Cladis Investment Advisory LLC Has $185,000 Holdings in Lucid Group, Inc. (NASDAQ:LCID)

Cladis Investment Advisory LLC cut its holdings in Lucid Group, Inc. (NASDAQ:LCIDFree Report) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,000 shares of the company’s stock after selling 7,000 shares during the quarter. Cladis Investment Advisory LLC’s holdings in Lucid Group were worth $185,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. lifted its stake in Lucid Group by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 290,103 shares of the company’s stock valued at $1,221,000 after buying an additional 5,627 shares during the period. KBC Group NV raised its position in shares of Lucid Group by 19.2% during the fourth quarter. KBC Group NV now owns 39,171 shares of the company’s stock worth $165,000 after purchasing an additional 6,323 shares during the period. GM Advisory Group LLC raised its position in shares of Lucid Group by 45.5% during the fourth quarter. GM Advisory Group LLC now owns 171,549 shares of the company’s stock worth $722,000 after purchasing an additional 53,640 shares during the period. Bank of Nova Scotia acquired a new position in shares of Lucid Group during the fourth quarter worth approximately $74,000. Finally, Treasurer of the State of North Carolina raised its position in shares of Lucid Group by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 330,438 shares of the company’s stock worth $1,391,000 after purchasing an additional 3,230 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

Lucid Group Stock Performance

NASDAQ:LCID traded down $0.06 during trading on Friday, reaching $2.73. The company’s stock had a trading volume of 16,984,625 shares, compared to its average volume of 24,483,780. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of -2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.12 and a current ratio of 4.66. The firm has a 50 day moving average of $2.70 and a 200-day moving average of $3.28. Lucid Group, Inc. has a 12 month low of $2.29 and a 12 month high of $8.37.

Lucid Group (NASDAQ:LCIDGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.05). The firm had revenue of $172.74 million for the quarter, compared to the consensus estimate of $173.54 million. Lucid Group had a negative return on equity of 53.53% and a negative net margin of 441.29%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) EPS. Research analysts expect that Lucid Group, Inc. will post -1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America lowered their target price on Lucid Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. Cantor Fitzgerald lowered Lucid Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $6.00 to $4.00 in a research report on Thursday, February 22nd. Stifel Nicolaus decreased their price target on Lucid Group from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of Lucid Group in a report on Tuesday, May 7th. Finally, Citigroup reiterated a “neutral” rating and set a $2.90 price target on shares of Lucid Group in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.24.

Get Our Latest Stock Report on Lucid Group

Lucid Group Company Profile

(Free Report)

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.

Further Reading

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

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