Lucid Group Inc. Common Stock (NASDAQ:LCID) went up by 0.40% from its latest closing price compared to the recent 1-year high of $64.86. The company’s stock price has collected 6.81% of gains in the last five trading sessions. Barron’s reported on 09/09/21 that Lucid Stock Got Its First Rating. Why One Analyst Likes It More Than Tesla.
Is It Worth Investing in Lucid Group Inc. Common Stock (NASDAQ :LCID) Right Now?
Opinions of the stock are interesting as 1 analysts out of 2 who provided ratings for Lucid Group Inc. Common Stock declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $28.00. LCID currently public float of 207.00M and currently shorts hold a 21.33% ratio of that float. Today, the average trading volume of LCID was 13.76M shares.
LCID’s Market Performance
LCID stocks went up by 6.81% for the week, with a monthly drop of -18.55% and a quarterly performance of -20.72%. The volatility ratio for the week stands at 5.31% while the volatility levels for the past 30 days are set at 4.64% for Lucid Group Inc. Common Stock. The simple moving average for the period of the last 20 days is -5.71% for LCID stocks with a simple moving average of -9.66% for the last 200 days.
Analysts’ Opinion of LCID
Many brokerage firms have already submitted their reports for LCID stocks, with Citigroup repeating the rating for LCID by listing it as a “Buy.” The predicted price for LCID in the upcoming period, according to Citigroup is $28 based on the research report published on September 09th of the current year 2021.
LCID Trading at -14.08% 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 -69.27% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares sank -16.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.85% lower at present.
During the last 5 trading sessions, LCID rose by +6.81%, which changed the moving average for the period of 200-days by +104.41% in comparison to the 20-day moving average, which settled at $20.94. In addition, Lucid Group Inc. Common Stock saw 99.10% 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.