176,197 Shares in Lucid Group, Inc. (NASDAQ:LCID) Purchased by Bridgewater Associates LP

Bridgewater Associates LP bought a new stake in shares of Lucid Group, Inc. (NASDAQ:LCID - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 176,197 shares of the company's stock, valued at approximately $532,000.

Several other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Lucid Group in the fourth quarter worth about $28,000. Accredited Investors Inc. purchased a new stake in shares of Lucid Group in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC acquired a new position in shares of Lucid Group during the 4th quarter worth approximately $31,000. DRW Securities LLC purchased a new position in shares of Lucid Group during the 4th quarter valued at approximately $31,000. Finally, First National Corp MA ADV acquired a new stake in Lucid Group in the 4th quarter valued at $32,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Lucid Group in a report on Wednesday, February 26th. Benchmark reiterated a "buy" rating and set a $5.00 price objective on shares of Lucid Group in a research note on Friday, March 7th. Robert W. Baird increased their target price on Lucid Group from $2.00 to $3.00 and gave the company a "neutral" rating in a report on Monday. Cowen started coverage on Lucid Group in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, Stifel Nicolaus decreased their price objective on Lucid Group from $3.50 to $3.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Lucid Group has an average rating of "Hold" and a consensus price target of $2.68.

Lucid Group Trading Up 6.9 %

LCID stock traded up $0.16 during trading on Wednesday, reaching $2.49. 62,940,992 shares of the stock were exchanged, compared to its average volume of 61,971,167. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of -1.86 and a beta of 0.88. The business has a 50 day moving average price of $2.45 and a 200-day moving average price of $2.60. Lucid Group, Inc. has a 1 year low of $1.93 and a 1 year high of $4.43.

About Lucid Group

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.