Is Lucid Stock a Buy Right Now?

By Parkev Tatevosian, CFA – Nov 28, 2022 at 10:36AM

NASDAQ: LCID

Lucid Group

Market Cap

$6B

Today's Change

(5.88%) $0.14

Current Price

$2.52

Price as of April 23, 2024, 4:00 p.m. ET

EV stocks are popular among investors right now, and Lucid could be an excellent option.

Lucid Group (LCID 5.88%) is progressing on the luxury end of the electric vehicle market. In this video, I will use my six-step framework to determine if Lucid stock is a buy.

Stock prices used were the afternoon prices of Nov. 25, 2022. The video was published on Nov. 26, 2022.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.