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Lucid Group, Inc. (LCID) Stock Moves -0.81%: What You Should Know
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Lucid Group, Inc. (LCID - Free Report) closed at $17.16 in the latest trading session, marking a -0.81% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Coming into today, shares of the company had lost 11.28% in the past month. In that same time, the Auto-Tires-Trucks sector lost 7.6%, while the S&P 500 lost 8.06%.
Investors will be hoping for strength from Lucid Group, Inc. as it approaches its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.15 per share and revenue of $1.51 billion. These totals would mark changes of +78.3% and +5461.1%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Lucid Group, Inc.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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Lucid Group, Inc. currently has 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 147, putting it in the bottom 42% 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) Stock Moves -0.81%: What You Should Know
Lucid Group, Inc. (LCID - Free Report) closed at $17.16 in the latest trading session, marking a -0.81% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq added 0.08%.
Coming into today, shares of the company had lost 11.28% in the past month. In that same time, the Auto-Tires-Trucks sector lost 7.6%, while the S&P 500 lost 8.06%.
Investors will be hoping for strength from Lucid Group, Inc. as it approaches its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.15 per share and revenue of $1.51 billion. These totals would mark changes of +78.3% and +5461.1%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Lucid Group, Inc.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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Lucid Group, Inc. currently has 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 147, putting it in the bottom 42% 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.