Lucid Group, Inc. (NASDAQ:LCID) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its holdings in Lucid Group, Inc. (NASDAQ:LCID - Free Report) by 17,519.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,859,928 shares of the company's stock after acquiring an additional 1,849,372 shares during the quarter. Marshall Wace LLP owned about 0.06% of Lucid Group worth $5,617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LCID. Newbridge Financial Services Group Inc. acquired a new position in shares of Lucid Group in the 4th quarter valued at $28,000. Accredited Investors Inc. acquired a new position in Lucid Group during the fourth quarter worth about $30,000. Proficio Capital Partners LLC purchased a new position in shares of Lucid Group in the fourth quarter valued at $31,000. DRW Securities LLC acquired a new stake in Lucid Group in the 4th quarter valued at about $31,000. Finally, First National Corp MA ADV acquired a new position in Lucid Group during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 75.17% of the company's stock.

Wall Street Analysts Forecast Growth

LCID has been the subject of several research reports. Cowen began coverage on Lucid Group in a research report on Thursday, March 6th. They set a "hold" rating for the company. Bank of America cut Lucid Group from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $3.00 to $1.00 in a research report on Wednesday, February 26th. Redburn Atlantic lowered shares of Lucid Group from a "neutral" rating to a "sell" rating and reduced their target price for the company from $3.50 to $1.13 in a report on Monday, February 24th. Robert W. Baird lifted their price target on shares of Lucid Group from $2.00 to $3.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $3.00 price objective on shares of Lucid Group in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $2.68.

Lucid Group Trading Up 2.0 %

Shares of NASDAQ:LCID traded up $0.05 during trading on Friday, reaching $2.50. 65,364,869 shares of the stock were exchanged, compared to its average volume of 62,709,623. The firm's 50-day moving average price is $2.40 and its 200 day moving average price is $2.59. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of -1.87 and a beta of 0.88. Lucid Group, Inc. has a 12-month low of $1.93 and a 12-month high of $4.43. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71.

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.