Lucid Group Inc. Common Stock (NASDAQ:LCID) price on Wednesday, August 25, fall -4.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.81.
A look at the stock’s price movement, the close in the last trading session was $22.83, moving within a range at $21.77 and $22.50. Turning to its 52-week performance, $64.86 and $9.60 were the 52-week high and 52-week low respectively. Overall, LCID moved -13.38% over the past month.
Lucid Group Inc. Common Stock’s market cap currently stands at around $35.37 billion, with investors looking forward to this quarter’s earnings report slated for May 06, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that LCID is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
LCID’s current price about -5.75% and -9.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.76, while 7-day volatility ratio is 3.89% and 4.28% in the 30-day chart. Further, Lucid Group Inc. Common Stock (LCID) has a beta value of 0, and an average true range (ATR) of 1.27.
In the market, a comparison of Lucid Group Inc. Common Stock (LCID) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Lucid Group Inc. Common Stock (NASDAQ:LCID), historical trading data shows that trading volumes averaged 11.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 258.75 million shares.
The 2.10% of Lucid Group Inc. Common Stock’s shares are in the hands of company insiders while institutional holders own 1.10% of the company’s shares. Current price change has pushed the stock 117.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LCID stock continues to rise going into the next quarter.