Lucid Group (NASDAQ:LCID) Shares Down 3.4% After Analyst Downgrade

Lucid Group, Inc. (NASDAQ:LCID) dropped 3.4% during trading on Monday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $7.02 and last traded at $7.11. Approximately 20,991,724 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 14,210,761 shares. The stock had previously closed at $7.36.

LCID has been the topic of a number of other reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $14.00 price target on shares of Lucid Group in a research report on Monday, May 4th. Robert W. Baird set a $6.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. TD Cowen reduced their price target on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Evercore set a $6.00 price target on shares of Lucid Group in a report on Monday, May 11th. Finally, Citigroup restated a “buy” rating and issued a $14.00 price objective (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lucid Group presently has a consensus rating of “Reduce” and a consensus price target of $9.56.

Trending Headlines about Lucid Group

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

• Negative Sentiment: Multiple law firms, including Pomerantz, Kaplan Fox, Rosen, Bernstein Liebhard, Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, and others, have announced or promoted a class action lawsuit against Lucid tied to alleged investor harm during the February 25, 2026 to April 13, 2026 period, with a key lead-plaintiff deadline of July 28, 2026. Article Title
• Negative Sentiment: Levi & Korsinsky said Lucid’s results fell well short of prior expectations, citing only 3,093 vehicle deliveries versus 5,237 expected and a large revenue shortfall, reinforcing concerns about execution and profitability. Article Title
• Negative Sentiment: Zacks Research downgraded Lucid from hold to strong sell, adding to bearish sentiment around the stock. Article Title
• Negative Sentiment: Brokerage coverage also pointed to a cautious stance, with Lucid reportedly receiving an average rating of Reduce from analysts. Article Title

Institutional Investors Weigh In On Lucid Group

A number of hedge funds and other institutional investors have recently made changes to their positions in LCID. Handelsbanken Fonder AB boosted its stake in Lucid Group by 81.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 73,729 shares of the company’s stock worth $493,000 after purchasing an additional 33,200 shares during the period. CX Institutional lifted its holdings in shares of Lucid Group by 69.6% in the second quarter. CX Institutional now owns 13,207 shares of the company’s stock valued at $88,000 after purchasing an additional 5,422 shares in the last quarter. Verus Capital Partners LLC acquired a new position in shares of Lucid Group during the first quarter worth about $108,000. Essential Partners LLC bought a new position in shares of Lucid Group during the first quarter worth about $126,000. Finally, J. Derek Lewis & Associates Inc. raised its position in Lucid Group by 32.8% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 19,820 shares of the company’s stock valued at $189,000 after buying an additional 4,896 shares during the last quarter. 75.17% of the stock is currently owned by institutional investors and hedge funds.

Lucid Group Stock Performance

The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -0.52 and a beta of 0.83. The stock has a 50-day moving average of $5.84 and a 200-day moving average of $8.21. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02.

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.