Lucid Group, Inc. (NASDAQ:LCID - Get Free Report)'s share price traded up 1.5% during mid-day trading on Monday . The company traded as high as $3.42 and last traded at $3.31. 80,207,315 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 70,537,840 shares. The stock had previously closed at $3.26.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Lucid Group from $3.00 to $2.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 19th. R. F. Lafferty upgraded shares of Lucid Group from a "hold" rating to a "buy" rating and set a $4.00 price target for the company in a research note on Monday, November 11th. Benchmark began coverage on shares of Lucid Group in a research note on Wednesday, February 12th. They issued a "buy" rating and a $5.00 price target for the company. Cantor Fitzgerald restated a "neutral" rating and set a $3.00 price objective on shares of Lucid Group in a research report on Tuesday, January 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Lucid Group in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.24.
Check Out Our Latest Stock Report on LCID
Lucid Group Stock Down 7.6 %
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 $9.22 billion, a price-to-earnings ratio of -2.28 and a beta of 0.93. The business's fifty day moving average price is $2.99 and its 200 day moving average price is $2.98.
Hedge Funds Weigh In On Lucid Group
Institutional investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Lucid Group in the 4th quarter valued at $28,000. Accredited Investors Inc. acquired a new position in shares of Lucid Group during the 4th quarter worth $30,000. Proficio Capital Partners LLC acquired a new position in shares of Lucid Group during the 4th quarter worth $31,000. DRW Securities LLC acquired a new position in shares of Lucid Group during the 4th quarter worth $31,000. Finally, First National Corp MA ADV acquired a new position in shares of Lucid Group during the 4th quarter worth $32,000. 75.17% of the stock is owned by institutional investors and hedge funds.
About Lucid Group
(
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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.
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