Lucid Group Inc (NASDAQ: LCID) kicked off on Friday, up 13.92% from the previous trading day, before settling in for the closing price of $16.16. Over the past 52 weeks, LCID has traded in a range of $15.25-$40.80.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 54.19%. While this was happening, its average annual earnings per share was recorded 27.25%. With a float of $123.65 million, this company’s outstanding shares have now reached $307.23 million.
Lucid Group Inc (LCID) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Lucid Group Inc is 59.75%, while institutional ownership is 16.82%. The most recent insider transaction that took place on Oct 30 ’24, was worth 970,894,149. In this transaction Director of this company bought 374,717,927 shares at a rate of $2.59, taking the stock ownership to the 2,205,602,291 shares. Before that another transaction happened on Oct 31 ’24, when Company’s Director bought 21,470,459 for $2.59, making the entire transaction worth $55,629,959. This insider now owns 2,227,072,750 shares in total.
Lucid Group Inc (LCID) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -2.8 earnings per share (EPS), higher than consensus estimate (set at -3.1) by 0.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.92 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.23% during the next five years compared to 54.19% growth over the previous five years of trading.
Lucid Group Inc (NASDAQ: LCID) Trading Performance Indicators
Take a look at Lucid Group Inc’s (LCID) current performance indicators. Last quarter, stock had a quick ratio of 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.53, a number that is poised to hit -2.36 in the next quarter and is forecasted to reach -6.74 in one year’s time.
Technical Analysis of Lucid Group Inc (LCID)
Looking closely at Lucid Group Inc (NASDAQ: LCID), its last 5-days average volume was 23.18 million, which is a jump from its year-to-date volume of 11.86 million. As of the previous 9 days, the stock’s Stochastic %D was 20.56%.
During the past 100 days, Lucid Group Inc’s (LCID) raw stochastic average was set at 17.13%, which indicates a significant decrease from 44.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.17 in the past 14 days, which was lower than the 1.36 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.00, while its 200-day Moving Average is $24.72. However, in the short run, Lucid Group Inc’s stock first resistance to watch stands at $19.33. Second resistance stands at $20.25. The third major resistance level sits at $21.77. If the price goes on to break the first support level at $16.89, it is likely to go to the next support level at $15.38. Should the price break the second support level, the third support level stands at $14.46.
Lucid Group Inc (NASDAQ: LCID) Key Stats
The company with the Market Capitalisation of 5.66 billion has total of 307,250K Shares Outstanding. Its annual sales at the moment are 807,830 K in contrast with the sum of -2,714 M annual income. Company’s last quarter sales were recorded 259,430 K and last quarter income was -539,430 K.
