Brighton Jones LLC bought a new stake in Lucid Group, Inc. (NASDAQ:LCID – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,772 shares of the company’s stock, valued at approximately $56,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Greenleaf Trust grew its stake in Lucid Group by 22.0% in the 3rd quarter. Greenleaf Trust now owns 25,487 shares of the company’s stock valued at $90,000 after buying an additional 4,604 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Lucid Group during the 3rd quarter worth approximately $49,000. Signaturefd LLC boosted its position in shares of Lucid Group by 39.8% during the 3rd quarter. Signaturefd LLC now owns 36,493 shares of the company’s stock worth $129,000 after acquiring an additional 10,383 shares in the last quarter. Friedenthal Financial bought a new position in Lucid Group in the 3rd quarter valued at approximately $50,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Lucid Group during the third quarter valued at $49,000. Institutional investors and hedge funds own 75.17% of the company’s stock.
Insider Buying and Selling
In other Lucid Group news, SVP Eric Bach sold 89,959 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $3.14, for a total transaction of $282,471.26. Following the transaction, the senior vice president now owns 2,028,268 shares in the company, valued at $6,368,761.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 61.26% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on LCID
Lucid Group Price Performance
Shares of NASDAQ:LCID opened at $2.50 on Monday. The firm’s 50 day moving average price is $3.47 and its 200-day moving average price is $3.10. Lucid Group, Inc. has a twelve month low of $2.29 and a twelve month high of $5.31. The company has a quick ratio of 3.45, a current ratio of 3.96 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $5.77 billion, a PE ratio of -1.97 and a beta of 1.04.
Lucid Group (NASDAQ:LCID – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.02). Lucid Group had a negative net margin of 390.39% and a negative return on equity of 55.35%. The firm had revenue of $200.58 million for the quarter, compared to analysts’ expectations of $190.30 million. During the same period in the prior year, the firm earned ($0.40) EPS. Lucid Group’s revenue for the quarter was up 32.9% compared to the same quarter last year. Equities research analysts expect that Lucid Group, Inc. will post -1.28 EPS for the current year.
Lucid Group Profile
Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.
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