Lucid Group Inc LCID shares are trading lower by 3.81% to $8.46 Friday morning on continued downward momentum after the company on Wednesday reported worse-than-expected fourth-quarter revenue. The company issued 2023 production guidance of 10,000 to 14,000 vehicles.
So What's Going On With Lucid?
Lucid shares are experiencing marked weakness after the company reported mixed fourth-quarter results and provided a weak reservation update. Multiple analysts are out with bearish coverage following the print.
Lucid reported fourth-quarter revenue of $257.71 million, which missed estimates of $302.61 million...Read More
According to data from Benzinga Pro, LCID has a 52-week high of $29.05 and a 52-week low of $6.09.
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