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New Big Money Means Lucid Diagnostics Inc (LUCD) Investors Could Reap Benefit

Lucid Diagnostics Inc (NASDAQ: LUCD) is 94.21% 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 $1.55 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $1.59, the stock is 12.33% and 27.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 2.58% at the moment leaves the stock 68.72% off its SMA200. LUCD registered 50.00% gain for a year compared to 6-month gain of 105.67%. The firm has a 50-day simple moving average (SMA 50) of $1.24486 and a 200-day simple moving average (SMA200) of $0.942455.

The stock witnessed a 11.58% loss in the last 1 month and extending the period to 3 months gives it a 105.13%, and is 1.27% up 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 6.17% over the week and 9.44% over the month.

Lucid Diagnostics Inc (LUCD) has around 72 employees, a market worth around $138.10M and $4.35M in sales. Profit margin for the company is -1220.09%. Distance from 52-week low is 152.34% and -2.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-737.38%).

The EPS is expected to grow by 29.75% this year

37.0 institutions hold shares in Lucid Diagnostics Inc (LUCD), with institutional investors hold 8.53% of the company’s shares. The shares outstanding are 63.07M, and float is at 32.98M with Short Float at 3.69%. Institutions hold 4.97% 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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