I still think CCIV stock (the new symbol will be LCID after the merger) is at least 33% undervalued, based on my model, described in my prior articles. I can walk you through the highlights in this article.
Similarly, Is CCIV a buy Zacks?
The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is CCIV long-term hold? After it’s merger with EV maker Lucid Motors, investors hope that the stock prices will grow over time. However, because Lucid Motors is a startup, it might take a while for it to gain standing in the EV market. Therefore, the CCIV is a good long-term stock that requires a patient investor.
Thereof, Will the CCIV stock go up?
Will Churchill Capital Corp IV stock price grow / rise / go up? Yes. The CCIV stock price can go up from 24.250 USD to 42.323 USD in one year.
Why is CCIV going up?
CCIV stock is getting a boost as investors salivate at the potential valuation of a special purpose acquisition company (SPAC) merger with electric vehicle (EV) maker Lucid Motors. The goal is for the SPAC to take Lucid Motors public with a reverse merger.
Will CCIV become LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.
What will lucid stock be worth in 5 years?
The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.
Will CCIV shares convert to LCID?
Shareholders approved the long-awaited merger between Churchill Capital and Lucid (NASDAQ:LCID) on Friday. This was the last roadblock to making the deal a reality. As such, as of Monday, CCIV stock has converted into LCID stock. The company is known as Lucid Group and trades on the Nasdaq.
Is CCIV going to merge with Lucid?
Lucid shareholders approve SPAC merger to enter Nasdaq
$CCIV $LCID prnewswire.com/news-releases/… Lucid CEO and CTO Peter Rawlinson, shared his thoughts on the approved merger: We are thrilled to complete our business combination with Churchill IV and become a public company.
Who is CCIV stock?
Churchill Capital IV [Lucid Motors] (CCIV)
When did CCIV go public?
Lucid Motors will be going public through a SPAC merger with Michael Klein’s Churchill Capital Corp IV (NYSE: CCIV) on July 23.
Where is LCID located?
Lucid Motors (Nasdaq: LCID) is based in Newark, California, but it chose to build its manufacturing facility in Pinal County, about an hour south of Phoenix. An aerial view of Lucid Motors’ plant in Casa Grande.
What was the CCIV float?
Churchill Capital Corp IV currently has a public float of 206,870,000 shares.
When CCIV ticker change to Lucid?
Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. (« Lucid »), will be listed on The Nasdaq Stock Market LLC (« Nasdaq ») beginning on July 26, 2021 under the ticker symbols « LCID » and « LCIDW, » respectively. Units will no longer trade separately.
What will Lucid Motors be worth in 2025?
Is Lucid stock like Tesla?
Lucid resembles a smaller version of Tesla, but the stock already trades at about 30 times its goal of generating $2.2 billion in sales in 2022. Tesla currently trades at just 14 times next year’s sales.
Does Lucid have a future?
Lucid claims to have sufficient capital to keep factories operating through 2022 and meet the production goals of 20,000 cars in 2022 and 50,000 vehicles in 2023. Based on hopes for the future, investors in Lucid have endowed the company with a market capitalization that rivals that of the Ford Motor Company.
How many shares of LCID are outstanding?
Share Statistics
| Avg Vol (3 month) 3 | 33.11M |
|---|---|
| Shares Outstanding 5 | 1.65B |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 567.68M |
| % Held by Insiders 1 | 3.71% |
How do I invest in LCID?
Find the stock by name or ticker symbol – LCID – and research it before deciding if it’s a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.
How do I buy LCID stock?
You can buy Lucid Motors stock now under the ticker ‘LCID’ on the Nasdaq exchange. As a result of the merger, Churchill Capital and Lucid Motors were renamed Lucid Group and shares of CCIV switched over to the LCID ticker.
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