 in this video we're going to talk about will cciv stock reach $30 now of course cciv is rumored to be merging with lucid murders now i'm going to go through my price target my thoughts on where i think this stock could go and again i've got to preface this is this is a highly speculative stock at the moment because it's not confirmed so you've got to preface that with some potential risk especially as it's run up quite a lot already but there's still some upside i think in terms of where it could go towards the future as well so let's go through the information i've got to say i'm not a financial advisor i am a business teacher in my daily life but i'm by no means an expert on the stock market so let's go right into the information if you appreciate the direct approach then do leave a like on the video let's get into it so lucid murders is obviously here one of their car designs here you got a horsepower 480 starting price of 69900 usd in projected range of 406 miles now the two areas that i really like about this car we'll go into one of them later the first one is the design of the cars they look incredibly good in my opinion i think the design of lucid murders is really really good and again it's interesting they are trying to reach a much more shall we say middle high class target market right because of the prices of the cars so they're not going mass market in that sense they're trying to reach a specific target market with some really luxury cars and they're focused in that area and i really do like that because i do believe that any business needs a strategic direction right so whether they're going their target markets going after individuals with more money and creating a better quality product for that market or something more mass market for everyone right so any business needs a strategic strategic direction i think this business has got one right in terms of what they're trying to do and where they're trying to reach their customers so going into this one of the recent users and i just found this quite interesting sometimes with stocks especially when i'm looking at are they expanding are they growing i like to look at if they're actively hiring so that we can tell whether they're actually you know actually growing and they're actually planning to expand and some interesting stuff is that they are actively hiring a lot of positions lucid motors at the minute so they are scaling stuff up to me that would say they're expecting a good cash injection and where can you get a good cash injection from a potential merger right so i'm kind of maybe i'm putting two and two together and coming up with five but i think that obviously lucid motors is going to merge and go go public at some point and and this looks like it's more than likely to happen i'm not saying that it will happen because it's not fully confirmed but it is more than likely i would say now before we go into some of the news that i've got for you i'm going to say thank you for all the support we're trying to reach to 10 000 subscribers as fast as possible so if you're new to the channel then welcome what we do is we cover latest stock news and also penny stocks and a range of other stuff so if you could subscribe to the channel that'd be fantastic and hit the like button and if you're already subscribed make sure you turn on notifications so you get fast to the queue for the latest video okay so i'm going to go right back into the information that's my plug over with right moving on lucid suitor stock sores on report that that basically a merger is near and it says the value of the stock of the blank check company that is reportedly near and a deal to take lucid public more as more than doubled this month okay so it's looking to potentially merge with this particular SPAC okay and there is a lot of rumors going around that is circulating and it's looking more and more likely the more and more we hear about this right and also you've got cciv here cciv stock comparing lucid motors to tesla as merger monday hopes saw many investors are hoping for a confirmation on the lucid motor SPAC merger after the weekend so we're potentially going to get a confirmation soon according to these reports rumors and dreams are sending Churchill capital iv to the moon on friday with investors hoping for confirmation of lucid mer motors SPAC merger soon one reason for all the speculation is the potential for lucid motors to disrupt tesla and its electric vehicle dominance so this merger monday the talk of the town here is what we need to know about cciv stock so the story here is simple minus the lack of merger confirmation bloomberg reported the blank check company was in talks with lucid mer's and bloomberg is fairly reputable right and if they're talking and reporting that then that's it seems to be fairly reputable and investors have been celebrating ever since we've seen pops and drops in the meantime and Churchill capital executive Michael Klanders have been working so looking at this it's more becoming more and more persuasive that it's going to happen and i just want to talk about the stock a little bit itself or lucid mer's themselves so it does look like they go in public right it's more likely going to be cciv but even if it's not them and it's some other through another SPAC right i still think cciv away you need to keep this stock overall on your radar because i think it's a really really good interesting company what i can see so far one of the areas i really like about this company is the personalization factor now what do i mean by that is you can actually personalize your lucid vehicle so you can put like a certain you know model variant on it you can put different colors you can there's a various ways you can personalize your vehicle to your needs and i think that's a really nice personable touch to the company and the consumer buying process right so i just wanted to kind of point that out because nobody's really talking about the fact that there's this personalization aspect to it which i think was quite good now we've also got this other article and this one's from the los angeles times you know and that's incredible because after this article was posted it actually the price shot up even further right so lucid murders prepared to go public thanks to sardine money and SPAC mania again so so it's looking more and more likely in the los angeles times the los angeles times they're now covering it and from that it just shot up even further carried on from this article it says on the los angeles times the well fund invested 1.3 billion in the electric car start-up lucid regained full health now in 2021 the sardine funding lucid founders are poised to cash in by taking advantage of the manic market in so-called blank checks shell companies also known as SPACs in a deal that is near completion according to a source familiar with the negotiations the company would draw a hefty but as of yet undetermined amount of cash to fund its operations if the deal goes off without a hitch lucid executives and board members including chairman andrew levaris a former dow chemical chief executive deep financial ties to sardine would give it get a shot at the big payday in a bull market that the words frothy hardly does justice though increasing numbers of private companies are looking to cash out through special purpose acquisition companies SPACs offer a quicker easier more secretive way to take a private company public versus the conventional initial public offering okay yep so it's just a good way for them to also obviously get out there quicker but also get that cash injection from the SPAC as well and you know like I say it's covered by the los angeles times now this is massive now the current price you can see here is at 2340 aftermarket now I would say if this news continues to happen in terms of the rumors and if more reputable websites start covering this and we also potentially get some sort of confirmation or nearer confirmation right I think this is going to explode past 30 dollars now I want to preface this with saying this is this is risk this is potentially a risky stop because if it comes out that it's not actually merging with CCIV this could plummet it could plummet back down to sort of 12 13 14 dollars and that is the risk so the risk is do you think that it's likely that it's going to merge with CCIV or not I would say it's more likely than it isn't I think it's more likely that it will happen rather than it being more likely that it wouldn't right and so there is that so there is more likeliness that it could potentially pop past 30 dollars but then there's always that chance where you know this isn't confirmed and then it just drops so it depends on your risk tolerance on this stock I certainly wouldn't put a huge chunk of your portfolio in this no matter the upside because it is risky right potentially just as risky as some penny stocks if not even more risky right because it's based upon rumors and news this at least you can base penny stocks off some fundamentals of an actual company that's that's for definite right and so I would I would go with it go in this with caution I'm holding a position in it it's not a massive position but I hold a position I got in like 15 16 dollars so I'm happy if it dips to 13 14 whatever it's not really much of a big deal for me but again I'm thinking that if this news continues this is going past 30 dollars and like I say I do really like the company itself it seems like a really good company anyway so thanks for watching this video if you found this at all interesting or useful or anything like that then do leave a like on the video it does really help out the channel we're trying to reach to 10 000 subscribers as fast as we can and don't forget to support the channel as well by subscribing and also turning on the notification and I'll see everybody in the next video