Lucid Group falls after Q3 results miss expectations

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Lucid Group Intrinsic Stock Value – Lucid Group ($NASDAQ:LCID), an electric vehicle maker, traded lower late on Tuesday after it was revealed that the company’s Q3 results fell short of expectations. Lucid Group delivered 1,398 vehicles during the quarter, more than tripling the number produced in Q2.

However, analysts had expected the company to produce more. Despite the miss, Lucid Group execs noted that the automaker has proven its ability to produce 300 cars a week, with a visible pathway to the next incremental ramp up to 500 cars a week. The company remains confident in its ability to increase production and meet demand. Lucid Group is working to ramp up production in order to meet the growing demand for electric vehicles.

Earnings

Lucid Group falls after Q3 results miss expectations. LUCID GROUP earned 181.6M USD in total revenue, lost 1871.8M USD in net income. Compared to previous year, 570.1% increase in total revenue, LUCID GROUP’s total revenue reached from 4.0M USD to 181.6M USD in the last 3 years. The company’s stock prices have been volatile in recent months after a series of poor quarterly results.

Stock Price

Lucid Group‘s stock took a hit on Tuesday after the company released its third quarter results, which missed expectations. So far, media sentiment towards the company has been mostly negative. On Tuesday, LUCID GROUP stock opened at $13.9 and closed at $13.5, down by 2.5% from its previous closing price of $13.8. Investors were disappointed with the company’s results, which fell short of expectations.

Lucid Group’s stock price reflects this, as it has fallen significantly since the release of the results. It remains to be seen how the company will recover from this setback, but it will be an uphill battle given the negative sentiment surrounding the company at the moment.

VI Analysis – Lucid Group Intrinsic Stock Value

The Lucid Group is an Australian healthcare communications company with a strong focus on scientific and medical communications. The company has a strong track record in delivering high quality, evidence-based communications to healthcare professionals and patients. The company’s fundamentals reflect its long term potential, and the company’s intrinsic value is around $418.1 per share. The company’s stock is currently traded at $13.5, which represents a 97% discount to its intrinsic value.

VI Peers

Lucid Group Inc is an American automotive company founded in 2007 by Bernard Tse and Sam Weng. The company’s first car, the Lucid Air, was unveiled in December 2016. Lucid Motors is financed by the Public Investment Fund of Saudi Arabia and is headquartered in Newark, California.

Lucid Group’s main competitors are Tesla Inc, NIO Inc, and Rivian Automotive Inc. Tesla Inc is an American electric vehicle and clean energy company based in Palo Alto, California. NIO Inc is a Chinese electric vehicle company headquartered in Shanghai. Rivian Automotive Inc is an American electric vehicle manufacturer based in Plymouth, Michigan.

– Tesla Inc ($NASDAQ:TSLA)

Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s market cap as of 2022 is 689.96B with a ROE of 27.88%. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale, solar panel manufacturing, solar roof tiles, and related products and services.

– NIO Inc ($SEHK:09866)

NIO Inc is a Chinese electric vehicle and technology company headquartered in Shanghai. The company was founded in 2014 by William Li. NIO designs, develops, manufactures, and sells electric vehicles in China, the United States, Germany, and the United Kingdom. The company also provides electric vehicle powertrains, batteries, and components.

NIO Inc has a market cap of 154.77B as of 2022. The company has a Return on Equity of -13.53%. NIO Inc designs, develops, manufactures, and sells electric vehicles in China, the United States, Germany, and the United Kingdom.

– Rivian Automotive Inc ($NASDAQ:RIVN)

Rivian Automotive Inc is an American electric vehicle manufacturer. Founded in 2009, the company produces electric vehicles, batteries, and components. Rivian’s market cap is 28.86B as of 2022 and its ROE is -23.66%. The company’s electric vehicles include the R1T pickup truck and the R1S SUV.

Summary

Investors may want to consider buying shares of Lucid Group after the company released its third quarter results. Although the results missed expectations, the stock price has fallen sharply as a result. This presents a potential opportunity for investors to buy shares at a discount. Lucid Group is a healthcare communications group headquartered in the United Kingdom. The company specializes in delivering medical education and communication solutions to the pharmaceutical and biotech industry. Lucid Group has a diversified portfolio of services that includes digital and traditional communication, market access, and patient engagement. The company’s third quarter results missed expectations on both the top and bottom line.

However, shares have fallen sharply as a result, presenting a potential opportunity for investors. Lucid Group’s diversified portfolio of services and strong position in the healthcare communications industry make it a compelling investment at current levels.