Lucid Group Earnings Preview: Is it time to buy LCID stock?

LCID stock gains over 3% in broad market recovery.
Fed clears the path for risk assets to recover.
Lucid Group stock set for more gains if it can produce solid earnings on Thursday.

Ivan Brian FXStreet

Lucid Group followed the market in gaining just over 3% on Thursday. However, this was not a stock-specific move but rather a relief rally as the Fed proved to be more dovish than many investors had feared. This opened the way for a massive risk-on rally and the riskier side of the market took a badly needed breather.

Lucid (LCID) stock news: Best-case scenario is vehicle production unchanged

Lucid will release earnings after the close on Thursday. These will naturally be closely watched but even more so after the last set of earnings. Back on February 28, Lucid Group slashed its production guidance to 12 to 14k vehicles for 2022 when analysts had been expecting over 20k. So the question remains, did Lucid kitchen sink the bad news and get the worst case out there (a clever strategy), or is there more bad news to come? Certainly, supply chain issues have worsened since the Feb 28 release. So we do not see any retro upgrade to this delivery estimate.

The best case is that it remains unchanged, but that is a big ask to the numbers, even though we place less emphasis on them as Lucid is basically a start-up. It all about ramping up production to achieve profitability over the next few years.

For a comprehensible technical analysis on LCID stock, read Wednesday's Lucid earnings preview.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

EUR/USD keeps the bid bias just over 1.1800

EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.