On August 16, 2024, Eric Bach, Senior Vice President, Product & Chief Engineer of Lucid Group Inc (NASDAQ:LCID), completed a sale of 89,959 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 2,028,268 shares of Lucid Group Inc.

Lucid Group Inc, known for its advanced luxury electric vehicles, aims to set new standards in vehicle performance, efficiency and design. The company’s focus on technology and innovation continues to drive its prominence in the electric vehicle industry.

In the past year, Eric Bach sold a total of 89,959 shares and bought no shares of the company. The insider transaction history for Lucid Group Inc shows a total of 2 insider sales and 0 insider purchases in the past year.

Lucid Group Inc. shares were trading at $3.14 on the day of the transaction, giving the company a market capitalization of around $7.30 billion. The stock’s valuation metrics such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio, and price-to-free cash flow ratio are important in assessing the company’s stock price relative to its earnings and book value.

According to GF Value, the estimated intrinsic value of Lucid Group Inc. is $9.11 per share, which suggests that the stock is currently undervalued, with a Price to GF Value ratio of 0.34. This valuation suggests that the stock could be a possible value trap and investors should think twice before making any investment decision.

The GF value is calculated based on historical trading multiples, a GuruFocus adjustment factor and estimates of future business performance provided by Morningstar analysts.

This sale by a key Lucid Group Inc. insider provides important information for investors as insider transactions can provide insight into the company’s future prospects and valuation.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.