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Lucid Group, Inc. (LCID) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Lucid Group, Inc. (LCID - Free Report) closed at $42.22, marking a +1.96% move from the previous day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 0.42%.
Heading into today, shares of the company had gained 3.4% over the past month, lagging the Auto-Tires-Trucks sector's gain of 5.78% and outpacing the S&P 500's gain of 0.22% in that time.
Lucid Group, Inc. will be looking to display strength as it nears its next earnings release.
Investors might also notice recent changes to analyst estimates for Lucid Group, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.55% lower. Lucid Group, Inc. is currently a Zacks Rank #4 (Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lucid Group, Inc. (LCID) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Lucid Group, Inc. (LCID - Free Report) closed at $42.22, marking a +1.96% move from the previous day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 0.42%.
Heading into today, shares of the company had gained 3.4% over the past month, lagging the Auto-Tires-Trucks sector's gain of 5.78% and outpacing the S&P 500's gain of 0.22% in that time.
Lucid Group, Inc. will be looking to display strength as it nears its next earnings release.
Investors might also notice recent changes to analyst estimates for Lucid Group, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.55% lower. Lucid Group, Inc. is currently a Zacks Rank #4 (Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.