![]() 21, 2015 /PRNewswire/ - Today, Athentech Imaging Inc. It's a good strategy for getting some skin in the game without overly exposing yourself to short-term volatility.NEW YORK, Oct. For others, it could be the perfect time to deploy the classic strategy of "buying in thirds."īuying in thirds involves determining the total amount of shares of a stock you want to own and then staging in the buying process to not prematurely overweight a position. While past results are important, all eyes will be on each company's guidance for the year ahead.įor some investors, simply waiting to see how each company is responding to inflation and supply chain issues and digesting updated expectations, could be a more conservative path forward instead of opening a position now. Lucid and ChargePoint both have big reports coming up on Feb. If the growth trajectory remains strong, investors will likely gain more confidence for an investment in ChargePoint. The company will report its final results on March 2, when investors can also look toward the company's growth estimates for its current fiscal year. If the market for EVs grows anywhere near expected rates, there will be a boon in demand for charging capabilities. One thing that sets them apart from EV makers is that their success doesn't count on any single winning vehicle manufacturer. Howard Smith (ChargePoint): There are many players in the EV charging network business. Owning the picks and shovels can spread the risk But given the company's incredibly impressive technology, adding Lucid to a basket of EV stocks could be a reasonable decision. Falling short of promises would likely lead to further turbulence for Lucid stock. It will have to prove it's worth the premium price Wall Street has awarded it. Also, they need to see how the global chip shortage, supply chain challenges, and inflation are impacting its business.Ģ022 will be a big year for Lucid. Investors should keep their ears perked toward updated reservation numbers, delivery figures, guidance for 2022, the company's updated cash position, and its updated showroom and service center store count. Lucid reports its fourth-quarter and full-year 2021 results on Feb.28. Since it already had over 17,000 reservations as of the third quarter of 2021, advertising is one less thing Lucid should have to worry about this year. The electric car company believes it can deliver 20,000 Lucid Air sedans. In addition to its strong cash position, Lucid has set reasonable expectations for 2022. The senior note gives Lucid some dry powder for 2023 as well. Lucid said it had enough cash from going public to fund its 2022 operations. This represents around a 100% premium to the current price of Lucid stock. The initial conversion rate is 18.2548 shares of common stock per $1,000 principal amount of notes, which translates to $54.78 per Lucid share. Lucid chose this time to raise $1.75 billion in cash from convertible senior notes due in 2026. In December, the stock market was roaring, and euphoria around fellow EV start-up Rivian Automotive (which had just had its initial public offering) was high. Securities and Exchange Commission (SEC) probe was issued on Dec. Lucid announced the senior debt offering around the time the U.S. Thankfully, Lucid management continues to show that it knows how to lean into what the market gives it, whether that's by raising $4.4 billion when it went public with a special purpose acquisition company (SPAC) called Churchill Capital IV last July or through its senior debt offering. The company's peak market cap above $90 billion was excessive given that Lucid only began mass-producing cars in September and delivering them in October. Lucid has a clear path forwardĭaniel Foelber (Lucid): In hindsight, it's easy to look at Lucid's stock chart and argue that investors got a little too excited about the electric automaker's growth potential.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |