Lucid Group (NASDAQ:LCID) Shares Up 5.5% – Should You Buy?

Posted by Stanley Muller on Oct 22nd, 2026

Lucid Group, Inc. (NASDAQ:LCID – Get Free Report) shares rose 5.5% on Tuesday. The stock traded as high as $3.30 and last traded at $3.27. 24,260,038 shares traded hands during trading, an increase of 82% from the average session volume of 13,330,738 shares. The stock had previously closed at $3.10.

Analyst Upgrades and Downgrades

LCID has been the topic of a number of research reports. Citigroup cut their price objective on shares of Lucid Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. William Blair downgraded shares of Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. UBS Group reiterated a “hold” rating on shares of Lucid Group in a research note on Tuesday, October 6th. Morgan Stanley lowered their price target on shares of Lucid Group from $5.00 to $3.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. Finally, Zacks Research raised shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $8.67.

Get Our Latest Analysis on Lucid Group

Lucid Group Price Performance

The firm has a 50-day moving average of $4.41 and a 200 day moving average of $5.74. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -0.23 and a beta of 1.00.

Lucid Group (NASDAQ:LCID – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($2.78) earnings per share for the quarter, missing the consensus estimate of ($2.36) by ($0.42). Lucid Group had a negative return on equity of 1,391.51% and a negative net margin of 249.21%. The company had revenue of $405.35 million for the quarter, compared to analyst estimates of $381.59 million. During the same period last year, the firm earned ($0.24) EPS. The firm’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, equities analysts forecast that Lucid Group, Inc. will post -12.15 earnings per share for the current year.

Hedge Funds Weigh In On Lucid Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Lucid Group by 1,574.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after acquiring an additional 2,740 shares in the last quarter. IFP Advisors Inc grew its position in shares of Lucid Group by 1,231.3% in the 2nd quarter. IFP Advisors Inc now owns 3,781 shares of the company’s stock valued at $25,000 after acquiring an additional 3,497 shares during the period. Allworth Financial LP grew its position in shares of Lucid Group by 249.9% in the 2nd quarter. Allworth Financial LP now owns 4,010 shares of the company’s stock valued at $27,000 after acquiring an additional 2,864 shares during the period. Nykredit A S bought a new position in shares of Lucid Group in the 2nd quarter valued at about $47,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Lucid Group during the 4th quarter worth about $77,000. 75.17% of the stock is owned by institutional investors.

Lucid Group Company Profile

(Get Free Report)

Lucid Group, Inc is an electric vehicle and technology company headquartered in Newark, California. Through its Lucid Motors subsidiary, the company designs, engineers, and manufactures premium electric vehicles, with an emphasis on range, energy efficiency, performance, and advanced in-car technology.

Lucid’s vehicle lineup includes the Lucid Air luxury electric sedan and the Lucid Gravity electric SUV. The company also develops electric powertrains, battery systems, software, and other technologies for its vehicles.