Lucid Group Inc (NASDAQ: LCID) is -12.32% lower on its value in year-to-date trading and has touched a low of $1.93 and a high of $4.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LCID stock was last observed hovering at around $2.82 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $3.13, the stock is 32.37% and 30.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 257.87 million and changing 10.99% at the moment leaves the stock 23.05% off its SMA200. LCID registered 3.64% gain for a year compared to 6-month loss of 1.95%. The firm has a 50-day simple moving average (SMA 50) of $2.3906 and a 200-day simple moving average (SMA200) of $2.543625.
The stock witnessed a 42.92% gain in the last 1 month and extending the period to 3 months gives it a 34.91%, and is 34.33% 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 12.69% over the week and 6.64% over the month.
Lucid Group Inc (LCID) has around 6800 employees, a market worth around $9.55B and $870.14M in sales. Profit margin for the company is -357.17%. Distance from 52-week low is 62.18% and -29.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.38%).
with sales reaching $280.66M over the same period.The EPS is expected to grow by 27.65% this year, but quarterly earnings will post 70.21% year-over-year. Quarterly sales are estimated to grow 39.92% in year-over-year returns.
Lucid Group Inc (LCID) Top Institutional Holders
582.0 institutions hold shares in Lucid Group Inc (LCID), with institutional investors hold 74.85% of the company’s shares. The shares outstanding are 3.05B, and float is at 1.20B with Short Float at 33.00%. Institutions hold 73.72% of the Float.
The top institutional shareholder in the company is PUBLIC INVESTMENT FUND with over 1.37 billion shares valued at $3.59 billion. The investor’s holdings represent 59.5015% of the LCID Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 83.69 million shares valued at $218.44 million to account for 3.6225 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 45.23 million shares representing 1.9577% and valued at over $118.05 million, while MILLENNIUM MANAGEMENT LLC holds 0.8018 of the shares totaling 18.53 million with a market value of $48.35 million.
Lucid Group Inc (LCID) Insider Activity
The most recent transaction is an insider purchase by PUBLIC INVESTMENT FUND, the company’s Director. SEC filings show that PUBLIC INVESTMENT FUND bought 374,717,927 shares of the company’s common stock on Oct 30 ’24 at a price of $2.59 per share for a total of $970.89 million. Following the purchase, the insider now owns 2.21 billion shares.
Lucid Group Inc disclosed in a document filed with the SEC on Oct 31 ’24 that PUBLIC INVESTMENT FUND (Director) bought a total of 21,470,459 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $2.59 per share for $55.63 million. Following the transaction, the insider now directly holds 2.23 billion shares of the LCID stock.
Still, SEC filings show that on Aug 16 ’24, Bach Eric (SVP, Product & Chief Engineer) disposed off 89,959 shares at an average price of $3.14 for $0.28 million. The insider now directly holds 2,028,268 shares of Lucid Group Inc (LCID).
