What's Going On With Lucid Stock?

Lucid Group Inc LCID shares are trading lower by 28% to $2.12 this week after the company reported fourth-quarter financial results.

What To Know: Shares of Lucid dropped on Wednesday after the luxury EV maker reported fourth-quarter earnings and announced a leadership shakeup that raised concerns about its future direction.

Despite posting a smaller-than-expected loss of 22 cents per share, beating estimates of a 27 cents loss, and surpassing revenue expectations at $234.5 million, Lucid's stock declined as investors focused on broader concerns.

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The company meanwhile met its 2024 production target of 9,000 vehicles and forecasted 20,000 units for 2025, but questions remain about demand and profitability.

What Else: Adding to uncertainty, CEO Peter Rawlinson stepped down, transitioning to a strategic advisory role, with COO Marc Winterhoff named interim CEO. The unexpected shift has fueled speculation about internal challenges.

Analysts responded with caution—BofA Securities downgraded the stock to Underperform, slashing its price target to $1. While some analysts maintained neutral stances, the downgrade reflected doubts over Lucid's ability to scale production and compete in a tightening EV market.

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How To Buy LCID Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Lucid Group’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, LCID has a 52-week high of $4.43 and a 52-week low of $1.93.