Lucid Group (NASDAQ:LCID) Trading Down 1% – Time to Sell?

Lucid Group, Inc. (NASDAQ:LCID) traded down 1% during mid-day trading on Wednesday . The stock traded as low as $5.08 and last traded at $5.1370. Approximately 8,651,782 shares were traded during mid-day trading, a decline of 28% from the average session volume of 11,994,898 shares. The stock had previously closed at $5.19.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Lucid is positioning its recent restructuring — including an 18% reduction in U.S. jobs, shift eliminations, and removal of the COO role — as a move to improve efficiency, profitability, and cash flow over time.
• Neutral Sentiment: Some market coverage compared Lucid with Rivian and broader EV peers, but the commentary appears more analytical than directly tied to a new business catalyst.
• Negative Sentiment: Multiple law firms announced or reminded investors about a Lucid securities class action, with a key lead-plaintiff deadline of July 28, 2026, keeping litigation risk in focus for shareholders. Article Title
• Negative Sentiment: One lawsuit filing specifically alleges investor harm and claims Lucid and certain officers violated federal securities laws during the class period, which can weigh on sentiment and increase legal overhang. Article Title
• Negative Sentiment: Reports that Lucid cut about 18% of its U.S. workforce and eliminated the COO role highlight operational stress and ongoing restructuring, which may signal continued execution challenges. Article Title

Analysts Set New Price Targets

LCID has been the topic of a number of recent research reports. TD Cowen dropped their price objective on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Bank of America began coverage on Lucid Group in a report on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Benchmark downgraded shares of Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Citigroup reiterated a “buy” rating and issued a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.67.

Lucid Group Stock Performance

The firm has a market cap of $2.00 billion, a PE ratio of -0.39 and a beta of 0.89. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00. The company has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $9.04.

Lucid Group (NASDAQ:LCID) last released its earnings results on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.29). The business had revenue of $282.46 million for the quarter, compared to the consensus estimate of $358.46 million. Lucid Group had a negative return on equity of 304.01% and a negative net margin of 248.09%.The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. As a group, equities research analysts forecast that Lucid Group, Inc. will post -10.75 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jain Global LLC grew its position in shares of Lucid Group by 13.3% during the 4th quarter. Jain Global LLC now owns 10,220 shares of the company’s stock valued at $108,000 after acquiring an additional 1,200 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Lucid Group by 3.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock worth $393,000 after purchasing an additional 1,336 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Lucid Group by 11.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock valued at $144,000 after purchasing an additional 1,430 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Lucid Group by 9.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company’s stock valued at $190,000 after purchasing an additional 1,569 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Lucid Group by 16.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,645 shares of the company’s stock valued at $123,000 after purchasing an additional 1,604 shares during the period. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

Lucid Group Company Profile

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.