2 weeks Ago By ABMN Staff
LPL Financial LLC raised its holdings in Lucid Group, Inc. ( NASDAQ:LCID – Free Report ) by 15.8% during the fourth quarter, HoldingsChannel reports.
The firm owned 293,090 shares of the company’s stock after buying an additional 39,945 shares during the period. LPL Financial LLC’s holdings in Lucid Group were worth $885,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also made changes to their positions in the company.
Newbridge Financial Services Group Inc. acquired a new position in Lucid Group in the 4th quarter valued at about $28,000. Proficio Capital Partners LLC acquired a new position in shares of Lucid Group in the fourth quarter valued at approximately $31,000.
First National Corp MA ADV acquired a new position in shares of Lucid Group in the fourth quarter valued at approximately $32,000. Yousif Capital Management LLC purchased a new stake in shares of Lucid Group during the fourth quarter worth approximately $32,000. Finally, Citizens Financial Group Inc.
RI acquired a new stake in shares of Lucid Group during the fourth quarter worth $32,000. 75.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several brokerages have issued reports on LCID. Bank of America cut shares of Lucid Group from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $3.00 to $1.
00 in a research note on Wednesday, February 26th. Stifel Nicolaus cut their price target on shares of Lucid Group from $3.50 to $3.
00 and set a “hold” rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3.00 price objective on shares of Lucid Group in a report on Thursday, April 3rd.
Robert W. Baird increased their target price on Lucid Group from $2.00 to $3.
00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Morgan Stanley raised Lucid Group from an “underweight” rating to an “equal weight” rating and set a $3.00 price target for the company in a report on Tuesday, March 18th.
Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.
69. Lucid Group Trading Down 2.5 % Shares of LCID stock opened at $2.
32 on Tuesday. Lucid Group, Inc. has a fifty-two week low of $1.
93 and a fifty-two week high of $4.43. The company has a quick ratio of 3.
26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77.
The business has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $2.61.
The stock has a market cap of $7.03 billion, a P/E ratio of -1.73 and a beta of 0.
88. Lucid Group Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding LCID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lucid Group, Inc.
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