Lucid Group (NASDAQ:LCID) Trading Up 21.5% – Still a Buy?

Posted by Geri Gentry on Jul 30th, 2026

Shares of Lucid Group, Inc. (NASDAQ:LCID – Get Free Report) rose 21.5% during mid-day trading on Tuesday . The company traded as high as $8.50 and last traded at $7.90. 39,428,166 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 14,272,208 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

Several brokerages have commented on LCID. Zacks Research cut shares of Lucid Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Evercore set a $6.00 price target on Lucid Group in a research report on Monday, May 11th. Benchmark cut Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $6.00 price objective on Lucid Group in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $9.56.

View Our Latest Stock Analysis on LCID

Lucid Group Stock Performance

The company has a debt-to-equity ratio of 3.00, a current ratio of 1.02 and a quick ratio of 0.48. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -0.62 and a beta of 0.83. The stock has a 50-day moving average price of $5.96 and a 200 day moving average price of $8.03.

Institutional Trading of Lucid Group

Several hedge funds have recently bought and sold shares of LCID. EverSource Wealth Advisors LLC lifted its stake 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 valued at $28,000 after buying an additional 2,740 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Lucid Group during the fourth quarter worth $67,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lucid Group during the fourth quarter worth $77,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Lucid Group during the fourth quarter worth $86,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Lucid Group during the third quarter worth $212,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.

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.