2 weeks Ago By Defense World Staff
Lucid Group, Inc. (NASDAQ:LCID – Get Free Report) was up 3% during trading on Friday . The company traded as high as $2.
40 and last traded at $2.38. Approximately 68,255,068 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 61,403,298 shares.
The stock had previously closed at $2.31.Analyst Ratings ChangesA number of analysts have commented on LCID shares.
TD Cowen started coverage on shares of Lucid Group in a report on Friday, March 7th. They issued a “hold” rating and a $2.30 price objective for the company.
Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Lucid Group in a report on Friday, March 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $3.
00 price objective on shares of Lucid Group in a research report on Thursday, April 3rd. Bank of America cut Lucid Group from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $3.00 to $1.
00 in a report on Wednesday, February 26th. Finally, Cowen started coverage on shares of Lucid Group in a research report on Thursday, March 6th. They set a “hold” rating on the stock.
Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.
69.View Our Latest Analysis on Lucid GroupLucid Group Trading Up 3.0 %The stock has a market cap of $7.
21 billion, a price-to-earnings ratio of -1.78 and a beta of 0.88.
The business has a fifty day simple moving average of $2.48 and a 200 day simple moving average of $2.62.
The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.
71. Institutional Inflows and OutflowsA number of hedge funds and other institutional investors have recently bought and sold shares of LCID. Grimes & Company Inc.
acquired a new position in shares of Lucid Group in the first quarter worth about $27,000. D Orazio & Associates Inc. purchased a new stake in Lucid Group during the 1st quarter worth approximately $44,000.
Brighton Jones LLC acquired a new position in shares of Lucid Group in the 1st quarter valued at approximately $65,000. Azzad Asset Management Inc. ADV purchased a new position in shares of Lucid Group during the 1st quarter valued at approximately $151,000.
Finally, Fifth Third Bancorp bought a new stake in shares of Lucid Group in the first quarter worth $123,000. 75.17% of the stock is owned by institutional investors and hedge funds.
About Lucid Group (Get 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.
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