Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Long struggle leading LCID to head towards its fresh 52-week low.&nbsp;</a> </li> 
 <li> <span>2</span> <a>When writing, LCID stock was trading below 20, 50, 100, and 200 days EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>In Q2 2023, Lucid Group Inc. reported 16.91% less revenue than estimated figures.&nbsp;</a> </li> 
</ul> 
<p>LCID stock price declined 16.05% in the past week and 17.33% in the monthly time frame. When writing, the Lucid Group Inc. shares were trading at $4.34 and below 20,50,100 and 200-day EMA.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-lcid-stock-price-analysis-strong"><strong>LCID Stock Price Analysis&nbsp;</strong></h2> 
<p>In the past 52 weeks, LCID stock price peaked at $17.81 and its lowest trading price was $4.14. The annual price target of the company’s stock was $7.38, the target is 69.93% greater than its press time trading price.&nbsp;</p> 
<p>The MACD and signal line suggest a bearish motion and the histogram reflects bears accumulation below the zero line. The RSI line is moving adjacent to the boundary line of the bear’s region.&nbsp;</p> 
<p>Lucid Group, Inc. has a market capitalization of $9.907 Billion data from companiesmarketcap(dot)com states that a decline of 20.67% in the market cap of the company is seen in 2023.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1080" height="571" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-685.png" alt="Continuous Decline Leading LCID Stock Towards Fresh 52 Weeks Low&nbsp;" class="wp-image-177922" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-685.png 1080w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-685-300x159.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-685-1024x541.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-685-768x406.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-685-750x397.png 750w" sizes="(max-width: 1080px) 100vw, 1080px">
  <figcaption class="wp-element-caption">
   Source: LCID stock price chart from <a href="https://www.tradingview.com/x/WUcmXqU5/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>Since October 18, 2023, a major decline in LCID’s stock trading price was seen, and even the trading volume. The decline was further continued on October 19th and October 20, 2023. The average trading volume of LCID shares is 32.856 Million.&nbsp;&nbsp;</p> 
<p>TradingView data states that the majority of LCID shares are closely held and the remaining 37.40% are free-floating in the market.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-lucid-group-inc-financial-updates-strong"><strong>Lucid Group Inc. Financial Updates&nbsp;</strong></h3> 
<p>In Q2 2023, Lucid Group Inc. reported 16.91% less revenue than estimated figures; the estimated revenue for the quarter was $181.58 Million. The reported EPS of the company for the quarter was 17.03% less than the estimated EPS.&nbsp;</p> 
<p>The expected revenue for the upcoming quarter is $196.21 Million and the EPS is negative $0.36. In the financial year 2022, the company reported $608.18 Million from which its net income was negative $1.30 Billion and profit margin was negative 214.49%.&nbsp;&nbsp;</p> 
<p>In the long term, the total liabilities of the company are $2.59 Billion and assets are $2.97 Billion.&nbsp;</p> 
<p>Lucid Group Inc. manufactures electric vehicles. It designs, develops, and builds energy storage systems for electric vehicles and supplies automakers with the battery pack system needed to power hybrid, plug-in, and electric vehicles.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p> In the past few months <a href="https://www.thecoinrepublic.com/2023/10/12/lcid-stock-price-sheds-23-close-to-registering-new-52-weeks-low/" target="_blank" rel="noreferrer noopener">LCID share</a> seems to be struggling below 20 days EMA and its price slips 16.05% in a week. In the monthly and quarterly time frame, Lucid stock price declined by over 17% and 39%.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $4.14 and $3.90&nbsp;</p> 
<p>Resistance Level: $5.14 and $5.23</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Continuous Decline Leading LCID Stock Towards Fresh 52 Weeks Low

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