Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) traded up 0.9% on Friday . The stock traded as high as $2.26 and last traded at $2.23. 10,344,705 shares changed hands during trading, a decline of 70% from the average session volume of 34,124,086 shares. The stock had previously closed at $2.21.
Analyst Ratings Changes
LCID has been the topic of a number of research reports. Cantor Fitzgerald restated a "neutral" rating and set a $4.00 target price on shares of Lucid Group in a report on Tuesday, October 8th. Robert W. Baird reissued a "neutral" rating and issued a $3.00 target price on shares of Lucid Group in a research note on Monday, October 7th. Cfra set a $2.00 price target on Lucid Group in a research report on Thursday, October 17th. Needham & Company LLC reissued a "hold" rating on shares of Lucid Group in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $3.00 target price on shares of Lucid Group in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $3.54.
View Our Latest Analysis on Lucid Group
Lucid Group Stock Performance
The business's 50-day simple moving average is $3.34 and its 200 day simple moving average is $3.09. The firm has a market cap of $5.08 billion, a P/E ratio of -1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.45 and a current ratio of 3.96.
Lucid Group (NASDAQ:LCID - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.02). The firm had revenue of $200.58 million during the quarter, compared to the consensus estimate of $190.30 million. Lucid Group had a negative return on equity of 55.35% and a negative net margin of 390.39%. The business's revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.40) EPS. As a group, equities analysts predict that Lucid Group, Inc. will post -1.22 earnings per share for the current year.
Insider Activity at Lucid Group
In related news, SVP Eric Bach sold 89,959 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $3.14, for a total value of $282,471.26. Following the transaction, the senior vice president now directly owns 2,028,268 shares of the company's stock, valued at approximately $6,368,761.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 61.26% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Lucid Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCID. Pine Valley Investments Ltd Liability Co lifted its position in shares of Lucid Group by 34.9% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 13,710 shares of the company's stock valued at $36,000 after acquiring an additional 3,549 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Lucid Group by 6.0% in the 2nd quarter. Principal Financial Group Inc. now owns 66,004 shares of the company's stock worth $172,000 after purchasing an additional 3,715 shares during the period. Heritage Wealth Advisors grew its holdings in Lucid Group by 53.3% during the 1st quarter. Heritage Wealth Advisors now owns 11,500 shares of the company's stock valued at $33,000 after buying an additional 4,000 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Lucid Group by 5.5% in the first quarter. First Trust Direct Indexing L.P. now owns 82,922 shares of the company's stock worth $236,000 after buying an additional 4,350 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of Lucid Group by 22.0% during the third quarter. Greenleaf Trust now owns 25,487 shares of the company's stock worth $90,000 after acquiring an additional 4,604 shares during the last quarter. Institutional investors own 75.17% of the company's stock.
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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