Lucid Group (NASDAQ:LCID) Trading Down 9.3% – Should You Sell?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price traded down 9.3% during mid-day trading on Thursday . The stock traded as low as $6.22 and last traded at $6.27. 37,030,897 shares changed hands during mid-day trading, an increase of 272% from the average session volume of 9,949,777 shares. The stock had previously closed at $6.91.

Key Headlines Impacting Lucid Group

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

• Positive Sentiment: Uber disclosed an 11.5% ownership stake and expanded a robotaxi order to 35,000, alongside a $1.05B capital commitment and autonomy partnership — a major commercial and financial endorsement for Lucid’s vehicle and autonomy roadmap. Lucid Sees Uber Raise Stake, Expands Robotaxi Commitment
• Positive Sentiment: Unusually large volume in Lucid call options suggests some traders are positioning for an upside move or takeover premium, which can amplify short-term buying pressure. Stock Traders Buy Large Volume of Lucid Group Call Options (NASDAQ:LCID)
• Neutral Sentiment: Speculation that Saudi Arabia’s Public Investment Fund (PIF) might take Lucid private is circulating; PIF is already Lucid’s largest shareholder, lender, and a big customer — a potential buyout could lift shares but also raises governance and valuation questions. Lucid Group Faces PIF Take Private Speculation And Valuation Questions
• Negative Sentiment: Multiple law firms (Schall, Pomerantz) have announced investigations into Lucid over possible securities law violations, increasing legal and reputational risk and likely weighing on investor sentiment and valuation. LCID Investors Have Opportunity to Join Lucid Group, Inc. Fraud Investigation with the Schall Law Firm INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lucid Group, Inc. – LCID
• Negative Sentiment: News coverage highlighting a sharp intraday decline and questions about whether a PIF buyout is “the only way out” is driving negative sentiment and volatility, reinforcing downside pressure as investors debate Lucid’s path to sustainable profitability. Lucid Tanks 10%: Is a Saudi PIF Buyout the Only Way Out for This Struggling EV Maker?

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America assumed coverage on Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price objective on the stock. TD Cowen restated a “hold” rating and issued a $10.00 price objective (down from $19.00) on shares of Lucid Group in a research note on Wednesday, April 15th. Benchmark restated a “buy” rating on shares of Lucid Group in a research note on Thursday, February 19th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Citigroup assumed coverage on Lucid Group in a research note on Wednesday, March 18th. They issued a “buy” rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lucid Group presently has a consensus rating of “Reduce” and a consensus price target of $12.25.

Lucid Group Stock Performance

The company has a market cap of $2.05 billion, a P/E ratio of -0.52 and a beta of 1.16. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00. The stock has a 50 day moving average price of $9.53 and a two-hundred day moving average price of $12.42.

Hedge Funds Weigh In On Lucid Group

Large investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in shares of Lucid Group during the third quarter worth approximately $1,361,978,000. Y Intercept Hong Kong Ltd bought a new position in shares of Lucid Group during the third quarter worth approximately $2,248,000. SG Americas Securities LLC increased its stake in shares of Lucid Group by 65.9% during the fourth quarter. SG Americas Securities LLC now owns 181,153 shares of the company’s stock worth $1,915,000 after purchasing an additional 71,966 shares during the period. Lecap Asset Management Ltd. bought a new position in Lucid Group during the 3rd quarter worth $780,000. Finally, Corient Private Wealth LLC increased its stake in Lucid Group by 48.1% during the 2nd quarter. Corient Private Wealth LLC now owns 125,811 shares of the company’s stock worth $265,000 after acquiring an additional 40,873 shares during the period. 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.