On Tuesday, Lucid Group Inc (NASDAQ: LCID) opened lower -8.37% from the last session, before settling in for the closing price of $24.02. Price fluctuations for LCID have ranged from $15.25 to $36.40 over the past 52 weeks.
During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 54.19%. Company’s average yearly earnings per share was noted 27.76% at the time writing. With a float of $123.66 million, this company’s outstanding shares have now reached $307.23 million.
Lucid Group Inc (LCID) Insider Activity
A key investor’s attitude towards the stock of the Auto Manufacturers industry is another important factor to consider. The insider ownership of Lucid Group Inc is 59.75%, while institutional ownership is 16.81%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -2.8 earnings per share (EPS) for the quarter, besting the agreed prediction (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 27.76% 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
Check out the current performance indicators for Lucid Group Inc (LCID). In the past quarter, the stock posted a quick ratio of 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.53, a number that is poised to hit -2.32 in the next quarter and is forecasted to reach -6.80 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 10.68 million, which is a drop from its year-to-date volume of 11.62 million. As of the previous 9 days, the stock’s Stochastic %D was 55.96%.
During the past 100 days, Lucid Group Inc’s (LCID) raw stochastic average was set at 36.64%, which indicates a significant increase from 35.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.32 in the past 14 days, which was lower than the 1.33 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.64, while its 200-day Moving Average is $24.63. However, in the short run, Lucid Group Inc’s stock first resistance to watch stands at $23.36. Second resistance stands at $24.71. The third major resistance level sits at $25.64. If the price goes on to break the first support level at $21.08, it is likely to go to the next support level at $20.15. Should the price break the second support level, the third support level stands at $18.80.
Lucid Group Inc (NASDAQ: LCID) Key Stats
There are currently 307,250K shares outstanding in the company with a market cap of 6.76 billion. Presently, the company’s annual sales total 807,830 K according to its annual income of -2,714 M. Last quarter, the company’s sales amounted to 259,430 K and its income totaled -539,430 K.
