Lucid Group Inc (NASDAQ:LCID) shares are trading higher by 6.3% to $3.21 during Monday's session, rebounding after selling off following earnings last week. The company on Monday said it is showcasing three new electric luxury vehicles at the Geneva International Motor Show from February 26 to March 3: the SUV Gravity, the Air Sapphire and the Rear-Wheel-Drive version of the Air Pure.
Lucid says these vehicles feature proprietary technology offering short charging times and long ranges. Lucid plans to expand its presence in Europe with additional retail spaces and service offerings, including more Lucid Studios and an expanded service network.
The company also introduced new models and services, such as the efficient Lucid Air Pure RWD, the luxury SUV Lucid Gravity and the high-performance Lucid Air Sapphire. Lucid is including a Wallbox charging station and maintenance service with the purchase of a Lucid Air.
Is LCID A Good Stock To Buy?
Wall Street analysts view Lucid on the whole as a Neutral, given the history of coverage over the past three months. John Murphy from B of A Securities in Lucid Gr is the most bearish, expecting a 35.71% fall in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Lucid Gr fell 26.81%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which fell 39.02% over the past year.
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LCID has a 52-week high of $9.26 and a 52-week low of $2.54.