FMP
Nov 8, 2024 11:47 AM - Davit Kirakosyan
Image credit: FMP
Lucid Group (NASDAQ:LCID) saw its stock rise over 7% in pre-market today after reporting third-quarter results that exceeded expectations. The electric vehicle maker posted $200 million in revenue, surpassing the analyst forecast of $196.47 million, and delivered 2,781 vehicles, marking a 90.9% increase from the same quarter last year. The company’s adjusted loss per share was $0.28, beating estimates of a $0.31 loss.
In the third quarter, Lucid produced 1,805 vehicles and reaffirmed its full-year production target of approximately 9,000 vehicles. Ending Q3 with $5.16 billion in liquidity, Lucid recently strengthened its financial position through a $1.75 billion capital raise in October, extending its runway into 2026. The company also pointed to improving gross margins, aided by ongoing cost reduction measures.
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...