The Lucid stock has overcome the fears of slipping following a loss in its 2021, Q3 earnings report to start the week on a high note by rising by 17%.
The stock had dropped Last Wednesday and Thursday but then stabilized and started rising on Friday, through Sunday; a trend it has maintained to today Monday, November 21.
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To help stock traders eying the Lucid stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Lucid stock?
Lucid stock is the stock of Lucid Group, Inc. and it trades on NASDAQ under the symbol NASDAQ: LCID.
Lucid Group, Inc. is one of the sprouting electric automakers in the US and it is headquartered in Newark, California.
Besides electric vehicles, Lucid also has investments in energy storage and original equipment manufacturing.
Should I buy the LCID stock today?
Yes, Lucid stock (NASDAQ: LCID) is a fantastic stock to buy at the moment as its market cap continues to grow.
Lucid stock price prediction
After saying strong despite registering a loss in their Q3, 2021, the value of Lucid stock is expected to rally to $60 before the end of the year as the EV market continues to rapidly grow.
$LCID stock social media coverage
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