New York State Common Retirement Fund decreased its position in shares of Lucid Group, Inc. (NASDAQ:LCID) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 450,738 shares of the company’s stock after selling 66,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Lucid Group were worth $1,091,000 as of its most recent SEC filing. Several other hedge funds have also recently added to or reduced their stakes in LCID. Bank of New York Mellon Corp grew its position in shares of Lucid Group by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 3,091,063 shares of the company’s stock worth $7,480,000 after buying an additional 132,497 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Lucid Group during the 4th quarter worth approximately $780,000. XTX Topco Ltd grew its position in shares of Lucid Group by 395.7% during the 4th quarter. XTX Topco Ltd now owns 849,140 shares of the company’s stock worth $2,564,000 after buying an additional 677,846 shares during the period. Norges Bank acquired a new stake in shares of Lucid Group during the 4th quarter worth approximately $9,446,000. Finally, Vontobel Holding Ltd. grew its position in shares of Lucid Group by 119.5% during the 1st quarter. Vontobel Holding Ltd. now owns 532,459 shares of the company’s stock worth $1,289,000 after buying an additional 289,880 shares during the period. Institutional investors own 75.17% of the company’s stock. Lucid Group Stock Down 2.9% <a>LCID</a> opened at $2.99 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.32 and a quick ratio of 2.97. The company’s 50-day moving average is $2.39 and its 200 day moving average is $2.52. Lucid Group, Inc. has a fifty-two week low of $1.93 and a fifty-two week high of $4.43. The firm has a market capitalization of $9.12 billion, a P/E ratio of -2.47 and a beta of 0.78. Lucid Group (<a>NASDAQ:LCID</a> – <a>Get Free Report</a>) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Lucid Group had a negative net margin of 275.73% and a negative return on equity of 68.64%. The firm had revenue of $235.05 million for the quarter, compared to the consensus estimate of $250.50 million. During the same period in the previous year, the business earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. Research analysts expect that Lucid Group, Inc. will post -1.25 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth Several analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Lucid Group from $2.00 to $3.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $3.00 price objective on shares of Lucid Group in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.68. Lucid Group Profile (<a>Free Report</a>) 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.

New York State Common Retirement Fund Sells 66,500 Shares of Lucid Group, Inc. (NASDAQ:LCID)

New York State Common Retirement Fund reduced its stake in Lucid Group, Inc. (NASDAQ:LCID) by 12.9% in Q1 2025, selling 66,500 shares. Other institutional investors, including Bank of New York Mellon Corp, Raymond James Financial Inc., and XTX Topco Ltd., adjusted their positions in LCID. Lucid Group reported Q1 earnings of ($0.24) EPS, missing estimates, with a market cap of $9.12 billion and a P/E ratio of -2.47.