Lucid Group (NASDAQ:LCID) Stock Price Up 4.3% – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID) shares rose 4.3% during mid-day trading on Thursday . The company traded as high as $5.42 and last traded at $5.36. 15,801,792 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 12,058,673 shares. The stock had previously closed at $5.14.

Trending Headlines about Lucid Group

Here are the key news stories impacting Lucid Group this week:

• Negative Sentiment: Lucid is facing a securities fraud class action and repeated investor alerts, which can weigh on sentiment and raise legal-risk concerns for shareholders. Bronstein, Gewirtz & Grossman LLC Urges Lucid Group, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Several firms, including Rosen, The Gross Law Firm, Schall, Pomerantz, Berger Montague, and others, are advertising lead-plaintiff deadlines, underscoring that the litigation is active and may keep attention on Lucid’s alleged disclosure issues. LCID Shareholder Alert: July 28, 2026 Lead Plaintiff Deadline in Lucid Group, Inc. Securities Class Action – Contact The Gross Law Firm
• Neutral Sentiment: Separately, Lucid announced a partnership with Uber and Nuro to deploy autonomous robo-taxis in Houston starting in 2027, which could be strategically positive long term but is too early to materially offset the legal overhang today. Lucid (LCID) Teams Up With Uber And Nuro For Houston Robo Taxis

Analyst Upgrades and Downgrades

LCID has been the subject of a number of research analyst reports. Morgan Stanley set a $5.00 price target on Lucid Group in a report on Wednesday, May 6th. Benchmark downgraded shares of Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Bank of America assumed coverage on shares of Lucid Group in a research report on Wednesday, March 4th. They set an “underperform” rating and a $10.00 target price on the stock. Finally, Citigroup reissued a “buy” rating and issued a $14.00 price target (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lucid Group presently has a consensus rating of “Reduce” and a consensus target price of $9.67.

Lucid Group Price Performance

The stock has a market cap of $2.09 billion, a P/E ratio of -0.41 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00. The company’s fifty day simple moving average is $6.24 and its 200-day simple moving average is $9.18.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.29). The business had revenue of $282.46 million for the quarter, compared to the consensus estimate of $358.46 million. Lucid Group had a negative return on equity of 304.01% and a negative net margin of 248.09%.Lucid Group’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) earnings per share. As a group, sell-side analysts forecast that Lucid Group, Inc. will post -10.75 EPS for the current year.

Institutional Investors Weigh In On Lucid Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL acquired a new position in shares of Lucid Group in the 3rd quarter worth approximately $1,361,978,000. Uber Technologies Inc bought a new stake in Lucid Group during the 3rd quarter worth approximately $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Lucid Group by 39.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock valued at $25,973,000 after purchasing an additional 3,465,542 shares in the last quarter. Vanguard Group Inc. increased its holdings in Lucid Group by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after purchasing an additional 701,826 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in 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 purchasing an additional 2,874,603 shares during the last quarter. 75.17% of the stock is owned by institutional investors and hedge funds.

Lucid Group Company Profile

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.