Given that Lucid’s share price soared over 260% in its first few months after merging with CCIV, some investors may say that the stock is overvalued, especially as the company has a very low production target compared with other auto giants. However, you should always perform your own fundamental analysis on the market or instrument you want to trade before getting started. Our Morningstar equity research reports come with a valuation tool which indicates whether the company is fairly or unfairly valued. Open a live account to access our Morningstar feature.