Lucid Group, Inc. (NASDAQ:LCID) Receives $13.14 Average Target Price from Brokerages

Lucid Group, Inc. (NASDAQ:LCID) has received an average rating of “Reduce” from the eleven brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.25.

Several research analysts recently commented on the company. Royal Bank Of Canada dropped their price target on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Bank of America assumed coverage on Lucid Group in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price target for the company. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. TD Cowen reiterated a “hold” rating and issued a $10.00 price target (down from $19.00) on shares of Lucid Group in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating on shares of Lucid Group in a research report on Thursday, February 19th.

Trending Headlines about Lucid Group

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

• Positive Sentiment: New strategic partnership and funding from Uber (initial order + $500M investment) expand Lucid’s addressable market via robotaxis and provide a large-customer relationship that could support scale and revenue visibility. Read More.
• Positive Sentiment: Board named Silvio Napoli as CEO, a leadership change intended to bring manufacturing and operational discipline from his prior industrial experience. This could help execution if he stabilizes production and cost controls. Read More.
• Neutral Sentiment: Analysts and market commentators remain divided: some highlight long-term upside linked to robotaxis and BOM cost cuts, while others question near-term viability given weak recent returns. This leaves sentiment volatile and news-sensitive. Read More.
• Negative Sentiment: Company warned of a sharp Q1 revenue miss and is pursuing additional capital, which directly drives investor fears of dilution and weak near-term cash generation. Read More.
• Negative Sentiment: Multiple analyst downgrades have been published, prompting selling pressure and lowering near-term analyst support levels. Read More.
• Negative Sentiment: Two law firms announced investor investigations/claims related to Lucid, increasing legal risk and investor uncertainty (adds headline risk and potential costs). Read More. Read More.
• Negative Sentiment: Market reaction is amplified by heavy volume and a stretched recent performance trend (30-day and 1-year losses noted by analysts), making the stock more sensitive to further negative news. Read More.

Lucid Group Trading Down 5.2%

Shares of LCID stock opened at $7.30 on Monday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -0.60 and a beta of 1.16. Lucid Group has a 12-month low of $7.23 and a 12-month high of $33.70. The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 3.00. The stock’s 50-day moving average price is $9.76 and its 200-day moving average price is $12.86.

Institutional Trading of Lucid Group

Institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its stake in Lucid Group by 9.7% in the second quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company’s stock worth $25,000 after purchasing an additional 1,055 shares during the last quarter. Brown Advisory Inc. lifted its stake in Lucid Group by 47.5% in the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after purchasing an additional 5,000 shares during the last quarter. Silverlake Wealth Management LLC bought a new stake in Lucid Group in the second quarter worth about $39,000. Jump Financial LLC bought a new stake in Lucid Group in the second quarter worth about $41,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in Lucid Group in the second quarter worth about $59,000. Institutional investors 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.