Latest news with #Lucid
Saudi Gazette
a day ago
- Saudi Gazette
Interior minister inspects Hajj security checkpoint and surveillance tech at Al-Shumaisi
Saudi Gazette report JEDDAH — Saudi Minister of Interior and Chairman of the Supreme Hajj Committee Prince Abdulaziz bin Saud bin Naif inspected the Al-Shumaisi checkpoint on the Makkah–Jeddah highway on Thursday, as part of ongoing efforts to ensure the safety and smooth movement of pilgrims during Hajj 2025. During the visit, Prince Abdulaziz received a detailed briefing from Public Security Director Lt. Gen. Mohammed Al-Bassami on the security procedures in place at the checkpoint. These include verifying the legality of pilgrim entry and preventing unauthorized individuals from entering the holy sites. He also reviewed the coordination mechanisms between various security and service agencies aimed at facilitating the safe and smooth flow of pilgrims. The minister was also briefed on the latest technologies deployed at the Field Monitoring Center of the Special Forces for Road Security, including the advanced Lucid patrol vehicle equipped with smart security systems and rapid response addition, Prince Abdulaziz reviewed the use of winged drones designed to monitor crowds and analyze human density with high precision, as well as thermal imaging cameras that provide real-time surveillance under diverse environmental center also features mobile broadcast units that deliver live field footage to operations rooms, supporting swift and informed inspection reflects the Kingdom's commitment to employing cutting-edge technologies to enhance safety and operational efficiency during the Hajj season.
Campaign ME
2 days ago
- Automotive
- Campaign ME
Lucid and MCH Global: a Saudi-first story of innovation and momentum
In the heart of Saudi Arabia's transformation lies a story of bold ambition, cultural understanding and future-focused collaboration. American automotive and technology company Lucid, in partnership with experiential marketing agency MCH Global, has forged a unique journey in the region – rooted in purpose, driven by innovation and aligned with the Kingdom's broader vision. Over the past few years, this partnership has grown from a series of high-impact moments to a strategically layered brand presence that speaks deeply to regional audiences. From launching world-class electric vehicles at the Kingdom's most prestigious events to producing emotionally resonant campaigns, Lucid's presence in the region today is both pioneering and personal. Grounded in the Kingdom: A Saudi-first foundation Lucid's regional story began with an intentional, Saudi-first approach. More than just a market, the Kingdom has been a strategic partner in realising the brand's mission of sustainable luxury mobility. That commitment materialised powerfully with the opening of AMP-2, Lucid's Advanced Manufacturing Plant in King Abdullah Economic City – the brand's first manufacturing site outside the US. As the only global EV manufacturer with a facility in the region, the opening marked a defining milestone for Lucid's local and global strategy. 'Being the only EV manufacturer with a production facility in Saudi Arabia underscores our alignment with the Kingdom's sustainability and economic goals,' says Firas Kandalaft, Marketing Director at Lucid Middle East. 'Through this commitment, we're not only growing our customer base but contributing meaningfully to Vision 2030 – driving innovation, job creation and long-term value.' Creating cultural connection: From tradition to transformation Lucid's impact in the region hasn't been limited to infrastructure – it's been felt deeply in culture. A turning point came with the launch of Light the Way – a Ramadan TVC fully shot in the region in 2024. Conceptualised and executed by MCH Global, the campaign combined modern storytelling with traditional values, showcasing Lucid not just as a product, but as a meaningful part of regional life. 'Lucid's storytelling has always honored the market it speaks to,' says Joann Correia, Account Director at MCH Global. 'From a tradition-rooted Ramadan campaign to launching AMP-2, and now creating compelling employer branding content – we've partnered across the full spectrum of brand building, always with purpose and regional relevance.' Platform moments: Lucid at the centre of the conversation Lucid's regional strategy has prioritised high-impact visibility milestones. As a recurring feature at the prestigious Saudi Cup – one of the Kingdom's most prominent annual events – Lucid has used the platform to debut two of its most iconic models. The Lucid Gravity made its Middle East premiere in 2025, introducing the luxury SUV as a family-oriented yet performance-driven vehicle. The brand also unveiled the exclusive, one-of-one Lucid Sapphire in 2024 – its ultimate high-performance model – in a private setting, further cementing Lucid's position as a leader in luxury and innovation, and resonating with elite audiences. Each moment was not just about product – it was about positioning Lucid as a lifestyle and innovation leader in a fast-evolving regional market. The agency's focus remained on creating immersive, product-focused experiences that delivered on media resonance. These events were also accompanied by the opening of the Lucid Studio in Dubai in 2024, expanding the brand's physical presence and offering authentic experiences to a growing audience across the GCC. Partnerships that propel the future Lucid's strategic outlook continued to evolve with the signing of a landmark agreement with Riyadh Air – a move that signaled the brand's intention to collaborate across industries in driving the future of sustainable mobility. MCH Global has supported this narrative, ensuring that Lucid's vision comes to life through experiences, campaigns, and environments that resonate with high-impact stakeholders while building broader market share and brand equity. Looking ahead: The next chapter for Lucid As Lucid ramps up Phase 2 of AMP-2, the momentum continues. The brand's multi-year collaboration with MCH Global reflects a unique blend of strategy, storytelling and cultural fluency – positioning Lucid not only as an EV brand but as a force shaping the future of sustainable living in the region. Kandalaft concluded 'Our journey in Saudi Arabia is only just beginning. We're building something enduring – not just in manufacturing or mobility, but in how people relate to what a brand like Lucid can represent here.'
Yahoo
3 days ago
- Automotive
- Yahoo
Lucid Group (NasdaqGS:LCID) Opens 43rd Location in North America
Lucid Group experienced a 13% appreciation in its stock price over the last quarter. This upward movement aligns with a number of positive developments for the company, including the opening of a new facility in Rutherford, N.J., marking its 43rd location in North America. The strategic appointments of seasoned executives in marketing and operations may have enhanced investor confidence. Furthermore, improved financial results, demonstrated by an increase in sales and a reduced net loss, likely contributed to this performance. These factors helped Lucid counter broader market fluctuations, strengthening its position in the competitive electric vehicle landscape. We've identified 2 warning signs with Lucid Group (at least 1 which can't be ignored) and understanding the impact should be part of your investment process. These 17 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. The recent developments at Lucid Group, such as the opening of a new facility and strategic executive hires, could positively influence its long-term growth narrative. Over the past year, however, the company's total shareholder return, including dividends, was a decline of 6.40%. This contrasts with the stock's recent quarterly appreciation of 13%. Within the same 12-month period, Lucid underperformed relative to the broader U.S. Auto industry, which saw a return of 70.5%, and the overall U.S. market, which returned 9.1%. These advancements may spur future revenue, particularly with the anticipated launch of the Lucid Gravity SUV, which is expected to bolster revenue growth and operational efficiency. Analysts forecast substantial revenue increases, although Lucid's forecasted profitability remains elusive over the next three years. The alignment of these positive indicators may enhance earnings forecasts over time, contingent upon successful execution and market conditions. Notably, the current share price of US$2.56 is slightly above the analyst consensus price target of US$2.53, suggesting that analysts on average consider the stock to be fairly priced at the moment. Given this, investors might weigh whether they see potential upside beyond the current market expectations. Gain insights into Lucid Group's future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:LCID. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Automotive
- Yahoo
3 Reasons to Avoid LCID and 1 Stock to Buy Instead
While the broader market has struggled with the S&P 500 down 3.3% since November 2024, Lucid has surged ahead as its stock price has climbed by 17.5% to $2.55 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to buy Lucid, or should you be careful about including it in your portfolio? Get the full stock story straight from our expert analysts, it's free. We're glad investors have benefited from the price increase, but we're swiping left on Lucid for now. Here are three reasons why LCID doesn't excite us and a stock we'd rather own. Cost of sales for an industrials business is usually comprised of the direct labor, raw materials, and supplies needed to offer a product or service. These costs can be impacted by inflation and supply chain dynamics. Lucid has bad unit economics for an industrials business, signaling it operates in a competitive market. This is also because it's an automobile manufacturer. Automobile manufacturers have structurally lower profitability as they often break even on the initial sale of vehicles and instead make money on parts and servicing, which come many years later - this explains why new entrants whose fleets are too young to generate substantial aftermarket revenues have negative gross margins. As you can see below, these dynamics culminated in an average negative 161% gross margin for Lucid over the last five years. Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. Lucid's demanding reinvestments have drained its resources over the last five years, putting it in a pinch and limiting its ability to return capital to investors. Its free cash flow margin averaged negative 537%, meaning it lit $537.41 of cash on fire for every $100 in revenue. As long-term investors, the risk we care about most is the permanent loss of capital, which can happen when a company goes bankrupt or raises money from a disadvantaged position. This is separate from short-term stock price volatility, something we are much less bothered by. Lucid burned through $2.78 billion of cash over the last year. With $3.61 billion of cash on its balance sheet, the company has around 16 months of runway left (assuming its $2.01 billion of debt isn't due right away). Unless the Lucid's fundamentals change quickly, it might find itself in a position where it must raise capital from investors to continue operating. Whether that would be favorable is unclear because dilution is a headwind for shareholder returns. We remain cautious of Lucid until it generates consistent free cash flow or any of its announced financing plans materialize on its balance sheet. Lucid's business quality ultimately falls short of our standards. With its shares topping the market in recent months, the stock trades at $2.55 per share (or a forward price-to-sales ratio of 4.4×). The market typically values companies like Lucid based on their anticipated profits for the next 12 months, but it expects the business to lose money. We also think the upside isn't great compared to the potential downside here - there are more exciting stocks to buy. We'd recommend looking at one of our top software and edge computing picks. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Lucid Diagnostics to Join Russell 2000® and Russell 3000® Indexes
NEW YORK, May 27, 2025 /PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company"), a commercial-stage, cancer prevention medical diagnostics company, and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced that the Company will join the small-cap Russell 2000® Index and the broad-market Russell 3000® Index, effective after the close of U.S. equity markets on June 27, 2025, as part of their 2025 annual reconstitution, according to a preliminary list of additions posted by FTSE Russell on May 23, 2025. "We are pleased that Lucid is joining these important market indices, which serve as leading benchmarks for institutional investors and as the basis for numerous index-linked financial products," said Dennis McGrath, Lucid's Chief Financial Officer. "This important milestone is a testament to the significant progress Lucid has made in enhancing shareholder value over the past year. We are confident that it will increase our visibility and access to a broader range of institutional investors." The broad-market Russell 3000 Index includes the largest 3,000 U.S. public companies by market capitalization. The Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year. Index membership remains in place for one year and results in automatic inclusion in the relevant growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes. For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the "Russell Reconstitution" section on the FTSE Russell website. About Lucid DiagnosticsLucid Diagnostics Inc. is a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM). Lucid is focused on the millions of patients with gastroesophageal reflux disease (GERD), also known as chronic heartburn, who are at risk of developing esophageal precancer and cancer. Lucid's EsoGuard® Esophageal DNA Test, performed on samples collected in a brief, noninvasive office procedure with its EsoCheck® Esophageal Cell Collection Device, represent the first and only commercially available tools designed with the goal of preventing cancer and cancer deaths through widespread, early detection of esophageal precancer in at-risk patients. For more information about Lucid, please visit and for more information about its parent company PAVmed, please visit About FTSE RussellFTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Forward-Looking StatementsThis press release includes forward-looking statements that involve risk and uncertainties. Forward-looking statements are any statements that are not historical facts. Such forward-looking statements, which are based upon the current beliefs and expectations of Lucid's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things, volatility in the price of Lucid's common stock; general economic and market conditions; the uncertainties inherent in research and development, including the cost and time required to advance Lucid's products to regulatory submission; whether regulatory authorities will be satisfied with the design of and results from Lucid's clinical and preclinical studies; whether and when Lucid's products are cleared by regulatory authorities; market acceptance of Lucid's products once cleared and commercialized; Lucid's ability to raise additional funding as needed; and other competitive developments. In addition, Lucid continues to monitor the COVID-19 pandemic and the pandemic's impact on Lucid's businesses. These factors are difficult or impossible to predict accurately and many of them are beyond Lucid's control. In addition, new risks and uncertainties may arise from time to time and are difficult to predict. For a further list and description of these and other important risks and uncertainties that may affect Lucid's future operations, see Part I, Item 1A, "Risk Factors," in Lucid's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, as the same may be updated in Part II, Item 1A, "Risk Factors" in any Quarterly Report on Form 10-Q filed by Lucid Diagnostics after its most recent Annual Report. Lucid disclaims any intention or obligation to publicly update or revise any forward-looking statement to reflect any change in its expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. View original content to download multimedia: SOURCE Lucid Diagnostics Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
