Lucid Group (NASDAQ: LCID) stock saw a big pop last month after the company announced that it had entered into a robotaxi partnership with Uber Technologies. Uber will purchase 20,000 or more of the automaker’s vehicles over the next six years and use them as key components of its robotaxi fleet. Lucid’s share price has since had a substantial pullback.
There will soon be another big potential catalyst that could spur substantial moves for the stock. The electric-vehicle (EV) specialist is set to release its second-quarter report and host an earnings conference call after the market closes on Aug. 5, and investors will be taking a close look at its margins and bottom line.
If you’re wondering what history says about your chances of success with buying Lucid’s stock ahead of earnings, take a look at the chart below and read on for a deeper look at dynamics that could shape the company’s valuation.