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After another year of poor performance, ) investors are perhaps looking to 2024 as the year LCID stock finally embarks on a comeback.
Source: https://investorplace.com/market360/2023/12/not-even-a-new-bull-market-can-save-lcid-stock/
Don’t get your hopes up, as major financial issues could weigh heavily on LCID stock in 2023.
Source: https://investorplace.com/2023/03/why-now-is-not-the-time-to-buy-lucid-stock/
I would therefore avoid LCID stock with better investment ideas where companies are delivering robust cash flows.
Source: https://investorplace.com/2023/07/3-ev-stocks-to-sell-before-they-damage-your-portfolio/
Several equities analysts have recently issued reports on LCID shares.
This Public Fund Just Bought a Chunk of LCID Stock.
Source: https://investorplace.com/2023/01/this-public-fund-just-bought-a-chunk-of-lcid-stock-should-you/
Trading at a 52-week high of nearly $18 per share following news the company would receive funding from the Saudi government, shares of LCID stock have since sunk to below $6 per share at the time of writing.
Source: https://investorplace.com/2023/09/lcid-stock-analysis-is-now-the-right-time-to-buy-sell-or-hold/
Weighing the bevy of bad news regarding LCID stock lately, against the positive of a upward trending broad market, it’s clear the bad still outweighs the good (improvements to the economic environment) here.
Source: https://investorplace.com/market360/2023/12/not-even-a-new-bull-market-can-save-lcid-stock/
While I believe LCID is a buy, I urge investors to wait and see if the support level holds before taking a new position or averaging down.
With this, some investors may be curious whether going against the crowd on LCID is something to consider.
Source: https://investorplace.com/2023/03/what-analysts-are-saying-about-lcid-stock-now/