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Lucid Group, Inc. (LCID) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Lucid Group, Inc. (LCID - Free Report) closed at $36.97, marking a -0.03% move from the previous day. This change lagged the S&P 500's 0.14% gain on the day. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq lost 0.33%.
Prior to today's trading, shares of the company had lost 30.2% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 1.92% and the S&P 500's gain of 4.32% in that time.
Wall Street will be looking for positivity from Lucid Group, Inc. as it approaches its next earnings report date.
Any recent changes to analyst estimates for Lucid Group, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Lucid Group, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LCID in the coming trading sessions, be sure to utilize Zacks.com.
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Lucid Group, Inc. (LCID) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Lucid Group, Inc. (LCID - Free Report) closed at $36.97, marking a -0.03% move from the previous day. This change lagged the S&P 500's 0.14% gain on the day. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq lost 0.33%.
Prior to today's trading, shares of the company had lost 30.2% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 1.92% and the S&P 500's gain of 4.32% in that time.
Wall Street will be looking for positivity from Lucid Group, Inc. as it approaches its next earnings report date.
Any recent changes to analyst estimates for Lucid Group, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Lucid Group, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LCID in the coming trading sessions, be sure to utilize Zacks.com.