Lucid Group, Inc. (NASDAQ:LCID – Get Free Report)’s share price fell 4.9% during trading on Thursday . The stock traded as low as $6.22 and last traded at $6.45. 10,338,057 shares changed hands during trading, a decline of 27% from the average daily volume of 14,193,135 shares. The stock had previously closed at $6.78.
Lucid Group News Roundup
Here are the key news stories impacting Lucid Group this week:
- Positive Sentiment: No meaningful positive company-specific catalyst was reported in the last 24-36 hours.
- Neutral Sentiment: Multiple law firms issued reminders that the lead-plaintiff deadline in the Lucid securities class action is July 28, 2026, keeping the lawsuit in focus but not adding new operational information. Kaplan Fox Notifies Lucid Group, Inc. (LCID) Investors of a Securities Class Action Deadline on July 28, 2026
- Neutral Sentiment: Rosen Law Firm and other shareholder-rights firms repeated their calls for investors who bought LCID during the February 25 to April 13 class period to seek counsel before the deadline, underscoring ongoing legal overhang. LCID Deadline: Rosen Law Firm Urges Lucid Group, Inc. (NASDAQ: LCID) Stockholders to Contact the Firm for Information About Their Rights
- Neutral Sentiment: Lucid also drew broader EV-sector attention after a report noted Tesla’s sharp post-earnings selloff and said Rivian and Lucid slipped alongside the sector, adding to weak sentiment around EV names. Tesla Slides 8% on Earnings Miss Despite Record Deliveries; Rivian, Lucid Slip
- Negative Sentiment: Zacks Research downgraded Lucid from hold to strong sell, a direct bearish signal that likely weighed on the stock. Zacks Research downgrade
- Negative Sentiment: News coverage highlighted allegations in the class action that Lucid missed delivery and revenue expectations, reinforcing concerns about execution and financial performance. Levi & Korsinsky Reminds Lucid Group, Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of July 28, 2026 – LCID
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LCID. Citigroup restated a “buy” rating and issued a $14.00 price target (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Evercore set a $6.00 price objective on shares of Lucid Group in a research note on Monday, May 11th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a report on Wednesday, May 6th. Zacks Research downgraded shares of Lucid Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $14.00 target price on shares of Lucid Group in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Lucid Group currently has an average rating of “Reduce” and an average price target of $9.56.
Lucid Group Trading Down 4.9%
The company has a market cap of $2.52 billion, a price-to-earnings ratio of -0.49 and a beta of 0.83. The firm has a 50-day moving average price of $5.85 and a 200 day moving average price of $8.18. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00.
Hedge Funds Weigh In On Lucid Group
Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Lucid Group by 1,574.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after purchasing an additional 2,740 shares during the period. Brown Advisory Inc. raised its holdings in shares of 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 purchasing an additional 5,000 shares during the period. Jump Financial LLC acquired a new stake in shares of Lucid Group during the second quarter worth $41,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of Lucid Group during the second quarter worth $59,000. Finally, Leonteq Securities AG bought a new position in shares of Lucid Group in the 4th quarter worth about $67,000. 75.17% of the stock is currently owned by 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.
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