Lucid Group, Inc. (NASDAQ:LCID) is one of the best long-term penny stocks to buy right now. In a report released on August 21, Tom Narayan from RBC Capital maintained a Hold rating on Lucid Group, Inc. (NASDAQ:LCID), setting a price target of $2.00.
Lucid Group, Inc. reported its fiscal Q2 2025 results on August 5, announcing that it produced 3,863 vehicles in the quarter and delivered 3,309 vehicles, up 38.2% compared to fiscal Q2 2024.
Revenue for the quarter reached $259.4 million, with a GAAP diluted net loss per share of $0.28.
Lucid Group, Inc. ended fiscal Q2 2025 with around $4.86 billion in total liquidity and revised its production outlook for 2025 to 18,000 – 20,000 vehicles from prior guidance of 20,000 vehicles.
Lucid Group, Inc. is a manufacturer of electric vehicles. The company develops, designs, and builds energy storage systems for EVs and provides automakers with the battery pack system necessary to power plug-in, hybrid, and electric vehicles.
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This article is originally published at Insider Monkey.
