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As Churchill Capital (NYSE:CCIV) becomes Lucid Motors, the excitement surrounding this event is consistently rising. CCIV becomes LCID on July 23 and this event will have a huge impact on CCIV stock.
Will CCIV stock become lucid?
CCIV stock will automatically convert to Lucid Motors shares when the merger is closed, and it will cease to exist in its SPAC avatar.
Are CCIV and Lucid Motors merging?
CCIV stocks ignored the positive Wall Street indices amid ‘sell the fact’ trading, as the CCIV shareholders approved the merger with Lucid Motors.
Can I buy Lucid Motors stock?
You can buy Lucid Motors stock now under the ticker ‘LCID’ on the Nasdaq exchange.
Who did Lucid Motors merge with?
Lucid Motors Debuts on Nasdaq Through Merger with Churchill Capital Corp IV | Lucid Motors.
Lucid Motors – LCID – New Info from CCIV Investor Call
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Is CCIV a buy now?
CCIV stock is a good buy now
The company forecasts revenue of $97 million in 2021, $2.2 billion in 2022, and $14 billion in 2025.
What happens to CCIV stock after lucid merger?
CCIV weaves into Lucid Motors stock
After a SPAC has successfully merged into the target company, its stock weaves into the new company. As of July 26, CCIV stock ceased to exist. Its common stock and warrants got delisted from NYSE and the company started trading under the ticker “LCID” on Nasdaq.
Is CCIV undervalued?
LCID stock, on a pro forma basis trades for just 2.9 times sales, so it is 29.2% undervalued. That implies a gain in the stock of at least 41.4% (i.e., 1 divided by (1-0.292) is 41.4%). However, if we adjust the 2024 revenue by a 15% discount rate, to account for the time value of money, it falls by 34.25%.
What is CCIV worth after merger?
Investors looking up Churchill Capital IV’s (NYSE:CCIV) market value will find a company worth just $7.5 billion – a tempting target at first glance. After all, Tesla’s (NASDAQ:TSLA) $650 billion market capitalization is almost 90 times higher.
Is Lucid overvalued?
Considering those estimates, it’s safe to say that Lucid’s stock is overvalued at the current levels, since at a market cap of $35 billion, it already trades like a legacy automaker, even though it hasn’t released a single car yet.
Why is CCIV going down?
CCIV stock is dropping due to a market sell-off in small-cap and growth stocks, as well as bearish sentiment building ahead of the shareholder merger vote. The significant fall has pushed CCIV below its 50- and 200-day moving averages, though it now looks to be much more reasonably valued.
What happens to my stock in a merger?
After a merge officially takes effect, the stock price of the newly-formed entity usually exceeds the value of each underlying company during its pre-merge stage. In the absence of unfavorable economic conditions, shareholders of the merged company usually experience favorable long-term performance and dividends.
Will NIO stock go up?
Stock Price Forecast
The 20 analysts offering 12-month price forecasts for NIO Inc have a median target of 60.93, with a high estimate of 91.89 and a low estimate of 16.98. The median estimate represents a +64.23% increase from the last price of 37.10.
Is CCIV a long-term investment?
Therefore, the CCIV is a good long-term stock that requires a patient investor. It has been a rough couple of months for both the electric vehicle market and SPACs. … That said, since the future of cars is EV, Churchill Capital (CCIV) is a good long-term investment with its Lucid Motors merger.
Is NIO a good stock to buy?
Finance shows a bullish sentiment in its chart event, and TipRanks analysts consider NIO stock a strong buy. However, TipRanks shows that its investors have a “very negative” sentiment on NIO stock. … NIO also has a manufacturing agreement with the state-owned car manufacturer.
What is CCIV stock forecast?
Churchill Capital Corp IV – Class A quote is equal to 24.250 USD at 2021-09-11. Based on our forecasts, a long-term increase is expected, the “CCIV” stock price prognosis for 2026-07-22 is 116.401 USD. With a 5-year investment, the revenue is expected to be around +380%.
Should you buy stock before a merger?
Pre-Acquisition Volatility
Stock prices of potential target companies tend to rise well before a merger or acquisition has officially been announced. Even a whispered rumor of a merger can trigger volatility that can be profitable for investors, who often buy stocks based on the expectation of a takeover.
What companies will merge in 2020?
- US$30 billion acquisition of Willis Towers Watson by AON.
- US$21 billion acquisition of Maxim Integrated by Analog Devices.
- US$21 billion acquisition of Speedway gas stations by Seven and I.
- US$18.5 billion acquisition of Livongo by Teladoc.
- US$13 billion acquisition of E*Trade by Morgan Stanley.
What are 2 reasons for merging?
- Value creation. Two companies may undertake a merger to increase the wealth of their shareholders. …
- Diversification. …
- Acquisition of assets. …
- Increase in financial capacity. …
- Tax purposes. …
- Incentives for managers.
How much will a lucid car cost?
The Lucid Air base model starts at $77,400 with the Touring version starting at $87,500. Lucid announces prices and 406-mile range for two versions of the Air electric luxury sedan. The entry-level Air will start at $77,400 and comes standard with 480 horsepower from a single-motor setup.
Is lucid air better than Tesla?
Lucid claims the limited-run Air Dream Edition, its first vehicle, can travel up to 517 miles on a full battery, over 100 miles more than the Tesla Model S, which has dominated the range game for years.
Has lucid sold any cars?
Lucid ‘sold out’ the first version of its Air electric sedan, but we are only talking about 500 cars. Lucid Motors announced today that it has sold out the first version of its upcoming Air electric sedan: the Dream Edition.
How many cars will Lucid sell in 2022?
Lucid’s Ambitious Financial Goals
In February, unit volumes were expected to grow rapidly. From 20,000 cars in 2022 to in 2023, and as many as 500,000 cars a year (including the Air, the Gravity SUV, and future models) by 2030, according to Bloomberg.
Is Lcdx a Lucid motor?
Lucid Motors is based out of Newark, California, and is just 10 miles down the road from Tesla’s Fremont factory, according to Google Maps. Lucid Inc. trades on the OTC market under the ticker symbol LCDX.