Lucid Group (NASDAQ:LCID) Stock Price Up 10% – Time to Buy?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price shot up 10% on Thursday . The stock traded as high as $5.19 and last traded at $5.17. 17,251,751 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 12,017,051 shares. The stock had previously closed at $4.70.

Key Lucid Group News

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

• Positive Sentiment: No clearly positive company-specific catalyst was reported in the latest articles.
• Neutral Sentiment: Several law firms announced or promoted securities class action claims against Lucid, keeping the stock in the news but not adding new business fundamentals; the suits cover investors who bought shares between February 25, 2026 and April 13, 2026.
• Neutral Sentiment: TechCrunch reported that top Lucid executive Emad Dlala left the company amid a broader leadership shakeup under the new CEO, which adds uncertainty but does not by itself confirm an operational setback. Article Title
• Negative Sentiment: The class action allegations focus on alleged supplier quality misrepresentations and delivery disruptions for the Lucid Gravity, raising concerns about execution, transparency, and potential financial liability. Article Title

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LCID. Citigroup reaffirmed a “buy” rating and issued a $14.00 target price (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. TD Cowen lowered their price target on 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 Lucid Group from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Bank of America began coverage on Lucid Group in a report on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price target for the company. Finally, Benchmark downgraded Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.67.

Lucid Group Stock Performance

The company has a market cap of $2.02 billion, a price-to-earnings ratio of -0.39 and a beta of 0.89. The firm has a 50-day simple moving average of $6.83 and a 200 day simple moving average of $9.54. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.29). The firm had revenue of $282.47 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned ($0.20) EPS. On average, sell-side analysts predict that Lucid Group, Inc. will post -10.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Lucid Group by 1,574.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after buying an additional 2,740 shares during the period. Brown Advisory Inc. increased its position in Lucid Group by 47.5% during the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after buying an additional 5,000 shares during the period. Jump Financial LLC acquired a new stake in Lucid Group during the 2nd quarter worth approximately $41,000. Worldquant Millennium Advisors LLC acquired a new stake in Lucid Group during the 2nd quarter worth approximately $59,000. Finally, Leonteq Securities AG acquired a new stake in Lucid Group during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 75.17% of the company’s stock.

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.