Buy Lucid Motors Shares: Price and Forecast
Published: 7 December 2021 by Andrew
Electric cars are revolutionizing the sector with incredible speed, so much so that investors are wondering whether to buy Lucid Motors shares, a recently listed stock on NASDAQ, which is proposing itself as a new international competitor in this market segment.
The company headquarters is in Newark, California, but there are other branch offices, with some very futuristic manufacturing plants.
The company has just begun to deliver the first cars but the enthusiasm of the investors, as often happens in these cases, overrides the company’s fundamentals and pushes the market capitalization towards respectable levels.
In this guide we will evaluate in detail:
- Economic situation of the Company
- Market and competitors
- Industry analyst forecasts
Here is a diagram highlighting the relevant data of this company:
|Listing||👜 New York Stock Exchange|
|Sector||🧪 Electrical Vehicles|
|Turnover||💰 $ 28,5 millions (2019)|
|Best platforms||📈 eToro / Trade.com|
To buy Lucid Motors shares you need a broker, so here is a short list of the best online trading platforms on the market:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 250€
Min. Deposit: 100€
72.30% of retail CFD accounts lose money
Min. Deposit: 250€
IPO Lucid Motors
The IPO of Lucid Group (owner of Lucid Motors) took place on July 26, 2021, with a listing on the NASDAQ of the New York Stock Exchange.
In reality, the company is no longer a startup for some time, it was founded with the name of Atieva in 2007 and its core business was the production of batteries and powertrains for other vehicle manufacturers.
But in 2016 the focus of the company changed and the Californian company decided to compete directly in this market. It has been renamed Lucid Motors and has declared its intention to produce fully electric vehicles in total autonomy.
In a few years it has expanded its factories and built a production plant from scratch, precisely to quickly achieve its goals.
The first vehicles started rolling off the assembly line on September 28, 2021, long after forecasts, but the company has finally become a real manufacturer and not just a futuristic startup.
The factory, which is still nearing completion, will have a combined production capacity of approximately 400,000 cars per year.
How to Buy Lucid Motors Shares
Now that the company is listed on NASDAQ, to buy Lucid Motors shares you simply have to choose between two types of intermediaries:
- Traditional brokers, which provide for the opening of a securities account, the payment of stamp duty and trading commissions.
- CFD Brokers, who offer Contracts for Difference, do not need a securities account and offer very favorable conditions.
There is no right or wrong choice, it basically depends on your trading strategy, the capital you have available, the frequency of market operations, etc.
To understand this, if you have a fair amount of capital to invest and want to do long-term operations, buying LCID shares and keeping them for months or even years, traditional brokers can be fine, despite being quite expensive.
But if you are interested in short-term online trading, trading the short-term LCID stock, following the upward and downward swings, CFD brokers are certainly more suitable.
Here are the main advantages offered by Contracts for Difference and related brokers:
- You can Sell Short
- The initial deposit is low
- Even small investments can be made
- The trading platforms are very intuitive
- There is a Demo account to practice
Where to Buy Lucid Motors shares
Brokers are very different from each other, the choice depends on the personal tastes of each trader, but there is a requirement that a financial intermediary must never lack: The license!
License means safety and reliability. It means avoiding trading scams and trading with due protection.
All the brokers proposed in this guide are regulated, so you can’t go wrong.
In the following paragraphs you will find descriptions of the 2 best brokers to buy Lucid Motors shares: eToro and Trade.com
eToro is one of those online brokers that need no introduction, given that we are talking about a famous broker all over the world.
The over 20 million registered users confirm the high level of reliability demonstrated by this Broker and its operating platform is considered a model for all other intermediaries.
On eToro you can trade directly in shares, with direct access to the market (DMA), or CFDs, which offer you numerous financial options such as indices, commodities, currencies and cryptocurrencies.
Here’s what the Lucid Motors stock looks like on the eToro platform:
How do you buy Lucid Motors shares on eToro?
- Register on eToro
- Log into your real account (by depositing at least € 50)
- Select the Lucid Motors stock and click on “Trade”
- Decide whether to buy or sell the shares and how much to bet in the operation
Not everyone feels ready to independently trade on the markets. For this reason eToro has patented Copy Trading, a system that allows you to copy the market operations of the most experienced traders of the platform, chosen by you from the vast community of eToro investors.
In this way you will get the same returns (based on how much you have invested) of the traders you have decided to copy.
Here are some examples of traders with their return rates:
Past performance is no guarantee of future returns.Click here and choose which traders to copy
Trade.com is a very widespread financial intermediary both in our country and internationally, thanks to the seriousness demonstrated over the years and the numerous licenses and authorizations obtained.
The availability of securities and assets is very wide and always up-to-date. You can trade CFDs linked to stocks, commodities, indices, cryptocurrencies, forex, etc. without paying trading fees.
But it must be said that its popularity derives primarily from the quality of its training services, first of all a very complete and totally free Trading Course.
This pdf lays the foundations for technical analysis without exceeding the technicalities and the Broker has decided to make it available to everyone, even to those who are not yet a Trade.com customer.
Here is the link to download the Trading Course for free:Download the Trading Course for free by clicking here
This Broker offers its members two operating platforms: MetaTrader 4 and the Web Platform.
To buy Lucid Motors shares on Trade.com you have to follow these simple guidelines:
- Register for free on Trade.com
- Log into your real account by depositing at least € 100
- Choose the trading platform
- Select the Lucid Motors stock and click on “Buy” to buy or “Sell” to sell short
- Decide how much to invest in the operation
Lucid Motors NASDAQ Shares
The company delivered its first vehicles with great fanfare on October 30, 2021, and the successful initial public offering (IPO) of direct competitor Rivian Automotive less than two weeks later triggered a second wave of purchases on the NASDAQ-listed stock.
But before we can say whether or not it is a good investment, we need to go into the details of the company’s fundamentals.
Lucid Motors Business Model
Lucid Motors’ business model is organized to build luxury electric cars on their own. Which also means producing the various necessary components, such as batteries and motors.
This choice is not always the right one, but since Tesla has aimed to achieve “everything in house”, the various competitors are also moving in that direction, despite the commitment and investments that this solution entails.
Here are some relevant data from Lucid Group:
- Listing: NASDAQ
- Ticker: LCID
- Sector: cars
- Established: 2007
- Founders: Bernard Tse, Sam Weng
- Headquarters: Newark, California (USA)
- CEO: Peter Rawlinson
- President: Andrew Liveris
- Number of employees 2,000 (February 2021)
Buy Lucid Motors shares: is it worth it?
Many investors have taken profits from Rivian stock after its peak and are looking to do the same with the Lucid stock.
But unlike its rival, Lucid shares have risen by over 90% in the last month alone, without suffering a subsequent drawdown. This has led some investors to wonder if it is too late to buy Lucid Group shares.
From the graph below you can see the trend of the stock, which shows high volatility and therefore a certain convenience, especially for traders who will be able to follow the short-term fluctuations:
ISIN Lucid Motors
The Lucid Group ISIN code is US5494981039.
Lucid Motors competitors
This innovative company competes with the world’s leading automotive companies, especially with those with a greater electric vocation, such as:
- Faraday Future
- Li Auto
Lucid Motors shares forum
In the stock exchange forums we often talk about Lucid Motros, especially about the delay in the delivery of his first cars.
In fact, what really caught the attention of investors was the recognition of Lucid’s luxury sedan as MotorTrend’s car of the year 2022. That award gave Lucid Motors a big prominence in the luxury car landscape.
However, we advise against looking for financial information on the trading forums, you often find fake news and even worse, some traders may try to scam you.
If you want to compare yourself with experienced traders and verify their real value and investment capabilities, take a look at eToro Social Trading.
Lucid Motors Previsions
The hype generated by the initial deliveries helped Lucid increase bookings for the other outgoing models, which grew by 30%.
But we started with small numbers and the total number of cars booked is just over 17,000 vehicles, nothing exciting.
The increased interest in Lucid shares led to an increase in market capitalization to $ 85 billion, which is not justified by any short-term sales volume. So investors need to follow short-term swings if they want to get any returns from this stock, which is considered a classic example of growth investing.
Here is what the major international analysts think of Lucid Group:
- BTIG Research began hedging on Lucid Group shares and issued a “buy” rating and a $ 14.00 price target on the stock.
- Morgan Stanley raised its Lucid Group share price target from $ 12.00 to $ 16.00 and gave the stock an “underweight” rating
- Zacks Investments Research downgraded Lucid Group shares from a “pending” rating to a “sell” rating.
- Citigroup raised its Lucid Group share price target from $ 28.00 to $ 57.00 and assigned the stock a “buy” rating.
- Bank of America raised its Lucid Group share price target from $ 30.00 to $ 60.00 and assigned the stock a “buy” rating.
Buy Lucid Motors Shares: Target Price
4 Wall Street analysts have published twelve-month price targets for Lucid Group shares.
Their 12-month average target price expects Lucid Group’s share price to hit $ 57.00 within the next year.
The Lucid Group share price is not supported by fundamentals, but this often happens in the world of tech startups.
Analysts are hesitant over the long term, but they agree that in the short term the volatility of these stocks can generate high profits for traders who know how to take advantage of them.
The CFD brokers that we have proposed in this guide are the ideal solution for this kind of high frequency investments: They are reliable, cheap and simple to use.
Here are the links to test your best strategy in Demo, without risking money:
- Access the eToro Demo account by clicking here
- Register on Trade.com and try the Demo account by clicking here
Lucid was listed on the stock exchange on July 26, 2021
The Lucid Group ISIN code is US5494981039.
The 12-month average target price for Lucid Group shares is $ 57.00.
With eToro, a Broker that allows you to buy the stock directly or to trade it through CFDs.