12 Most Buzzing Stocks to Buy According to Hedge Funds

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10. Lucid Group, Inc. (NASDAQ:LCID)

Volume: 66.5 Million

Average Volume (3-Month): 88.2 Million

Number of Hedge Fund Holders: 19

Lucid Group, Inc. (NASDAQ:LCID) is an automotive and technology company that manufactures and sells electric vehicles and also supplies groundbreaking electric vehicle powertrain systems. The company’s first EV factory is expected to complete construction soon. The factory has an initial capacity to make 10,000 cars every day and more than 300,000 annually with incremental expansion plans.

In the third quarter of 2024, Lucid Group, Inc. (NASDAQ:LCID) produced 1,805 vehicles and delivered 2,781. In an impressive feat, the company reported a record number of deliveries, the third consecutive quarter of the company achieving such. With 90.9% year-over-year growth, the company boasts a solid opportunity explaining its ranking on our list. In addition to that, during the quarter, the company deployed 11 software updates in 3D lane visualization, driver-initiated lane change assist, and updated UX features.

Overall, Lucid Group, Inc. (NASDAQ:LCID) has an impressive lineup in-store up until the end of 2026. With these new additions, the company will be able to expand its total addressable market further, explaining why 19 hedge funds held stakes in the firm at the end of Q3 2024. Analysts are also bullish on the stock and their median price target of $3 points to an upside of 7%.

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