Lucid Group (NASDAQ:LCID) Shares Down 2.3% – What’s Next?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price dropped 2.3% during mid-day trading on Friday . The stock traded as low as $6.12 and last traded at $6.30. Approximately 8,220,275 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 14,144,924 shares. The stock had previously closed at $6.45.

Key Lucid Group News

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

• Negative Sentiment: Several law firms issued fresh reminders about Lucid’s securities class action, keeping fraud allegations and litigation risk in focus for investors. Lucid Group, Inc. (LCID) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: Kaplan Fox said a class action has been filed against Lucid and highlighted the upcoming July 28 lead-plaintiff deadline, adding another legal catalyst that could pressure the stock. Kaplan Fox Alerts Investors of Lucid Group, Inc. (LCID) to a Pending Securities Class Action – Deadline is July 28, 2026
• Negative Sentiment: Pomerantz, Rosen, Berger Montague, Schall, Faruqi & Faruqi, and Bernstein Liebhard all circulated similar class-action notices, reinforcing the market’s concern about potential misconduct and legal costs. Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc . and Certain Officers – LCID

Wall Street Analysts Forecast Growth

LCID has been the topic of a number of recent research reports. Benchmark downgraded Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley set a $5.00 price target on Lucid Group in a research note on Wednesday, May 6th. Citigroup reiterated a “buy” rating and set a $14.00 price objective (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. TD Cowen cut their price objective on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $6.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.56.

Lucid Group Stock Down 2.3%

The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -0.48 and a beta of 0.83. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02. The firm’s 50-day simple moving average is $5.85 and its two-hundred day simple moving average is $8.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LCID. Uber Technologies Inc acquired a new stake in shares of Lucid Group in the 3rd quarter valued at $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $25,973,000 after purchasing an additional 3,465,542 shares during the last quarter. Vanguard Group Inc. raised 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 worth $127,488,000 after purchasing an additional 701,826 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Lucid Group by 112.0% during 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 period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Lucid Group by 93.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock valued at $9,465,000 after purchasing an additional 2,167,882 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

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.