Lucid's Value Rally?! 🚀 Most Bullish EPS Update + Shorts Making Moves!
Overall Thesis
Cantor Fitzgerald's most bullish EPS forecast yet (-$0.94 vs. consensus -$1.11) combined with historically low options volume that preceded a prior 10%+ green-day streak suggests Lucid is building toward another upside move, with the speaker watching for confirmation above $2.90.
Narratives
Cantor Fitzgerald updated its EPS estimate for 2024 to -$0.94, the most bullish on the Street vs. consensus of -$1.11, representing 20% year-over-year improvement. The previous time Lucid had this low an options volume on back-to-back days, it went on a 10%+ green-day streak — a historical pattern the speaker is watching. Shorts are returning 373K shares and Lucid is outperforming both Tesla and Rivian today, showing relative strength. The speaker believes the stock is range-bound between 50-day and 100/200-day MAs until EV policy clarity emerges.
Key Arguments
- Cantor Fitzgerald most bullish EPS forecast: -$0.94 vs consensus -$1.11, 20% YoY improvement
- Historically low options volume on back-to-back days preceded a 10%+ green-day run previously
- Shorts returning 373K shares while LCID is green vs. Tesla and Rivian being red — shows relative strength
- Shorts manipulated stock below $3 near options expiry to keep 122K call contracts worthless — expected