10 Best Low Priced Stocks to Invest in For the Long Term

7. Lucid Group, Inc. (NASDAQ:LCID)

Stock Price as of May 6: $2.33

Market cap as of May 6: $6.7 billion

Number of Hedge Fund Holders: 24

Lucid Group, Inc. (NASDAQ:LCID) is a technology company that is engaged in designing, engineering, manufacturing, and selling EVs, EV powertrains, and battery systems. Cantor Fitzgerald analysts maintained a “Neutral” rating on the company’s stock with a steady price objective of $3.00. The firm’s analysts demonstrated Lucid Group, Inc. (NASDAQ:LCID)’s confirmation of its FY 2025 vehicle production guidance of 20,000 units, which aligns with their projections. Furthermore, the analysts acknowledged the company’s strong partnership with Public Investment Fund (PIF) and its advanced technology, which they opine enables its vehicles to provide increased battery efficiency, longer range, better performance, and faster charging versus other EVs.

One of Lucid Group, Inc. (NASDAQ:LCID)’s critical strengths is its advanced EV powertrain technology. Its vehicles are known for increased battery efficiency, long range, and fast charging capabilities. Furthermore, the introduction of the Gravity SUV provides a major opportunity for the company to capture a share of the profitable SUV market. The company highlighted that Lucid Gravity is produced at AMP-1 with an AV capable sensor suite, redundant electrical and control architectures, as well as the latest SoC. Lucid Group, Inc. (NASDAQ:LCID) remains focused on cost effectiveness and supply chain efficiency. Through vertical integration, it has increased control over certain components going into its vehicles. At the same time, it continues to explore numerous strategic adjustments to better align with the changing landscape, which include vehicle price changes, tariff risk mitigation, and bifurcating the supply chain.