Lucid Motors, the luxury electric vehicle maker, saw its stock shoot up another 24% Tuesday, Nov. 16, to bring its market cap close to $90 billion. That's more than storied automaker Ford. Electric vehicle stocks have been soaring amid strong interest in Tesla and the recent Rivian IPO.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Lucid Group's shares have ranged in value from as little as $2.35 up to $8.37. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Lucid Group's is 1.021. This would suggest that Lucid Group's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $2.45
| 1 week (2024-04-18) | |
|---|---|
| 1 month (2024-03-26) | -17.51% |
| 3 months (2024-01-25) | -7.55% |
| 6 months (2023-10-26) | -39.36% |
| 1 year (2023-04-26) | -70.01% |
| 2 years (2022-04-26) | -86.44% |
| 3 years (2021-04-26) | -89.23% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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