LCID Surges on First Deliveries

During the last session, 121M of Lucid Group, Inc.’s (NasdaqGS:LCID) shares were traded. The stock closed at $36.53 per share indicating that it lost -$0.46 or -1.24% during that day which brings the Lucid Group, Inc.’s valuation to $59B.

The 52-week high for the Lucid Group, Inc.’s shares is $64.86. That puts it -43.68% from that peak but still a massive gain since the share price dropped to a 52-week low of $9.62, while the S&P 500’s share price change was of 33%.

The company currently has a P/E ratio and a price target of $23.33.


What does the trading volume tell us about the LCID stock?

During the last trading session, Lucid Group, Inc. (NasdaqGS:LCID) has seen decay in its daily volume. The daily volume was of 37M, while in the last 10 days the average was 149.09M and last three months – 37.07M.

The decreasing interest in the LCID stock from the investors is helping to drive the stock price down.