Lucid Group (NASDAQ:LCID) Stock Price Down 3.4% – Here’s What Happened

Posted by Francis Steltz on Aug 14th, 2026

Lucid Group, Inc. (NASDAQ:LCID – Get Free Report) shares dropped 3.4% on Friday . The stock traded as low as $6.12 and last traded at $6.22. Approximately 6,256,945 shares traded hands during trading, a decline of 55% from the average daily volume of 13,938,946 shares. The stock had previously closed at $6.44.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LCID shares. TD Cowen lowered their price target on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a research note on Wednesday, May 6th. Evercore set a $6.00 price objective on Lucid Group in a report on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $7.00 target price (down from $8.00) on shares of Lucid Group in a research report on Monday, July 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $9.56.

Check Out Our Latest Research Report on LCID

Lucid Group Stock Down 3.4%

The company has a debt-to-equity ratio of 3.00, a current ratio of 1.14 and a quick ratio of 0.57. The firm’s 50 day moving average is $6.18 and its two-hundred day moving average is $7.75. The firm has a market capitalization of $2.43 billion, a P/E ratio of -0.45 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LCID. Royal Bank of Canada increased its stake in shares of Lucid Group by 9.5% during the 1st quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock worth $267,000 after purchasing an additional 9,578 shares during the last quarter. AQR Capital Management LLC lifted its stake in Lucid Group by 89.9% in the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock valued at $1,226,000 after purchasing an additional 254,551 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Lucid Group by 103.2% in the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after purchasing an additional 19,294 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after purchasing an additional 2,874,603 shares during the period. Finally, Empowered Funds LLC grew its holdings in Lucid Group by 11.3% during the first quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock worth $268,000 after purchasing an additional 11,252 shares during the period. Institutional investors own 75.17% of the company’s stock.

Lucid Group Company Profile

(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.