Lucid Group (NASDAQ:LCID) Rating Lowered to Hold at Benchmark

Lucid Group (NASDAQ:LCID) was downgraded by Benchmark from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Citigroup began coverage on Lucid Group in a research report on Wednesday, March 18th. They set a “buy” rating and a $17.00 price target on the stock. Royal Bank Of Canada lowered their price target on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Cantor Fitzgerald restated a “neutral” rating and set a $14.00 price target on shares of Lucid Group in a research report on Monday. Bank of America began coverage on Lucid Group in a research report on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price target on the stock. Finally, Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $12.25.

Lucid Group Price Performance

NASDAQ:LCID opened at $6.25 on Wednesday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -0.52 and a beta of 0.88. Lucid Group has a 52-week low of $5.62 and a 52-week high of $33.70. The stock has a fifty day moving average of $8.99 and a 200 day moving average of $11.56. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.29). The business had revenue of $282.47 million for the quarter, compared to the consensus estimate of $358.46 million. Lucid Group had a negative net margin of 207.87% and a negative return on equity of 138.82%. Lucid Group’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.20) EPS. On average, research analysts expect that Lucid Group will post -9.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL purchased a new position in shares of Lucid Group in the third quarter worth about $1,361,978,000. Uber Technologies Inc purchased a new position in shares of Lucid Group in the third quarter worth about $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Lucid Group by 39.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after buying an additional 3,465,542 shares during the period. Vanguard Group Inc. increased its holdings in shares of Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock worth $127,488,000 after buying an additional 701,826 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Lucid Group by 112.0% in the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after buying an additional 2,874,603 shares during the period. Hedge funds and other institutional investors own 75.17% of the company’s stock.

Lucid Group News Summary

Here are the key news stories impacting Lucid Group this week:

• Positive Sentiment: Large capital raise improves near-term liquidity: Lucid announced ~ $1.05 billion of new capital including $550M in convertible preferred from a PIF affiliate, $300M from a registered offering and $200M from Uber (raising Uber’s total stake to $500M), which reduces near‑term financing risk. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Production and deliveries are increasing: Lucid produced ~5,500 vehicles in Q1 (up 149% YoY) and delivered 3,093, showing operational scale-up progress that supports future revenue upside if demand holds. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Analyst upside and some bullish coverage: Several analysts maintain price targets well above the current level (Street average implies material upside), which can support speculative buying and longer-term investor interest. Wall Street Sees 104% Upside for Lucid
• Neutral Sentiment: Earnings call / disclosures provide forward guidance context: Management’s Q1 call included forward‑looking statements and use of non‑GAAP metrics; investors should review the transcript/slides for details behind cost‑cutting and the incoming CEO’s review. Lucid (LCID) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Big earnings and revenue miss: Lucid reported a substantially wider Q1 loss (nearly $1B) and revenue far below estimates, triggering the initial selloff as profitability and top-line momentum disappointed. Lucid Stock Drops After Earnings Miss. What’s Going On at the EV Maker.
• Negative Sentiment: Supplier disruption trimmed Gravity SUV deliveries, worsening the revenue miss: A supplier issue in February reduced vehicle deliveries and was a major driver of the quarterly shortfall. Lucid misses quarterly revenue estimates as supplier issue hits Gravity SUV deliveries
• Negative Sentiment: Guidance pulled, inventory bloated and CEO transition raise execution risk: Management suspended production guidance amid a companywide cost review and incoming CEO review; Lucid says it will adjust production after ending Q1 with elevated inventory, increasing uncertainty around near‑term volume and margins. Lucid Motors doesn’t know how many EVs it will build this year

About Lucid Group

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.