First National Corp MA ADV Invests $32,000 in Lucid Group, Inc. (NASDAQ:LCID)

First National Corp MA ADV acquired a new stake in shares of Lucid Group, Inc. (NASDAQ:LCID) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,435 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in Lucid Group in the fourth quarter worth $28,000. Empowered Funds LLC acquired a new position in shares of Lucid Group in the 4th quarter valued at $301,000. Lecap Asset Management Ltd. bought a new position in shares of Lucid Group during the 4th quarter worth about $861,000. Stratos Wealth Partners LTD. boosted its position in shares of Lucid Group by 46.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,706 shares of the company’s stock valued at $63,000 after acquiring an additional 6,577 shares in the last quarter. Finally, Yousif Capital Management LLC acquired a new stake in shares of Lucid Group during the 4th quarter valued at about $32,000. Institutional investors own 75.17% of the company’s stock.

Lucid Group Stock Performance

Shares of NASDAQ:LCID opened at $2.83 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.71 and a quick ratio of 3.26. Lucid Group, Inc. has a 12 month low of $1.93 and a 12 month high of $4.43. The company’s 50-day moving average price is $2.82 and its two-hundred day moving average price is $2.99.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.09). Lucid Group had a negative net margin of 406.63% and a negative return on equity of 74.67%. The company had revenue of $200.04 million for the quarter, compared to the consensus estimate of $199.50 million. During the same period last year, the company earned ($0.28) earnings per share. On average, sell-side analysts predict that Lucid Group, Inc. will post -1.25 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on LCID. R. F. Lafferty upgraded shares of Lucid Group from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Monday, November 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3.00 price target on shares of Lucid Group in a research note on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on Lucid Group from $3.00 to $2.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 19th. Cfra set a $2.00 target price on shares of Lucid Group in a research note on Thursday, October 17th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Lucid Group in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.04.

Lucid Group 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.