<div id="readability-page-1"><p>Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) traded up 1.8% on Friday . The stock traded as high as $2.21 and last traded at $2.21. 11,084,492 shares were traded  during mid-day trading, a decline of 70% from the average session volume of 37,385,211 shares. The stock had previously closed at $2.17.</p><h2>Analyst Ratings Changes</h2><ul><li>Tesla Stock Dips on EV Tax Break Cut— Perfect Time to Buy?</li></ul><p>Several analysts have recently issued reports on the company. Robert W. Baird  reissued a &#34;neutral&#34; rating and set a $3.00 target price on shares of Lucid Group in a report on Monday, October 7th. Cantor Fitzgerald  reiterated a &#34;neutral&#34; rating and set a $4.00 price objective on shares of Lucid Group in a research note on Tuesday, October 8th. Royal Bank of Canada dropped their target price on shares of Lucid Group from $3.00 to $2.00 and set a &#34;sector perform&#34; rating for the company in a research report on Tuesday, November 19th. R. F. Lafferty raised shares of Lucid Group from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $4.00 price target for the company in a report on Monday, November 11th. Finally, Cfra  set a $2.00 price objective on shares of Lucid Group in a research note on Thursday, October 17th. One analyst  has rated the stock with a sell rating, seven have assigned  a hold rating and one  has assigned  a buy rating to the stock. According to data from MarketBeat, Lucid Group currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $3.16.</p><p><b>Read Our Latest Stock Analysis on Lucid Group</b></p><h2>Lucid Group Price Performance</h2><ul><li>A $1.75 Billion Gamble: Can Lucid Ignite Growth?</li></ul><p>The business's 50-day simple moving average is $2.74 and its two-hundred day simple moving average is $3.04. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of -1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.71 and a quick ratio of 3.26. </p><h2>Insider Buying and Selling</h2><p>In other Lucid Group news, Director Public Investment Fund bought 374,717,927 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $2.59 per share, for a total transaction of $970,519,430.93. Following the transaction, the director now directly owns 8,041,393 shares in the company, valued at approximately $20,827,207.87. This represents a -102.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. 61.26% of the stock is currently owned by corporate insiders. </p><h2>Institutional Trading of Lucid Group</h2><ul><li>Is Lucid Group Nearing the Bottom? What Investors Should Know</li></ul><p>Several institutional investors have recently modified their holdings of LCID. Sanctuary Advisors LLC bought a new stake in shares of  Lucid Group in the 2nd quarter valued at about $26,000.  Accredited Investors Inc. bought a new position in shares of  Lucid Group during the 2nd quarter worth approximately $27,000.  Frank Rimerman Advisors LLC boosted its stake in shares of  Lucid Group by 925.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 10,250 shares of the company's stock worth $27,000 after buying an additional 9,250 shares during the last quarter.  QRG Capital Management Inc. purchased a new position in shares of  Lucid Group in the 2nd quarter worth approximately $34,000.  Finally, Pine Valley Investments Ltd Liability Co grew its holdings in shares of  Lucid Group by 34.9% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 13,710 shares of the company's stock valued at $36,000 after acquiring an additional 3,549 shares in the last quarter. Institutional investors own  75.17% of the company's stock. </p><h2>About Lucid Group</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Lucid Group</li><li>Short Selling: How to Short a Stock</li><li>The Latest 13F Filings Are In: See Where Big Money Is Flowing</li><li>What Are Dividend Challengers?</li><li>3 Penny Stocks Ready to Break Out in 2025</li><li>5 Top Rated Dividend Stocks to Consider</li><li>FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lucid Group wasn't on the list.</p><p>While Lucid Group currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LCID

<p>Lucid Group (NASDAQ:LCID) saw its stock price rise by 1.8% to $0.21, with 11,084,492 shares traded, a significant drop from its average volume. Analysts maintain a consensus rating of "Hold" with a price target of $0.16. Recent insider trading included a substantial purchase by the Public Investment Fund, increasing their stake significantly. Institutional investors hold 75.17% of the stock. Lucid Group specializes in electric vehicles and related technologies, selling directly to consumers.</p>

Lucid Group (NASDAQ:LCID) Stock Price Up 1.8% - Here's Why