Lucid Group (NASDAQ:LCID) Stock Price Down 7.2% – Here’s Why

Posted by Geri Gentry on Aug 20th, 2026

Lucid Group, Inc. (NASDAQ:LCID – Get Free Report)’s share price dropped 7.2% during mid-day trading on Tuesday . The company traded as low as $5.73 and last traded at $5.77. Approximately 8,160,136 shares were traded during mid-day trading, a decline of 41% from the average session volume of 13,841,574 shares. The stock had previously closed at $6.22.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Benchmark downgraded Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen dropped 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. Royal Bank Of Canada reiterated a “sector perform” rating and set a $7.00 price objective (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a research note on Wednesday, June 24th. Finally, Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lucid Group currently has a consensus rating of “Reduce” and an average price target of $9.22.

Read Our Latest Stock Analysis on LCID

Lucid Group Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 3.00. The firm’s 50-day moving average price is $6.26 and its 200-day moving average price is $7.61. The stock has a market capitalization of $2.23 billion, a PE ratio of -0.41 and a beta of 0.83.

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

Institutional Investors Weigh In On Lucid Group

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of Lucid Group by 9.5% during the first 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 increased its position in Lucid Group by 89.9% during 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 period. NewEdge Advisors LLC increased its holdings in Lucid Group by 103.2% during the first quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after buying an additional 19,294 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Lucid Group by 112.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after acquiring an additional 2,874,603 shares during the period. Finally, Empowered Funds LLC raised its holdings in Lucid Group by 11.3% in 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 in the last quarter. 75.17% of the stock is owned by institutional investors.

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.