12,000 Shares in Lucid Group, Inc. (NASDAQ:LCID) Acquired by Two West Capital Advisors LLC

Two West Capital Advisors LLC bought a new position in Lucid Group, Inc. (NASDAQ:LCID) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,000 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pine Valley Investments Ltd Liability Co raised its position in shares of Lucid Group by 27.8% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 17,526 shares of the company’s stock worth $62,000 after acquiring an additional 3,816 shares in the last quarter. Greenleaf Trust raised its holdings in Lucid Group by 22.0% in the third quarter. Greenleaf Trust now owns 25,487 shares of the company’s stock worth $90,000 after purchasing an additional 4,604 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Lucid Group by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock valued at $36,000 after buying an additional 5,031 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Lucid Group by 3.4% in the 4th quarter. SG Americas Securities LLC now owns 157,160 shares of the company’s stock valued at $475,000 after buying an additional 5,121 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Lucid Group by 12.5% in the 2nd quarter. Amalgamated Bank now owns 47,916 shares of the company’s stock worth $125,000 after buying an additional 5,337 shares during the last quarter. 75.17% of the stock is currently owned by institutional investors.

Lucid Group Trading Up 2.6 %

LCID opened at $2.79 on Monday. The business’s fifty day simple moving average is $2.69 and its 200 day simple moving average is $3.05. Lucid Group, Inc. has a 52 week low of $1.93 and a 52 week high of $4.43. The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.77.

Lucid Group (NASDAQ:LCID) last released its earnings results on Thursday, November 7th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.09). The business had revenue of $200.04 million during the quarter, compared to analyst estimates of $199.50 million. Lucid Group had a negative net margin of 406.63% and a negative return on equity of 74.67%. During the same quarter in the previous year, the company posted ($0.28) earnings per share. As a group, equities analysts predict that Lucid Group, Inc. will post -1.25 EPS for the current year.

Insider Activity at Lucid Group

In related news, Director Public Investment Fund acquired 374,717,927 shares of Lucid Group stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $2.59 per share, for a total transaction of $970,519,430.93. Following the purchase, the director now directly owns 8,041,393 shares of the company’s stock, valued at $20,827,207.87. The trade was a -102.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 61.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LCID. Royal Bank of Canada lowered their target price on shares of Lucid Group from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 19th. Robert W. Baird restated a “neutral” rating and set a $3.00 target price on shares of Lucid Group in a research note on Monday, October 7th. Cfra set a $2.00 price target on Lucid Group in a research note on Thursday, October 17th. Needham & Company LLC restated a “hold” rating on shares of Lucid Group in a report on Friday, November 8th. Finally, R. F. Lafferty upgraded shares of Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lucid Group currently has a consensus rating of “Hold” and a consensus price target of $3.04.

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.