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Lucid Group, Inc. (LCID) Gains As Market Dips: What You Should Know
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In the latest trading session, Lucid Group, Inc. (LCID - Free Report) closed at $21.70, marking a +0.14% move from the previous day. This change outpaced the S&P 500's 1.69% loss on the day. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, added 0.14%.
Heading into today, shares of the company had lost 5.45% over the past month, lagging the Auto-Tires-Trucks sector's gain of 13.53% and the S&P 500's gain of 7.88% in that time.
Lucid Group, Inc. will be looking to display strength as it nears its next earnings release.
Any recent changes to analyst estimates for Lucid Group, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Lucid Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Lucid Group, Inc. (LCID) Gains As Market Dips: What You Should Know
In the latest trading session, Lucid Group, Inc. (LCID - Free Report) closed at $21.70, marking a +0.14% move from the previous day. This change outpaced the S&P 500's 1.69% loss on the day. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, added 0.14%.
Heading into today, shares of the company had lost 5.45% over the past month, lagging the Auto-Tires-Trucks sector's gain of 13.53% and the S&P 500's gain of 7.88% in that time.
Lucid Group, Inc. will be looking to display strength as it nears its next earnings release.
Any recent changes to analyst estimates for Lucid Group, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Lucid Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.