The stock of Lucid Group Inc (NASDAQ: LCID) has decreased by -4.64 when compared to last closing price of 3.02.Despite this, the company has seen a loss of -12.47% in its stock price over the last five trading days. prnewswire.com reported 2025-01-13 that Quarterly test volume of over 4,000 tests represented sequential increase of 45 percent NEW YORK, Jan. 13, 2025 /PRNewswire/ — Lucid Diagnostics Inc. (Nasdaq: LUCD) (“Lucid” or the “Company”), a commercial-stage, cancer prevention medical diagnostics company and subsidiary of PAVmed Inc. (Nasdaq: PAVM), today announced it performed a record number of commercial EsoGuard® Esophageal DNA Tests during the fourth quarter of 2024. The preliminary total of 4,042 tests, the highest quarterly test volume in the Company’s history, represents a sequential increase of 45 percent from the third quarter 2024 and an annual increase of 84 percent from the fourth quarter of 2023, demonstrating continued growing demand for EsoGuard esophageal precancer testing.
Is It Worth Investing in Lucid Group Inc (NASDAQ: LCID) Right Now?
The 36-month beta value for LCID is at 0.95. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for LCID is 1.17B, and currently, shorts hold a 18.87% of that float. The average trading volume for LCID on January 13, 2025 was 83.15M shares.
LCID’s Market Performance
LCID’s stock has seen a -12.47% decrease for the week, with a 22.03% rise in the past month and a -13.52% fall in the past quarter. The volatility ratio for the week is 10.04%, and the volatility levels for the past 30 days are at 9.91% for Lucid Group Inc The simple moving average for the past 20 days is -3.15% for LCID’s stock, with a -1.59% simple moving average for the past 200 days.
Analysts’ Opinion of LCID
Many brokerage firms have already submitted their reports for LCID stocks, with R. F. Lafferty repeating the rating for LCID by listing it as a “Buy.” The predicted price for LCID in the upcoming period, according to R. F. Lafferty is $4 based on the research report published on November 11, 2024 of the previous year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see LCID reach a price target of $4. The rating they have provided for LCID stocks is “Neutral” according to the report published on August 06th, 2024.
Citigroup gave a rating of “Neutral” to LCID, setting the target price at $2.90 in the report published on April 22nd of the previous year.
LCID Trading at 15.02% 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 -34.99% of loss for the given period.
Volatility was left at 9.91%, however, over the last 30 days, the volatility rate increased by 10.04%, as shares surge +19.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.65% upper at present.
During the last 5 trading sessions, LCID fell by -12.01%, which changed the moving average for the period of 200-days by +4.89% in comparison to the 20-day moving average, which settled at $2.97. In addition, Lucid Group Inc saw -4.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LCID starting from PUBLIC INVESTMENT FUND, who purchase 374,717,927 shares at the price of $2.59 back on Oct 30 ’24. After this action, PUBLIC INVESTMENT FUND now owns 2,205,602,291 shares of Lucid Group Inc, valued at $970,894,149 using the latest closing price.
PUBLIC INVESTMENT FUND, the Director of Lucid Group Inc, purchase 21,470,459 shares at $2.59 during a trade that took place back on Oct 31 ’24, which means that PUBLIC INVESTMENT FUND is holding 2,227,072,750 shares at $55,629,959 based on the most recent closing price.
Stock Fundamentals for LCID
Current profitability levels for the company are sitting at:
- -4.14 for the present operating margin
- -1.32 for the gross margin
The net margin for Lucid Group Inc stands at -4.07. The total capital return value is set at -0.41. Equity return is now at value -64.93, with -34.08 for asset returns.
Based on Lucid Group Inc (LCID), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.96. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is -99.4.
Currently, EBITDA for the company is -2.57 billion with net debt to EBITDA at -0.19. When we switch over and look at the enterprise to sales, we see a ratio of 12.59. The receivables turnover for the company is 7.44for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.71.
Conclusion
In conclusion, Lucid Group Inc (LCID) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
