The stock of Lucid Group Inc. (NASDAQ: LCID) has increased by 1.31 when compared to last closing price of 7.61. Despite this, the company has experienced a 7.38% gain in its stock price over the last five trading sessions. The Wall Street Journal reported on 05/09/23 that Rivian’s Quarterly Loss Narrows as EV Startups Face Cash Crunch
Is It Worth Investing in Lucid Group Inc. (NASDAQ: LCID) Right Now?
Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Lucid Group Inc. (LCID) is $8.13, which is $0.62 above the current market price. The public float for LCID is 1.61B, and currently, short sellers hold a 9.67% ratio of that float. The average trading volume of LCID on May 26, 2023 was 16.49M shares.
LCID’s Market Performance
The stock of Lucid Group Inc. (LCID) has seen a 7.38% increase in the past week, with a -5.63% drop in the past month, and a -11.99% fall in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are at 5.49% for LCID. The simple moving average for the past 20 days is 4.58% for LCID’s stock, with a -27.38% simple moving average for the past 200 days.
LCID Trading at 1.27% 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 -64.60% of loss for the given period.
Volatility was left at 5.49%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares sank -2.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.53% lower at present.
During the last 5 trading sessions, LCID rose by +7.38%, which changed the moving average for the period of 200-days by -57.68% in comparison to the 20-day moving average, which settled at $7.36. In addition, Lucid Group Inc. saw 12.88% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LCID starting from PUBLIC INVESTMENT FUND, who purchase 85,712,679 shares at the price of $10.68 back on Dec 22. After this action, PUBLIC INVESTMENT FUND now owns 1,100,965,202 shares of Lucid Group Inc., valued at $914,999,991 using the latest closing price.
Bell Michael, the Senior Vice President, Digital of Lucid Group Inc., sale 12,574 shares at $8.57 during a trade that took place back on Dec 07, which means that Bell Michael is holding 1,261,950 shares at $107,716 based on the most recent closing price.
Stock Fundamentals for LCID
Current profitability levels for the company are sitting at:
- -426.52 for the present operating margin
- -170.66 for the gross margin
The net margin for Lucid Group Inc. stands at -214.49. The total capital return value is set at -40.53, while invested capital returns managed to touch -20.46. Equity return is now at value -87.30, with -44.70 for asset returns.
Based on Lucid Group Inc. (LCID), the company’s capital structure generated 53.99 points at debt to equity in total, while total debt to capital is 35.06. Total debt to assets is 29.81, with long-term debt to equity ratio resting at 53.27. Finally, the long-term debt to capital ratio is 34.59.
When we switch over and look at the enterprise to sales, we see a ratio of 17.39, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 40.29 and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.24.
Conclusion
To put it simply, Lucid Group Inc. (LCID) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
