Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>In the weekly time frame, LCID stock price grew over 12.40% and surpassed the 20-day EMA.&nbsp;</a></li>
 <li><span>2</span> <a>In the 52-week time frame, LCID stock price peaked at $17.81 and its lowest trading price was $3.96.</a></li>
 <li><span>3</span> <a>The reported EPS of the company slipped by 17.03% and the reported EPS was negative $0.40.&nbsp;</a></li>
</ul>
<p>Since the past week, LCID stock price has reflected positivity and added 12.41% to its trading price. When writing, it was trading at $4.62 with a trading volume of 32.17 Million.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-lucid-group-inc-lcid-stock-price-analysis-strong"><strong>Lucid Group, Inc (LCID) Stock Price Analysis&nbsp;</strong></h2>
<p>The weekly surge has recreated a stir in the market and bulls are aiming to hold LCID stock price at higher levels. In a month, the stock price slipped by 15.69 and lost 33.53% in a quarter.&nbsp;</p>
<p>The annual price target of Lucid Group Inc. shares is $7.02; the target is 51.88% greater than the trading price. On Friday’s trading session stock price surpassed the 20-day EMA and is aiming to break 50-day EMA in the coming session.&nbsp;</p>
<p>The MACD and the signal line are moving in the bearish region, but the histogram reflects a green signal above the zero line, which also indicates that prices are in recovery mode.&nbsp;</p>
<p>The RSI line aims to retest the region above the zero line and indicates the bulls’ dominance in the trading sessions. In the 52-week time frame, LCID stock price peaked at $17.81 and its lowest trading price was $3.96.&nbsp;</p>
<p>Lucid Group, Inc. has a market capitalization of $10.546 Billion; its market capitalization declined over 15% in 2023. TradingView data states that the majority of LCID shares are closely held and the remaining 867.895 Million shares are free-floating.&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-lucid-group-inc-lcid-financial-updates-strong"><strong>Lucid Group, Inc (LCID) Financial Updates</strong></h3>
<p>In Q2 2023, <a href="https://www.thecoinrepublic.com/2023/10/29/lucid-stock-will-earnings-positively-impact-lcid-stock-price/" rel="noopener noreferrer nofollow">Lucid Group, Inc.</a> failed to meet the analysts’ estimates and reported 16.91% less revenue. The company was supposed to report $181.58 Million, but the reported revenue was $150.87 Million.&nbsp;</p>
<p>Similarly, the reported EPS of the company slipped by 17.03% and the reported EPS was negative $0.40. For the third quarter of 2023, the estimated EPS is negative $0.36.&nbsp;</p>
<p>In the financial year 2022, Lucid Group, Inc. reported $608.18 Million in revenue from which its net income was negative $1.30 Billion and profit margin was negative 214.49%. In the long term, the total assets of the company are $2.97 Billion and its liabilities are $2.59 Billion.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: $4.30 &amp; $3.96</p>
<p>Resistance Level: $5.14 &amp; $5.62</p>
<h4 class="wp-block-heading"><strong>Conclusion:</strong>&nbsp;</h4>
<p>When writing the MACD and RSI of LCID stock were suggesting that further surge in the trading price. On Friday’s trading session, Lucid stock broke the level of 20-day EMA and is now aiming to retest the other EMAs.&nbsp;&nbsp;&nbsp;</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Lucid Group, Inc. (LCID) Stock Price Grew Over 12%; MACD Suggests Surge

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Thecoinrepublic.com

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