UBS nearly doubled its stake in Lucid Group (LCID) in the fourth quarter, becoming a top institutional owner. Despite a recent uptick, Lucid’s share price has seen significant declines over the past year, while the company faces increasing losses and revenue decrease in 2023. A narrative suggests LCID is 7.6% undervalued at $11.75, based on aggressive growth projections, though its P/S ratio remains high compared to industry averages and significant risks are present.
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Evaluating Lucid Group (LCID) After UBS Nearly Doubles Its Stake
UBS nearly doubled its stake in Lucid Group (LCID) in the fourth quarter, becoming a top institutional owner. Despite a recent uptick, Lucid’s share price has seen significant declines over the past year, while the company faces increasing losses and revenue decrease in 2023. A narrative suggests LCID is 7.6% undervalued at $11.75, based on aggressive growth projections, though its P/S ratio remains high compared to industry averages and significant risks are present.