Strategic Wealth Advisors Group LLC grew its holdings in Lucid Group, Inc. (NASDAQ:LCID – Get Rating) by 43.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,349 shares of the company’s stock after buying an additional 6,767 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Lucid Group were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Nauset Wealth Management. LLC acquired a new stake in shares of Lucid Group in the first quarter valued at about $25,000. IronBridge Private Wealth LLC acquired a new stake in shares of Lucid Group in the fourth quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Lucid Group during the first quarter worth about $29,000. Trustcore Financial Services LLC increased its position in Lucid Group by 180.0% during the fourth quarter. Trustcore Financial Services LLC now owns 812 shares of the company’s stock worth $31,000 after purchasing an additional 522 shares during the last quarter. Finally, HM Payson & Co. increased its position in Lucid Group by 325.0% during the fourth quarter. HM Payson & Co. now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 650 shares during the last quarter. 69.37% of the stock is currently owned by institutional investors and hedge funds.
Lucid Group Trading Down 8.1 %
Shares of LCID stock opened at 16.75 on Friday. Lucid Group, Inc. has a 1-year low of 13.25 and a 1-year high of 57.75. The company has a 50-day moving average of 18.46 and a two-hundred day moving average of 20.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 7.59 and a quick ratio of 6.75. The firm has a market cap of $28.02 billion, a PE ratio of -11.55 and a beta of 0.38.
Lucid Group (NASDAQ:LCID – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported -0.33 EPS for the quarter, beating analysts’ consensus estimates of -0.44 by 0.11. Lucid Group had a negative net margin of 1,030.53% and a negative return on equity of 34.45%. The company had revenue of 97.34 million during the quarter. On average, analysts predict that Lucid Group, Inc. will post -1.08 EPS for the current year.
Analyst Ratings Changes
Separately, Citigroup cut their price objective on shares of Lucid Group from $36.00 to $28.00 in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of 32.83.
Lucid Group Company Profile
Lucid Group, Inc a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc was founded in 2007 and is headquartered in Newark, California.
Receive News & Ratings for Lucid Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lucid Group and related companies with MarketBeat.com’s FREE daily email newsletter.