Lucid Group (NASDAQ:LCID) Shares Down 4.8% – What’s Next?

Posted by Brian Himes on Jul 10th, 2026

Lucid Group, Inc. (NASDAQ:LCID – Get Free Report)’s share price dropped 4.8% during trading on Friday . The stock traded as low as $5.55 and last traded at $5.55. 8,119,362 shares were traded during trading, a decline of 34% from the average daily volume of 12,298,031 shares. The stock had previously closed at $5.83.

More Lucid Group News

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

Positive Sentiment: Investors are also reacting to Lucid’s recent Q2 production and delivery update and a broader C-suite reorganization, which some market watchers say may signal an effort to improve execution and stabilize operations. Article Title
Neutral Sentiment: Several law firms, including Rosen, Kaplan Fox, Faruqi & Faruqi, the Gross Law Firm, the Schall Law Firm, and Howard G. Smith, issued repeated reminders about a July 28 lead-plaintiff deadline in a securities class action tied to Lucid shares purchased between February 25, 2026 and April 13, 2026. Article Title
Negative Sentiment: The ongoing securities-fraud lawsuit campaign is adding legal risk and sentiment pressure, as investors are being urged to join or lead the case before the deadline, which can weigh on the stock until the uncertainty is resolved. Article Title

Analyst Upgrades and Downgrades

LCID has been the subject of a number of research analyst reports. Robert W. Baird set a $6.00 price target on Lucid Group in a research report on Wednesday, May 6th. Citigroup reissued 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. TD Cowen reduced their price objective on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research report on Wednesday, June 24th. Finally, Benchmark cut Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $9.67.

Get Our Latest Report on LCID

Lucid Group Stock Down 4.8%

The stock’s 50-day moving average price is $5.82 and its two-hundred day moving average price is $8.50. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $2.17 billion, a P/E ratio of -0.42 and a beta of 0.83.

Hedge Funds Weigh In On Lucid Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in shares of Lucid Group during the 3rd quarter worth $1,361,978,000. SG Americas Securities LLC boosted its position in 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. Vanguard Group Inc. increased its stake in shares of Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock worth $127,488,000 after purchasing an additional 701,826 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Lucid Group in the fourth quarter valued at approximately $1,355,000. Finally, Calamos Advisors LLC bought a new stake in shares of Lucid Group in the fourth quarter valued at approximately $1,586,000. 75.17% of the stock is owned by institutional investors.

About Lucid Group

(Get Free Report)

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.