What do you think od lcid

**Lucid Group's stock performance and prospects show a mixed picture**:

1. **Financial Performance**: Lucid Group has demonstrated strong revenue growth, with a year-over-year increase of 32.95% as of Q2 2024, amounting to a 3-year revenue CAGR of 368.58%. However, the company has reported significant losses, with a net income loss of $643.39 million and a diluted EPS of -$0.34 for the same period. The net income has grown by 15.81% year-over-year, and the 3-year net income CAGR stands at 4.71%.

2. **Stock Price and Market Sentiment**: LCID's stock price has experienced fluctuations, with a recent positive change of 0.15% and a closing price of $3.43 on October 8, 2024. The consensus rating is neutral, with an average price target of $3.2, suggesting a potential upside from the current price. However, analysts have set a lower price target, with some rating the stock as "Neutral" or "Hold," indicating a cautious outlook.

3. **Market Position and Future Prospects**: Lucid Group has been innovating in the electric vehicle (EV) market, with advanced technology and plans to diversify its lineup. The company has set a new record for vehicle deliveries in Q3 2024, delivering 2,781 vehicles, surpassing expectations. This momentum could translate into continued growth, although challenges in achieving profitability and negative gross margins are evident.
4. **Technical Indicators**: The stock's technical indicators show a potential upside, with a 5-day price forecast indicating a higher price than the current price. However, the 3-month price forecast suggests a lower price target, which could reflect market skepticism.

In conclusion, while Lucid Group shows promising signs of growth, particularly in its revenue and delivery numbers, the negative net income and the cautious analyst sentiment suggest a need for careful consideration. Investors should weigh the company's technological advancements, production milestones, and financial challenges before making an investment decision.