U.S. markets open in 7 hours

Churchill Capital Corp IV (CCIV)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
22.97-0.19 (-0.82%)
At close: 4:00PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Momentum

Momentum

Previous Close23.16
Open22.98
Bid0.00 x 1400
Ask0.00 x 2200
Day's Range22.76 - 23.34
52 Week Range9.60 - 64.86
Volume7,509,969
Avg. Volume52,505,101
Market Cap5.943B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Churchill Capital IV Stock May Continue to Recover in the Near-Term
    InvestorPlace

    Churchill Capital IV Stock May Continue to Recover in the Near-Term

    Two factors knocked the wind out of Churchill Capital IV (NYSE:CCIV) stock. First, when the rumors of this SPAC’s (special purpose acquisition company) merger with Lucid Motors became fact, investors sold on the news. That’s why the stock, which skyrocketed more than six-fold ahead of the announcement, plunged in late February. Source: T. Schneider / Shutterstock.com Second, the EV stock correction, which started around the same time. With investors bidding up the sector many times in 2020 and early 2021, it seemed nothing was going to stop this popular investing trend. But, rising interest rates, and concerns about valuation, convinced many it was time to hit the “sell” button. Yet, now, the dust has settled on both these issues. The sector is far from back to its recent highs. But, major names are starting to mount a rebound. And, that includes CCIV stock. Finding support at around $22 per share, the EV SPAC stock is starting to trend higher once again.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sure, it may be too early to call this the start of a recovery. Concerns over whether it can beat out incumbents like Tesla (NASDAQ:TSLA), and dominate the luxury EV market, remain on the table. But, recent news is helping to back up the bull case. If more positive developments come out, it may be enough to send it back above $30 per share. Subsequent News Could Sustain Upward Price Moves for CCIV Stock Better-than-expected delivery numbers have helped Tesla stock start to recover. Recent delivery numbers are also helping to support shares in China-based EV maker Nio (NYSE:NIO). But, for an early-stage electric name like this one, what’s going to help sustain a recovery for its stock price? 7 Great Stocks to Buy Under $10 Recently disseminated information, such as details of its manufacturing capabilities, and its reservation numbers, may be starting to renew confidence that it can someday dominate the premium EV space. As I discussed previously, Lucid has more than enough “ingredients of success” on its side. These additional signs of progress are just icing on the cake. Of course, it’s not guaranteed that Lucid is destined to become the king of high-end EVs. Tesla already has established itself in this space. With an existing economic moat, it may still have an edge over this upstart. Yet, it may not be wise to assume Tesla is unsinkable. It may have many advantages when it comes to large-scale manufacturing. But, its moves to expand its user base may Lucid an opening for a large piece of the luxury market. Lucid vs. Tesla Will Lucid Motors start eating Tesla’s lunch? Or, does the established EV maker have the power to prevent this from happening? First, let’s look at the side of this argument that’s bearish on Lucid’s prospects. Recently, a Seeking Alpha contributor made the case why this company isn’t the next Tesla. Believing Lucid’s “destined for failure,” the commentator lists many ways why this company won’t usurp the EV top dog. Chief reasons include a more competitive environment, plus its relative inexperience in large-scale production. Given this company still needs to prove itself, both are valid points. Plus, as the bearish commentator pointed out as well, buying in at today’s implied post-merger valuation ($30 billion) makes little sense, given the stock’s priced on what could happen, rather than what has happened. Okay, how about the more bullish case. That is, Lucid lives up to Wall Street’s current expectations, and turns Tesla into a relative dinosaur? On Apr 6, InvestorPlace’s Josh Enomoto pointed out how Lucid could beat out Tesla when it comes to the higher end of the premium market. Namely, while Tesla is trying to become a mass market vehicle, Lucid is focusing just on making EVs for the rich. This could pay off, as per Enomoto’s thesis, current economic factors do not bode well for the middle-income bracket. There’s Enough in Play to Send This SPAC Higher Ahead of Its Merger Adding to Enomoto’s thesis above, I can see another way Tesla’s mass-market strategy could backfire, in a way that benefits Lucid. I’m talking about the risk Tesla loses some of its brand cache, as it expands its customer base with lower-priced models. If Teslas become more of a mass-market car, its current owner base could ditch it for something that better conveys high social status. This may allow the EV upstart to grab a major share of the premium market, and live up to expectations. Of course, it’s a bit too early to say it’s set in stone Lucid will beat Tesla at its own game. But, with more pointing to this SPAC deal paying off for investors, there’s enough in motion to help send CCIV stock back towards $30 per share and above ahead of the deal close. On the date of publication, Thomas Niel did not (either directly or indirectly) hold any positions in the securities mentioned in this article. Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Churchill Capital IV Stock May Continue to Recover in the Near-Term appeared first on InvestorPlace.

  • Churchill Capital IV Stock Price Might Soon Stabilize
    InvestorPlace

    Churchill Capital IV Stock Price Might Soon Stabilize

    In late February, the special purpose acquisition company (SPAC) Churchill Capital IV (NYSE:CCIV) and California-based Lucid Motors, a pre-revenue electric vehicle group, announced their upcoming merger. Upon completion of the merger, CCIV stock will start trading on the NYSE under the new ticker “LCID.” Source: gg_photography / Shutterstock.com Investors were bullish on CCIV in the early parts of 2021, following the initial rumors about the possibility or a business union between the two groups. On Jan. 11, the shares opened around $10. In a matter of weeks, CCIV stock hit a high of $64.86. Now, it is around $23. Several EV makers and alternative energy stocks, as well as SPACs, have shown stellar performances over the past 12 months. For instance, EV darling Tesla (NASDAQ:TSLA) and the Chinese group Nio (NYSE:NIO) returned around 600% and 1,560%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Put another way, the market is looking for the next champion in the EV space. 7 Cheap Stocks with Growing Tailwinds As we get ready to welcome a new earnings season, analysts debate what might be in store for CCIV stock. The recent price decline has understandably improved the margin of safety for new investors. If you do not yet hold shares in the company, you might regard any further dip, especially toward $20, as an opportunity to buy for the long term. What This SPAC Merger Might Mean Potential investors need to keep in mind that Lucid Motors does not currently have any revenue. Management hopes the first vehicle, Lucid Air, will be ready during the year. CEO Peter Rawlinson, a former Tesla executive, is optimistic as preliminary orders for the vehicle has been strong. Such a premium car would come with strong margins and help finance the group’s future expansion. Regular InvestorPlace.com readers will remember that with its luxury sedan Model S, Tesla had followed a similar strategy in its early years. Meanwhile, Lucid is building its first-stage factory to manufacture its high-end vehicles. The Arizona-based factory could potentially produce 34,000 vehicles a year. Lucid hopes within the next several yearsto boost that number to 400,000 per year. We do not yet have enough metrics that would allow us to assign a fair value to CCIV stock. Nonetheless, we can also look at the management team of the SPAC partner. Churchill Capital CEO Michael Klein is a highly regarded Wall Street veteran with several successful SPAC mergers on his business card. For instance, two years ago, Churchill announced a merger that led to the formation of Clarivate (NYSE:CLVT), which provides comprehensive intellectual property and scientific data, and analytical tools. In July 2020, Churchill Capital Corp III finalized another $11 billion merger that led to the formation of the healthcare company MultiPlan (NYSE:MPLN). However, despite the success, many SPACs of the past year have come under pressure in recent months. Wall Street now questions whether the SPAC-hype is beginning to fizzle out. On a final note, Saudi Arabia’s sovereign wealth fund has also invested in Lucid. At this point, the EV group has considerable cash at hand, giving the markets confidence about the prospects in the rest of the year. Bottom Line on CCIV Stock The coming months will better show if Lucid will be a leading name among EV makers and compete well, especially against Tesla. Buyers of Lucid Air would need to see if the consumer experience offered by the car can indeed rival other established names. Therefore, for now, potential investors need to keep in mind the large amount of capital and time it will take to generate significant revenue. Patience will likely be necessary on the part of investors. If you’re interested in purchasing CCIV stock, you might consider investing around $20. But you should clearly weigh the risk/return potential vis à vis your own portfolio objectives. If you do not want to commit full capital to CCIV stock, you might also consider ETFs that focus on SPACs, EVs, or alternative energy businesses. Examples include the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV), the iShares Global Clean Energy ETF (NASDAQ:ICLN), the SoFi 50 ETF (NYSEARCA:SFYF), the SPAC and New Issue ETF (NYSEARCA:SPCX), or the VanEck Vectors Low Carbon Energy ETF (NYSEARCA:SMOG). On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Churchill Capital IV Stock Price Might Soon Stabilize appeared first on InvestorPlace.

  • Yahoo Finance Video

    ELMS CEO breaks down the EV boom amid pandemic

    Jim Taylor, Electric Last Mile Co-Founder and CEO joins Yahoo Finance Live weighs in on why the company is going public via SPAC and the outlook for the EV market post-pandemic.