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Comparing Lucid Group (NASDAQ:LCID) & Electrameccanica Vehicles (NASDAQ:SOLO)

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Electrameccanica Vehicles (NASDAQ:SOLO – Get Rating) and Lucid Group (NASDAQ:LCID – Get Rating) are both auto/tires/trucks companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, profitability, dividends, analyst recommendations, risk, earnings and institutional ownership.

Institutional & Insider Ownership

10.9% of Electrameccanica Vehicles shares are owned by institutional investors. Comparatively, 70.3% of Lucid Group shares are owned by institutional investors. 62.5% of Lucid Group shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

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Analyst Ratings

This is a breakdown of current ratings for Electrameccanica Vehicles and Lucid Group, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Electrameccanica Vehicles 0 0 0 0 N/A
Lucid Group 2 2 6 0 2.40
Lucid Group has a consensus price target of 30.86, indicating a potential upside of 119.94%. Given Lucid Group's higher probable upside, analysts plainly believe Lucid Group is more favorable than Electrameccanica Vehicles.

Profitability

This table compares Electrameccanica Vehicles and Lucid Group's net margins, return on equity and return on assets .

Net Margins Return on Equity Return on Assets
Electrameccanica Vehicles -1,613.39% -29.25% -27.66%
Lucid Group -1,030.53% -34.45% -19.66%

Volatility & Risk

Electrameccanica Vehicles has a beta of 2.32, indicating that its share price is 132% more volatile than the S&P 500. Comparatively, Lucid Group has a beta of 0.57, indicating that its share price is 43% less volatile than the S&P 500.

Valuation & Earnings

This table compares Electrameccanica Vehicles and Lucid Group's revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Electrameccanica Vehicles $2.10 million 71.17 -$41.33 million ($0.58) -2.17
Lucid Group $27.11 million 865.71 -$2.58 billion -1.45 -9.68

Electrameccanica Vehicles has higher earnings, but lower revenue than Lucid Group. Lucid Group is trading at a lower price-to-earnings ratio than Electrameccanica Vehicles, indicating that it is currently the more affordable of the two stocks.

Summary

Lucid Group beats Electrameccanica Vehicles on 8 of the 13 factors compared between the two stocks.

About Electrameccanica Vehicles

(Get Rating)

Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com, as well as through 17 retail locations. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada.

About Lucid Group

(Get Rating)

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.

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