UBER
Lucid names new CEO, raises $750 million from PIF and Uber
Article Summary
HOLD- Lucid Group (NASDAQ: LUCID) named Silvio Napoli as its new CEO and announced $750 million in fresh investment from Saudi Arabia's Public Investment Fund and Uber Technologies.
- Napoli built his career over several decades at Schindler Group, the Swiss elevator and escalator manufacturer, most recently as its chairman and CEO, and is relocating from Switzerland to the U.S., where he needs visa clearance within weeks.
- Ayar Third Investment Company, a PIF affiliate and Lucid's majority owner, is investing $550 million through convertible preferred stock, while Uber is adding $200 million bringing its total commitment to Lucid to $500 million.
- The capital raise also came bundled with broader commercial agreement: the floor on Uber's vehicle purchase obligation under the robotaxi program has been lifted from 20,000 units to minimum 35,000, with expanded order expected to include vehicles from Lucid's upcoming midsize platform in addition to Gravity SUV.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 18.3% | 25% | 60.0 ptsModerate (18.3%) - Decent growth |
| EPS Growth Next 5Y ? | 4.4% | 25% | 10.0 ptsVery Weak (4.4%) - Minimal expectations |
| Target Price Upside ? | 45.6% | 20% | 95.0 ptsHuge Upside (45.6%) - Target: $105.25 vs Current: $72.29 |
| Gross Margin % ? | 32.9% | 15% | 40.0 ptsModerate (32.9%) - Adequate margins |
| Drawdown from 52-Wk High ? | -29.1% | 15% | 80.0 ptsSolid Dip (-29.1%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About UBER
- Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
- The company operates through three segments: Mobility, Delivery, and Freight.
- The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.
- The Delivery segment allows consumers to search for and discover restaurants to grocery, alcohol, convenience, and other retailers, as well as order a meal or other items, and either pick-up at the restaurant or have it delivered; and provides Uber direct, a white-label delivery-as-a-service for retailers and restaurants, as well as advertising services.
- The Freight segment manages transportation and logistics networks, which connects shippers and carriers in digital marketplace, including carriers upfronts, pricing, and shipment booking; and offers on-demand platform to automate logistics end-to-end transactions for small-and medium-sized businesses to global enterprises.
- The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011.
- Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.