Lucid Group, Inc. (NASDAQ:LCID) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in shares of Lucid Group, Inc. (NASDAQ:LCID) by 605.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,185,199 shares of the company’s stock after purchasing an additional 1,017,245 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Lucid Group were worth $3,579,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Lucid Group in the fourth quarter worth $28,000. Accredited Investors Inc. acquired a new position in Lucid Group during the 4th quarter worth $30,000. Proficio Capital Partners LLC bought a new stake in shares of Lucid Group in the 4th quarter worth about $31,000. DRW Securities LLC acquired a new stake in shares of Lucid Group in the 4th quarter valued at about $31,000. Finally, First National Corp MA ADV bought a new position in shares of Lucid Group during the fourth quarter worth about $32,000. 75.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LCID has been the subject of several research analyst reports. Morgan Stanley raised Lucid Group from an “underweight” rating to an “equal weight” rating and set a $3.00 price objective for the company in a report on Tuesday, March 18th. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Lucid Group in a research note on Friday, March 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3.00 price objective on shares of Lucid Group in a report on Thursday, April 3rd. Needham & Company LLC reissued a “hold” rating on shares of Lucid Group in a report on Wednesday, February 26th. Finally, TD Cowen assumed coverage on shares of Lucid Group in a report on Friday, March 7th. They issued a “hold” rating and a $2.30 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.68.

Lucid Group Stock Performance

Lucid Group stock opened at $2.53 on Friday. The firm has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $2.56. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of -1.89 and a beta of 0.88. 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, Inc. has a 52-week low of $1.93 and a 52-week high of $4.43.

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.