Therefore, the best way to get an idea of a Post Merger CCIV Stock Price is to look at its competitors and compare. I compare Lucid to Tesla, Nio and Nikola Motors in this video and determine that CCIV could have a market cap of between $34bn and $70bn post merger. Meaning a 4x – 8x from its current position of $8bn market cap.
When will the CCIV merger be completed?
While announcing the merger, CCIV said that the merger will be completed in the second half of 2021. Meanwhile, the company hasn’t announced the merger voting date yet.
Should you buy CCIV stock before the lucid merger date?
Even though it fell more than 4 percent in morning trading on July 1, CCIV stock has gained 15 percent in the past week and more than 40 percent in the past month. In contrast, Tesla stock is only up 3 percent in the past week and 9 percent in the past month. Investors appear to be rushing to buy CCIV stock as the Lucid merger date approaches.
Why is CCIV stock down 1% in early Thursday trade?
NYSE:CCIV drops 1% in early Thursday trade. The SEC is mulling over stricter guidelines for SPAC mergers to protect investors. Lucid has plans to release its Air Pure sedan to consumers by 2023. Update May 6: CCIV shares have again opened negatively on Thursday, losing 1% in early trading.
How does CCIV stock compare to Tesla stock in July?
Even though it fell more than 4 percent in morning trading on July 1, CCIV stock has gained 15 percent in the past week and more than 40 percent in the past month. In contrast, Tesla stock is only up 3 percent in the past week and 9 percent in the past month.
What will happen to my CCIV stock after merger?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Is CCIV projected to go up?
Churchill Capital Corp IV quote is equal to 24.250 USD at 2022-06-22. 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%. Your current $100 investment may be up to $480 in 2027.
Will CCIV stock change to LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible.
Will Lucid merge with CCIV?
After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved.
Is CCIV long-term hold?
The Churchill Capital Corp IV stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Is CCIV a good long-term investment?
That said, since the future of cars is EV, Churchill Capital (CCIV) is a good long-term investment with its Lucid Motors merger. Since hitting a record high of $64, CCIV shares have plummeted approximately 30%, and they are trading at just above $20. It is safe to say that this is a superb entry point.
Will CCIV stock become lucid stock?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Is CCIV merger completed?
The merger was approved this past July, resulting in the companies joining the Nasdaq under the ticker symbol $LCID and combining for a pro-forma equity value of $24 billion. Lucid’s SPAC merger with CCIV joined a growing number of other EV companies that took a similar approach.
Is CCIV Lucid Motors stock?
Shares of common stock and warrants of the post-combination company, renamed Lucid Group, Inc. (“Lucid”), will be listed on The Nasdaq Stock Market LLC (“Nasdaq”) beginning on July 26, 2021 under the ticker symbols “LCID” and “LCIDW,” respectively. Units will no longer trade separately.
Should I buy CCIV before merger?
The company has a strong and experienced team that could turn the projections and goals into a reality but I would recommend investors to wait for the merger to complete before investing in CCIV stock.
How many Lucid shares does CCIV have?
Moreover, the PIPE investors, who are bringing in $2.5 billion in crucial liquidity, also need to be issued new shares, to the tune of 166.66 million. Assuming no redemptions, 1.595 billion Lucid Group common shares will have to be issued in total upon the close of the merger agreement.
How much is CCIV stock today?
Key Turning Points52-Week High64.86Fibonacci 50%37.23Fibonacci 38.2%30.71Last Price24.2552-Week Low9.601 more row
High Expectations Priced into CCIV Stock
So, what’s the latest with this popular SPAC play? The biggest event as of late has been Lucid’s User Experience (UX) event. This event may have showcased many of the appealing features of the upcoming Lucid air. Yet, investors did not seem too impressed, as seen from the stock’s post-UX sell-off.
Downside Risk After the Merger
Forget about CCIV stock roaring back above $60 per share. The real question you should ask yourself is, “how low can it go?” Will this stock, like other EV startups such as Fisker, fall toward its initial offering price once the deal closes?
When is the merger of CCIV and Lucid Motors?
CCIV-Lucid Motors merger voting date. In its SEC filing, CCIV presumed July 23 as the merger voting date. While announcing the merger, CCIV said that the merger will be completed in the second half of 2021. Meanwhile, the company hasn’t announced the merger voting date yet.
How many EVs will Lucid Motors sell in 2025?
To put that in perspective, Lucid Motors expects to sell around 135,000 EVs in 2025. Based on the absolute valuation, I would expect Lucid Motors to trade around $15 after the merger.
Does Lucid offer budget EVs?
Article continues below advertisement. Also, like Tesla, Lucid intends to target the broader green energy and autonomous driving ecosystem and not limit itself only to EVs. Lucid also intends to offer budget EVs in the future. However, one notable difference is in the charging infrastructure.
Is Lucid Motors going to make an EV?
Also, Lucid Motors is going to make the cars themselves.
What is the ticker symbol for Lucid?
Once it completes the SPAC merger with Churchill Capital, Lucid stock will trade under the ticker symbol “LCID” and replace the current CCIV stock.
Who is the CEO of Lucid?
Lucid CEO Peter Rawlinson ’s take on Tesla. As Lucid hits the homestretch in becoming a public company, CEO Peter Rawlinson thinks that Tesla has succeeded in the EV business because of its technology. Rawlinson worked at Tesla in the past as a chief engineer in the Model S project.
Is Lucid stock a consensus target?
Since Wall Street hasn’t started covering Churchill stock, there isn’t a consensus target price for investors to look at right now. However, Lucid stock appears to have bright prospects after the SPAC merger. First, the EV market is enormous and continues to expand, which means that Lucid has tremendous growth potential.
What is the risk of investing in open markets?
Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Is Churchill Capital merging with Lucid Motors?
Churchill Capital and Lucid Motors merger gets closer. Weekend reports on Churchill Lucid merger say might happen Tuesday. Churchill Capital shares continue to be strong as further speculation over the merger with Lucid Motors aired at the weekend. The Churchill Lucid merger could be announced as early as Tuesday according to Bloomberg.
If Shares Are Trending Lower, Why Stay The Course?
Even after sliding considerably, CCIV stock still commands a frothy valuation. Per the merger transaction overview, at today’s prices (around $20.55 per share), post-merger this company has an implied valuation of around $32.8 billion.
CCIV Stock Bottom Line: Hold it if You Own It
Investor sentiment for blank-check companies merging with vehicle electrification plays may have seen a dramatic shift. But, it’s done little to help or hurt the long-term potential for Lucid Motors.
CCIV price prediction
On the automotive front, Lucid has reportedly announced that its $70,000 Air Pure sedan will be available for consumers to purchase by 2023. The initial run of its $169,000 Lucid Air Dream edition has already sold out, according to the company, a sign that the demand for luxury electric vehicles is still high.
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