Lucid Group (NASDAQ:LCID) Trading Down 3.4% After Analyst Downgrade

Shares of Lucid Group, Inc. (NASDAQ:LCID) dropped 3.4% during trading on Monday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $7.02 and last traded at $7.11. 20,991,724 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 14,210,761 shares. The stock had previously closed at $7.36.

LCID has been the topic of several other research reports. Evercore set a $6.00 price objective on shares of Lucid Group in a research note on Monday, May 11th. TD Cowen cut their price target on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $7.00 price target (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 report on Wednesday, June 24th. Finally, Citigroup reiterated a “buy” rating and issued a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $9.56.

More Lucid Group News

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

• Negative Sentiment: Multiple law firms, including Pomerantz, Kaplan Fox, Rosen, Bernstein Liebhard, Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, and others, have announced or promoted a class action lawsuit against Lucid tied to alleged investor harm during the February 25, 2026 to April 13, 2026 period, with a key lead-plaintiff deadline of July 28, 2026. Article Title
• Negative Sentiment: Levi & Korsinsky said Lucid’s results fell well short of prior expectations, citing only 3,093 vehicle deliveries versus 5,237 expected and a large revenue shortfall, reinforcing concerns about execution and profitability. Article Title
• Negative Sentiment: Zacks Research downgraded Lucid from hold to strong sell, adding to bearish sentiment around the stock. Article Title
• Negative Sentiment: Brokerage coverage also pointed to a cautious stance, with Lucid reportedly receiving an average rating of Reduce from analysts. Article Title

Hedge Funds Weigh In On Lucid Group

Several hedge funds and other institutional investors have recently modified their holdings of LCID. Jain Global LLC raised its holdings in Lucid Group by 13.3% during the fourth quarter. Jain Global LLC now owns 10,220 shares of the company’s stock worth $108,000 after purchasing an additional 1,200 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Lucid Group by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock valued at $393,000 after purchasing an additional 1,336 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Lucid Group by 11.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock worth $144,000 after buying an additional 1,430 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Lucid Group by 9.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company’s stock worth $190,000 after buying an additional 1,569 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Lucid Group by 16.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,645 shares of the company’s stock valued at $123,000 after buying an additional 1,604 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

Lucid Group Stock Performance

The company has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $8.21. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -0.53 and a beta of 0.83. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.02 and a quick ratio of 0.48.

About Lucid Group

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.