Lucid Group Inc. (NASDAQ:LCID) shares traded 1.90% higher at $12.07 on Wall Street last session.
LCID stock price is now 42.20% away from the 50-day moving average and -17.68% away from the 200-day moving average. The market capitalization of the company currently stands at $14.18B.
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, while ‘Evercore ISI’ rates the stock as ‘In-line’.
In other news, PUBLIC INVESTMENT FUND, Director bought 85,712,679 shares of the company’s stock on Dec 22. The stock was bought for $914,999,991 at an average price of $10.68. Upon completion of the transaction, the Director now directly owns 1,100,965,202 shares in the company, valued at $13.29 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07, Senior Vice President, Digital Bell Michael sold 12,574 shares of the business’s stock. A total of $107,716 was realized by selling the stock at an average price of $8.57. This leaves the insider owning 1,261,950 shares of the company worth $15.23 million. Insiders disposed of 10,134,783 shares of company stock worth roughly $122.33 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LCID stock. A new stake in Lucid Group Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $24,015,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $6,358,000 in shares of LCID during the first quarter. In the first quarter, WOLVERINE ASSET MANAGEMENT LLC acquired a new stake in Lucid Group Inc. valued at approximately $5,038,000. QUADRATURE CAPITAL LTD acquired a new stake in LCID for approximately $1,856,000. COMPAGNIE LOMBARD ODIER SCMA purchased a new stake in LCID valued at around $1,197,000 in the second quarter. In total, there are 611 active investors with 72.00% ownership of the company’s stock.
Lucid Group Inc. (NASDAQ: LCID) opened at $12.20 on Thursday. During the past 12 months, Lucid Group Inc. has had a low of $6.09 and a high of $30.12. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 5.00, and a quick ratio of 4.20. The fifty day moving average price for LCID is $8.49 and a two-hundred day moving average price translates $14.66 for the stock.
The latest earnings results from Lucid Group Inc. (NASDAQ: LCID) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$0.33, beating analysts’ expectations of -$0.36 by 0.03. This compares to -$0.43 EPS in the same period last year. The company reported revenue of $195.46 million for the quarter, compared to $0.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 84148.71 percent. For the current quarter, analysts expect LCID to generate $209.06M in revenue.
Lucid Group Inc.(LCID) 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.
