Lucid Group Inc (NASDAQ: LCID) on Tuesday, plunged -1.68% from the previous trading day, before settling in for the closing price of $16.64. Within the past 52 weeks, LCID’s price has moved between $15.25 and $36.40.
A company in the Consumer Cyclical sector has jumped its sales by 54.19% annually for the last half of the decade. The company achieved an average annual earnings per share of 27.75%. With a float of $126.74 million, this company’s outstanding shares have now reached $307.23 million.
In an organization with 6800 employees, it is important to assess its efficiency.
Lucid Group Inc (LCID) Insider and Institutional Ownership
Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Lucid Group Inc is 58.75%, while institutional ownership is 16.83%.
Lucid Group Inc (LCID) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -2.8 earnings per share (EPS) for the period topping the consensus outlook (set at -3.1) by 0.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of -2.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.36% 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
Lucid Group Inc (LCID) is currently performing well based on its current performance indicators. A quick ratio of 2.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.53, a number that is poised to hit -2.29 in the next quarter and is forecasted to reach -6.78 in one year’s time.
Technical Analysis of Lucid Group Inc (LCID)
Let’s dig in a bit further. During the last 5-days, its volume was 9.99 million. That was inferior than the volume of 11.33 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.41%.
During the past 100 days, Lucid Group Inc’s (LCID) raw stochastic average was set at 6.02%, which indicates a significant increase from 3.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.95 in the past 14 days, which was lower than the 1.25 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.38, while its 200-day Moving Average is $23.51. However, in the short run, Lucid Group Inc’s stock first resistance to watch stands at $16.71. Second resistance stands at $17.05. The third major resistance level sits at $17.33. If the price goes on to break the first support level at $16.09, it is likely to go to the next support level at $15.81. The third support level lies at $15.47 if the price breaches the second support level.
Lucid Group Inc (NASDAQ: LCID) Key Stats
Market capitalization of the company is 5.03 billion based on 307,250K outstanding shares. Right now, sales total 807,830 K and income totals -2,714 M. The company made 259,430 K in profit during its latest quarter, and -539,430 K in sales during its previous quarter.
