Lucid Group (NASDAQ:LCID) Shares Down 11.6% – What’s Next?

Posted by Geri Gentry on Nov 5th, 2026

Lucid Group, Inc. (NASDAQ:LCID – Get Free Report)’s share price traded down 11.6% during trading on Thursday. The stock traded as low as $2.93 and last traded at $2.98. Approximately 19,000,184 shares changed hands during trading, an increase of 44% from the average session volume of 13,231,237 shares. The stock had previously closed at $3.37.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LCID. Royal Bank Of Canada reduced their target price on Lucid Group from $7.00 to $4.00 and set a “sector perform” rating for the company in a report on Monday, October 12th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. William Blair cut Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. Morgan Stanley reduced their price objective on Lucid Group from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, October 15th. Finally, Citigroup decreased their target price on Lucid Group from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $8.67.

Check Out Our Latest Stock Report on Lucid Group

Lucid Group Stock Down 11.6%

The firm has a 50 day moving average of $3.93 and a 200 day moving average of $6.79. The firm has a market cap of $1.17 billion, a PE ratio of -0.22 and a beta of 0.80.

Lucid Group (NASDAQ:LCID – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($2.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $405.35 million during the quarter, compared to analysts’ expectations of $381.59 million. During the same period in the prior year, the business earned ($0.24) earnings per share. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. On average, research analysts anticipate that Lucid Group, Inc. will post -12.15 EPS for the current year.

Institutional Investors Weigh In On Lucid Group

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in shares of Lucid Group by 1,231.3% during the second quarter. IFP Advisors Inc now owns 3,781 shares of the company’s stock worth $25,000 after acquiring an additional 3,497 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Lucid Group by 249.9% in the second quarter. Allworth Financial LP now owns 4,010 shares of the company’s stock worth $27,000 after acquiring an additional 2,864 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 2,740 shares in the last quarter. Nykredit A S purchased a new position in shares of Lucid Group in the second quarter valued at $47,000. Finally, Brighton Jones LLC purchased a new position in shares of Lucid Group in the third quarter valued at $72,000. 75.17% of the stock is owned by hedge funds and other institutional investors.

About Lucid Group

(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.