UMB Bank N A MO Buys Shares of 1,953 Lucid Group, Inc. (NASDAQ:LCID)

UMB Bank N A MO bought a new stake in Lucid Group, Inc. (NASDAQ:LCIDGet Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,953 shares of the company’s stock, valued at approximately $74,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Heritage Wealth Advisors lifted its holdings in Lucid Group by 14.3% in the 4th quarter. Heritage Wealth Advisors now owns 4,000 shares of the company’s stock valued at $152,000 after purchasing an additional 500 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Lucid Group by 255.6% during the 4th quarter. Toth Financial Advisory Corp now owns 800 shares of the company’s stock worth $30,000 after acquiring an additional 575 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of Lucid Group by 21.4% during the 4th quarter. HHM Wealth Advisors LLC now owns 3,400 shares of the company’s stock worth $129,000 after acquiring an additional 600 shares during the period. Accel Wealth Management purchased a new position in shares of Lucid Group during the 4th quarter worth about $25,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Lucid Group by 214.2% during the 4th quarter. Koshinski Asset Management Inc. now owns 974 shares of the company’s stock worth $37,000 after acquiring an additional 664 shares during the period. Institutional investors own 69.37% of the company’s stock.

Several research analysts have recently weighed in on LCID shares. Morgan Stanley cut their price objective on shares of Lucid Group from $16.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 3rd. Exane BNP Paribas began coverage on shares of Lucid Group in a report on Monday, April 11th. They set an “outperform” rating on the stock. BNP Paribas began coverage on shares of Lucid Group in a research report on Monday, April 11th. They set an “outperform” rating and a $45.00 target price for the company. Citigroup dropped their target price on shares of Lucid Group from $45.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, May 9th. Finally, Zacks Investment Research raised shares of Lucid Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of 34.17.

Shares of NASDAQ:LCID opened at 18.01 on Friday. The company has a 50 day moving average of 21.81 and a two-hundred day moving average of 32.10. Lucid Group, Inc. has a 52-week low of 13.25 and a 52-week high of 57.75. The company has a quick ratio of 16.11, a current ratio of 16.43 and a debt-to-equity ratio of 0.51.

Lucid Group (NASDAQ:LCIDGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported -0.05 earnings per share for the quarter, topping analysts’ consensus estimates of -0.30 by 0.25. The company had revenue of 57.70 million during the quarter, compared to analysts’ expectations of 55.56 million. Lucid Group’s quarterly revenue was up 18334.5% on a year-over-year basis. Research analysts anticipate that Lucid Group, Inc. will post -1.25 EPS for the current fiscal year.

Lucid Group Profile (Get Rating)

Lucid Group, Inc a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc was founded in 2007 and is headquartered in Newark, California.

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Institutional Ownership by Quarter for Lucid Group (NASDAQ:LCID)

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