Signaturefd LLC Has $129,000 Position in Lucid Group, Inc. (NASDAQ:LCID)

Signaturefd LLC lifted its holdings in shares of Lucid Group, Inc. (NASDAQ:LCID) by 39.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,493 shares of the company’s stock after purchasing an additional 10,383 shares during the quarter. Signaturefd LLC’s holdings in Lucid Group were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp increased its position in shares of Lucid Group by 34.0% during the 1st quarter. Van ECK Associates Corp now owns 897,379 shares of the company’s stock worth $2,558,000 after purchasing an additional 227,908 shares during the last quarter. CWM LLC increased its position in shares of Lucid Group by 24.6% during the 3rd quarter. CWM LLC now owns 34,350 shares of the company’s stock worth $121,000 after purchasing an additional 6,771 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Lucid Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 83,740,087 shares of the company’s stock worth $238,659,000 after purchasing an additional 489,187 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Lucid Group by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 435,787 shares of the company’s stock worth $1,242,000 after acquiring an additional 23,752 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Lucid Group by 42.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,897 shares of the company’s stock worth $6,951,000 after acquiring an additional 732,463 shares during the period. Institutional investors and hedge funds own 75.17% of the company’s stock.

Insider Transactions at Lucid Group

In related news, SVP Eric Bach sold 89,959 shares of Lucid Group stock in a transaction on Friday, August 16th. The stock was sold at an average price of $3.14, for a total transaction of $282,471.26. Following the completion of the sale, the senior vice president now owns 2,028,268 shares of the company’s stock, valued at approximately $6,368,761.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 61.26% of the company’s stock.

Lucid Group Stock Performance

Shares of LCID opened at $2.52 on Tuesday. The company has a current ratio of 3.96, a quick ratio of 3.45 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of -1.98 and a beta of 1.04. The stock has a 50 day moving average of $3.46 and a 200 day moving average of $3.10. Lucid Group, Inc. has a 12 month low of $2.29 and a 12 month high of $5.31.

Lucid Group (NASDAQ:LCID) last announced its quarterly earnings data 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 the consensus estimate of $190.30 million. During the same period last year, the company posted ($0.40) earnings per share. Lucid Group’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, sell-side analysts forecast that Lucid Group, Inc. will post -1.28 earnings per share for the current year.

Analyst Ratings Changes

LCID has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Lucid Group in a report on Tuesday, October 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.00 price target on shares of Lucid Group in a report on Thursday, September 12th. Cfra set a $2.00 price target on Lucid Group in a report on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Lucid Group in a report on Wednesday, September 11th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $3.00 target price on shares of Lucid Group in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Lucid Group presently has a consensus rating of “Hold” and a consensus target price of $3.54.

About Lucid Group

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.