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The stock market offers several opportunities to turn modest investments into fortunes, provided investors make strategic picks. Although, like any investment, stocks are subject to volatility and external factors, some equities stand out for their potential growth due to strong underlying fundamentals. In this regard, Finbold has identified two equities currently available cheaply that can potentially deliver six-figure returns within the next five years. Lucid Motors (NASDAQ: LCID) Lucid Motors (NASDAQ: LCID) has undoubtedly struggled to keep up with competition in the electric vehicle (EV) space, particularly from players like Tesla (NASDAQ: TSLA).  However, despite challenges such as supply chain issues, the company’s roadmap makes it a promising investment. A key part of Lucid’s potential lies in its standout product, the Lucid Air sedan, known for its range and advanced technology. Furthermore, partnerships such as Aston Martin’s adoption of Lucid’s motors and batteries highlight its growth potential. The company is also expanding its lineup, with the Gravity SUV emerging as one of the most anticipated products. By 2026, it plans to launch a midsize platform, potentially broadening its market reach. Additionally, Lucid benefits from significant financial backing from Saudi Arabia’s Public Investment Fund (PIF), providing the company with a cash runway through 2026. Lucid’s ties to Saudi Arabia’s economic diversification strategy further solidify its financial foundation. From a financial perspective, Lucid reported $200 million in revenue for Q3 2024, slightly above analysts’ expectations of $198 million—a 45.2% increase from the same quarter in 2023.  Projections suggest continued growth, with analysts estimating $209.3 million in Q4 2024 revenue, a 33% year-over-year increase. Forecasts for Q1 2025 point to a 46% rise, reaching $252.18 million. Analysts project revenue of $780.28 million in 2024, a 31% increase from 2023. Revenue is expected to soar 117% by 2025, hitting $1.7 billion. Lucid revenue estimates.…

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Filed under: News - @ January 25, 2025 1:21 pm