Lucid Group, Inc.’s (NASDAQ:LCID) P/S Is Still On The Mark Following 45% Share Price Bounce
Lucid Group, Inc. (NASDAQ:LCID) shares have had a really impressive month, gaining 45% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 13% over that time.
After such a large jump in price, when almost half of the companies in the United States’ Auto industry have price-to-sales ratios (or “P/S”) below 1.2x, you may consider Lucid Group as a stock not worth researching with its 10.9x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
