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Lucid Diagnostics Inc (LUCD) – Don’t Be So Quick to Call it Dead

Lucid Diagnostics Inc (NASDAQ: LUCD) is 56.35% higher on its value in year-to-date trading and has touched a low of $0.63 and a high of $1.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LUCD stock was last observed hovering at around $1.32 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $1.28, the stock is -8.39% and 15.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -3.03% at the moment leaves the stock 40.60% off its SMA200. LUCD registered 1.59% gain for a year compared to 6-month gain of 59.58%. The firm has a 50-day simple moving average (SMA 50) of $1.10984 and a 200-day simple moving average (SMA200) of $0.910455.

The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 57.25%, and is -7.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.88% over the week and 11.36% over the month.

Lucid Diagnostics Inc (LUCD) has around 70 employees, a market worth around $107.05M and $4.19M in sales. Profit margin for the company is -1248.84%. Distance from 52-week low is 103.14% and -21.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-626.59%).

The EPS is expected to grow by 84.26% this year

36.0 institutions hold shares in Lucid Diagnostics Inc (LUCD), with institutional investors hold 9.86% of the company’s shares. The shares outstanding are 51.60M, and float is at 31.75M with Short Float at 5.65%. Institutions hold 5.39% of the Float.

The top institutional shareholder in the company is LUMINUS MANAGEMENT LLC with over 0.73 million shares valued at $0.6 million. The investor’s holdings represent 1.6124 of the LUCD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.56 million shares valued at $0.46 million to account for 1.2461 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.2 million shares representing 0.454 and valued at over $0.17 million, while NANTAHALA CAPITAL MANAGEMENT, LLC holds 0.2807 of the shares totaling 0.13 million with a market value of $0.1 million.

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