Should You Buy Lucid While It's Below $3?
Lucid Group (NASDAQ: LCID) makes some of the best-looking electric vehicles in the U.S. They've won accolades from automotive publications, and offer some of the EV world's longest battery ranges. So you might assume the EV start-up would have a rapidly rising share price to boot. But that's not the case. Lucid's shares have plunged by 86% over the past three years, while the S&P 500 has gained 41%.With its shares trading for less than $3, is Lucid stock a buy now? Continue reading
Lucid Group (NASDAQ: LCID) makes some of the best-looking electric vehicles in the U.S. They've won accolades from automotive publications, and offer some of the EV world's longest battery ranges.
So you might assume the EV start-up would have a rapidly rising share price to boot. But that's not the case. Lucid's shares have plunged by 86% over the past three years, while the S&P 500 has gained 41%.
With its shares trading for less than $3, is Lucid stock a buy now?
