What Is Lucid Stock Price?

The shares of Lucid Group are listed on the NASDAQ stock exchange, which is the second biggest stock exchange in the world. The stock of the EV manufacturer trades under the ticker NASDAQ: LCID. The current Lucid stock price is $7.55.

What Will Lucid Stock Be Worth In 5 Years?

Analysts are expecting a recession to hit the US economy in the latter half of this year. If this happens, then the sales of electric vehicles might see a sharp decline in the next 18 months. It will be very difficult for the company to launch its upcoming SUV Lucid Gravity in a recession-struck environment.

Why Is Lucid Stock Dropping?

Lucid was publicly listed via its merger with a Special Purpose Acquisition Company (SPAC) in July 2021. Due to the bull market, most of the SPACs became overvalued in 2021. Therefore, these stocks got hit the most in the following bear market. The high interest rates further intensified the selling pressure on Lucid share price, which is 88% down from its 2021 highs.

How To Buy Lucid Stock?

You can buy Lucid shares from any reliable online broker. These brokers provide different investment products (CFDs, Futures, Spots, Options etc.) for you to gain exposure to Lucid stock from the comfort of your home. You just need to go to a physical stock exchange to buy the shares. Robinhood, Exness, TD Ameritrade, Fidelity, and Interactive Brokers are some of the most popular online brokers.

When Will Lucid Stock Go Up?

As long as the NASDAQ: LCID keeps trading below $10.72, there is no chance of any recovery. While there can be little pumps in the coming weeks, the broader outlook on the stock will remain bearish until the price breaks above the $17.5 level. The tech stocks may see a relief rally as soon as the Fed pivot and decrease interest rates.