Lucid Group: It’s even worse than it looks!

Good sentiment picture at Lucid Group

Significant changes in sentiment or communication frequency allow precise conclusions to be drawn about the current image of a stock in social media. In the case of Lucid, a brightening of the sentiment picture was recorded in the past four weeks. We therefore rate the share as a “buy”. An increase was registered in the frequency of communication. This means that there has been more talk about the company in recent weeks. Overall, Lucid therefore receives a “buy” rating at this level.

What is Lucid Group’s price potential?

If analysts’ long-term opinions are anything to go by, Lucid’s stock will receive a “hold” rating. Overall, there are the following ratings3 Buy, 3 Hold, 1 Sell. In a second view, the analysts’ rating for the past month is also interesting. Here the following picture emerged0 Buy, 1 Hold, 0 Sell. Thus, the latest analyses lead to an overall rating of Hold. Finally, the analysts’ price target for the overall valuation of the share is also interesting. This is set at USD 28.6. This would give the stock a future performance of 182.05 percent, as it currently costs $10.14. This performance leads to a “Buy” rating. For the overall analyst assessment, we as the editorial team assign an overall rating of “Hold”.

Is investor sentiment dimming?

Investor sentiment is an important sentiment indicator for assessing a stock. Recently, the share of Lucid was also in the focus of discussions in the social media. Thereby, mainly and in majority negative opinions were published. In addition, the opinion market has been particularly preoccupied with the negative topics surrounding Lucid in recent days. This circumstance triggers an overall “sell” rating. Further studies and investigations of the communicative activities show on the analytical side that in particular “Sell” signals were given. There were three signals (3 Sell, 0 Buy). The overall result at this level is therefore a “sell” signal. In summary, the analysis of investor sentiment thus results in an overall “Sell” rating.

Technical Analysts Pessimistic

A look at the chart performance of a stock using the moving average can be used to determine the current trend of the security. Let’s look at the moving average of Lucid’s closing share price from the last 200 trading days. This value is currently $18.13. This is significantly lower than the last closing price (USD 10.14) (difference -44.07 percent). On this basis, we thus rate the share as “Sell” How does this calculation look if the moving average is determined on the basis of the last 50 trading days? The last closing price for this stock ($12.9) is also below the moving average (-21.4 percent), so Lucid stock receives a “Sell” rating for this as well. Lucid stock is thus given a “Sell” rating for the simple chart technique in aggregate.