Lucid Group (NASDAQ:LCID) Stock Price Up 10% – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID) shares rose 10% during mid-day trading on Monday . The company traded as high as $6.68 and last traded at $6.51. Approximately 25,646,283 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 12,269,422 shares. The stock had previously closed at $5.92.

Lucid Group News Roundup

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

• Positive Sentiment: Lucid continues to benefit from renewed retail interest tied to its role in autonomous driving partnerships, including Uber’s planned integration of Nuro Driver on Lucid vehicles for a future 35,000-vehicle fleet. This keeps Lucid in the conversation as a potential platform for robotaxi growth. Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
• Neutral Sentiment: Multiple law firms issued reminders about the July 28, 2026 lead plaintiff deadline in a securities class action against Lucid over alleged investor harm during the February 25 to April 13 class period. These notices add legal overhang, but they are largely procedural updates for now. LCID Deadline: Rosen Law Firm Encourages Lucid Investors
• Neutral Sentiment: Another article argued Lucid is facing serious financial red flags and raised concerns about bankruptcy risk. While not new company data, it reinforces investor worries about Lucid’s cash burn and balance-sheet pressure. A Big Red Flag for Lucid — Is it Speeding Toward Bankruptcy?
• Negative Sentiment: The biggest near-term headwind remains the securities class action, with the company now facing formal lawsuit coverage and repeated deadline notices. That keeps legal risk front and center for investors. Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc. and Certain Officers

Analyst Ratings Changes

A number of research firms have weighed in on LCID. Bank of America initiated coverage on shares of Lucid Group in a research report on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price objective on the stock. TD Cowen lowered their target price on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Zacks Research raised shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Evercore set a $6.00 price target on shares of Lucid Group in a report on Monday, May 11th. Finally, Royal Bank Of Canada reduced their price objective on shares of 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. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $9.67.

Lucid Group Price Performance

The firm has a market cap of $2.59 billion, a PE ratio of -0.50 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 stock has a 50 day moving average price of $5.86 and a two-hundred day moving average price of $8.79.

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

Institutional Investors Weigh In On Lucid Group

Hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in Lucid Group during the third quarter valued at $1,361,978,000. Uber Technologies Inc purchased a new position in shares of Lucid Group during the 3rd quarter worth approximately $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $25,973,000 after buying an additional 3,465,542 shares in the last quarter. Vanguard Group Inc. grew its position in Lucid Group by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after acquiring an additional 701,826 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Lucid Group by 112.0% during the 1st 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. 75.17% of the stock is 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.