Tudor Investment Corp ET AL Has $3.58 Million Position in Lucid Group, Inc. (NASDAQ:LCID)

Tudor Investment Corp ET AL increased its position in shares of Lucid Group, Inc. (NASDAQ:LCID - Free Report) by 605.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,185,199 shares of the company's stock after acquiring an additional 1,017,245 shares during the period. Tudor Investment Corp ET AL's holdings in Lucid Group were worth $3,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Lucid Group in the fourth quarter worth about $28,000. Accredited Investors Inc. acquired a new position in Lucid Group in the 4th quarter valued at $30,000. Proficio Capital Partners LLC acquired a new position in Lucid Group during the 4th quarter worth $31,000. DRW Securities LLC bought a new position in shares of Lucid Group in the fourth quarter worth about $31,000. Finally, First National Corp MA ADV bought a new position in Lucid Group in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 75.17% of the company's stock.

Analysts Set New Price Targets

LCID has been the subject of several research analyst reports. Morgan Stanley upgraded shares of Lucid Group from an "underweight" rating to an "equal weight" rating and set a $3.00 target price for the company in a research note on Tuesday, March 18th. Bank of America downgraded Lucid Group from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $3.00 to $1.00 in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of Lucid Group in a report on Wednesday, February 26th. Cowen initiated coverage on Lucid Group in a report on Thursday, March 6th. They set a "hold" rating on the stock. Finally, Redburn Atlantic lowered Lucid Group from a "neutral" rating to a "sell" rating and cut their target price for the company from $3.50 to $1.13 in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Lucid Group has an average rating of "Hold" and a consensus target price of $2.68.

Lucid Group Price Performance

LCID stock traded up $0.02 during trading on Tuesday, hitting $2.38. 35,775,882 shares of the stock traded hands, compared to its average volume of 64,438,292. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of -1.77 and a beta of 0.88. Lucid Group, Inc. has a one year low of $1.93 and a one year high of $4.43. The company has a 50 day simple moving average of $2.35 and a 200 day simple moving average of $2.55.

Lucid Group Company Profile

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.