Steward Partners Investment Advisory LLC Buys 1,586 Shares of Lucid Group, Inc. (NASDAQ:LCID)

Steward Partners Investment Advisory LLC increased its holdings in Lucid Group, Inc. (NASDAQ:LCIDGet Rating) by 36.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,893 shares of the company’s stock after purchasing an additional 1,586 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Lucid Group were worth $150,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LCID. Nauset Wealth Management. LLC bought a new stake in Lucid Group in the first quarter worth $25,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Lucid Group in the fourth quarter worth $27,000. IronBridge Private Wealth LLC bought a new stake in Lucid Group in the fourth quarter worth $28,000. Trustcore Financial Services LLC boosted its stake 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 buying an additional 522 shares during the period. Finally, HM Payson & Co. boosted its stake 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 buying an additional 650 shares during the period. Institutional investors own 69.37% of the company’s stock.

Lucid Group Trading Up 1.5 %

Shares of LCID opened at 18.53 on Tuesday. The stock has a 50-day simple moving average of 18.60 and a 200-day simple moving average of 22.41. The company has a current ratio of 11.45, a quick ratio of 10.80 and a debt-to-equity ratio of 0.52. Lucid Group, Inc. has a 1 year low of 13.25 and a 1 year high of 57.75.

Lucid Group (NASDAQ:LCIDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported -0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of -0.30 by 0.25. The company had revenue of 57.70 million during the quarter, compared to analysts’ expectations of 55.56 million. The company’s revenue was up 18334.5% on a year-over-year basis. As a group, equities analysts forecast that Lucid Group, Inc. will post -1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LCID shares. Citigroup dropped their price objective on shares of Lucid Group from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, May 9th. Exane BNP Paribas assumed coverage on shares of Lucid Group in a research note on Monday, April 11th. They issued an “outperform” rating for the company. Finally, BNP Paribas assumed coverage on shares of Lucid Group in a report on Monday, April 11th. They issued an “outperform” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of 34.17.

About Lucid Group

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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.

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Institutional Ownership by Quarter for Lucid Group (NASDAQ:LCID)

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