical date. On April 12, 2024 Lucid was worth 2.5 at the beginning of the trading date compared to the closed value of 2.49. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Lucid stock. Still, in general, we apply an absolute valuation method to find Lucid's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Lucid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Lucid's related companies.
Open | High | Low | Close | Volume | |
2.66 | 2.69 | 2.50 | 2.50 | 28,241,737 | |
04/12/2024 | 2.50 | 2.53 | 2.42 | 2.49 | 18,561,550 |
2.51 | 2.52 | 2.40 | 2.43 | 19,300,882 |
Backtest Lucid | | | Lucid History | | | Lucid Valuation | Previous | Next |
Lucid Trading Date Momentum on April 12, 2024
On April 15 2024 Lucid Group was traded for 2.43 at the closing time. The top price for the day was 2.52 and the lowest listed price was 2.40 . The trading volume for the day was 19.3 M. The trading history from April 15, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.41% . The trading delta at closing time against the current closing price is 4.02% . |
Lucid Group Fundamentals Correlations and Trends
By evaluating Lucid's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Lucid's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Lucid financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Lucid Stock history
Lucid investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Lucid is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Lucid Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Lucid stock prices may prove useful in developing a viable investing in Lucid
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 2.1 B | 2.2 B | |
Net Loss | -1.2 B | -1.2 B |
Lucid Stock Technical Analysis
Lucid technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Lucid Period Price Range
Low | April 12, 2024
| High |
2.50 | 2.49 |
Lucid May 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Lucid stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lucid shares will generate the highest return on investment. By undertsting and applying Lucid stock market strength indicators, traders can identify Lucid Group entry and exit signals to maximize returns
Accumulation Distribution | 807024.0 | |||
Daily Balance Of Power | (0.09) | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 2.47 | |||
Day Typical Price | 2.48 | |||
Price Action Indicator | 0.01 | |||
Period Momentum Indicator | 0.25 |
Lucid Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Lucid's price direction in advance. Along with the technical and fundamental analysis of Lucid Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Lucid to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.25) | |||
Treynor Ratio | (0.04) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lucid Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Lucid Stock analysis
When running Lucid's price analysis, check to measure Lucid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lucid is operating at the current time. Most of Lucid's value examination focuses on studying past and present price action to predict the probability of Lucid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucid's price. Additionally, you may evaluate how the addition of Lucid to your portfolios can decrease your overall portfolio volatility.
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Lucid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lucid. If investors know Lucid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lucid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.23) | Revenue Per Share 0.281 | Quarterly Revenue Growth 0.156 | Return On Assets (0.24) | Return On Equity (0.65) |
The market value of Lucid Group is measured differently than its book value, which is the value of Lucid that is recorded on the company's balance sheet. Investors also form their own opinion of Lucid's value that differs from its market value or its book value, called intrinsic value, which is Lucid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lucid's market value can be influenced by many factors that don't directly affect Lucid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lucid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.