Lucid Group Inc. (NASDAQ:LCID) went up by 0.04% from its latest closing price compared to the recent 1-year high of $64.86. The company’s stock price has collected 10.76% of gains in the last five trading sessions. The Wall Street Journal reported 4 hours ago that Gores Guggenheim SPAC Nears Deal to Combine With Polestar
Is It Worth Investing in Lucid Group Inc. (NASDAQ :LCID) Right Now?
Opinions of the stock are interesting as 2 analysts out of 4 who provided ratings for Lucid Group Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $23.33. LCID currently public float of 207.00M and currently shorts hold a 20.86% ratio of that float. Today, the average trading volume of LCID was 21.01M shares.
LCID’s Market Performance
LCID stocks went up by 10.76% for the week, with a monthly jump of 16.60% and a quarterly performance of 0.99%, while its annual performance rate touched 160.29%. The volatility ratio for the week stands at 10.61% while the volatility levels for the past 30 days are set at 6.84% for Lucid Group Inc.. The simple moving average for the period of the last 20 days is 20.52% for LCID stocks with a simple moving average of 12.07% for the last 200 days.
Analysts’ Opinion of LCID
Many brokerage firms have already submitted their reports for LCID stocks, with BofA Securities repeating the rating for LCID by listing it as a “Buy.” The predicted price for LCID in the upcoming period, according to BofA Securities is $30 based on the research report published on September 15th of the current year 2021.
Morgan Stanley, on the other hand, stated in their research note that they expect to see LCID reach a price target of $12. The rating they have provided for LCID stocks is “Underweight” according to the report published on September 14th, 2021.
Citigroup gave a rating of “Buy” to LCID, setting the target price at $28 in the report published on September 09th of the current year.
LCID Trading at 13.38% from the 50-Day Moving Average
After a stumble in the market that brought LCID to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.79% of loss for the given period.
Volatility was left at 6.84%, however, over the last 30 days, the volatility rate increased by 10.61%, as shares surge +18.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.76% upper at present.
During the last 5 trading sessions, LCID rose by +10.76%, which changed the moving average for the period of 200-days by +157.91% in comparison to the 20-day moving average, which settled at $21.30. In addition, Lucid Group Inc. saw 154.05% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for LCID
Equity return is now at value -116.20, with -73.50 for asset returns.