Lucid motors stock price options market data show heightened

Options market data show heightened open interest in Lucid Motors stock price puts around the $3 strike, hinting at market hedging against potential further declines. Sell-side analysts are not too bullish on LCID, and it has a “Strong Buy” rating from only two of the 14 analysts covering the stock. Ten analysts rate it as a “Hold,” while one each rates it as a “Moderate Sell” and “Strong Sell.” LCID trades above its mean target price of $19.37, while the Street-high target price of $30 represents a potential upside of over 50% from the current price levels. Rivian and Lucid focused on different consumer markets. Lucid's luxury Air sedan boasted leading battery range and performance technology. That came with a high price tag, though, leaving only wealthy consumers as the target. Rivian began to offer what Tesla didn't -- electric pickup trucks and a large SUV. Lucid Motors stock price is stuck in a narrow band, between $3.48 and $3.63, aligning with light institutional buying in recent weeks based on SEC filings.