Traders Buy High Volume of Lucid Group Call Options (NASDAQ:LCID)

Lucid Group, Inc. (NASDAQ:LCID) saw some unusual options trading on Thursday. Stock traders acquired 92,106 call options on the stock. This represents an increase of 84% compared to the typical daily volume of 50,121 call options.

Wall Street Analyst Weigh In

Several brokerages have commented on LCID. Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. William Blair cut shares of Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a report on Wednesday, May 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $7.00 price target (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. Finally, Evercore set a $6.00 target price on Lucid Group in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $9.22.

More Lucid Group News

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

• Positive Sentiment: Lucid unveiled the Gravity GT-S, positioning it as America’s most powerful three-row crossover. The vehicle could expand Lucid’s addressable market beyond luxury sedans and provide a potential growth catalyst if customer demand and deliveries develop as planned. Lucid Sinks 6% Despite Major Vehicle Reveal
• Positive Sentiment: New CEO plans reportedly include broad operational fixes, partnerships and an effort to reshape Lucid’s strategy. Investors may view successful implementation as a path toward improved scale, costs and competitiveness. Lucid’s Stock Collapses—Again
• Positive Sentiment: Unusually heavy call-option activity—92,106 contracts, versus average volume of 50,121—indicates increased speculative interest and that some traders are positioning for a rebound. Options activity, however, is not confirmation of improving fundamentals.
• Neutral Sentiment: Articles continue to frame Lucid’s Gravity strategy and European expansion as possible turnaround opportunities, but the strategy remains dependent on production, demand, pricing and cash execution. Is Its Gravity Strategy Taking Shape?
• Negative Sentiment: Investors reacted negatively to the new CEO’s ambitious promises, questioning whether Lucid can survive and compete against better-capitalized electric-vehicle rivals. The stock’s decline despite the vehicle reveal suggests skepticism about near-term execution. Lucid’s Stock Collapses—Again
• Negative Sentiment: Potential U.S. tariff action is overshadowing Lucid’s European expansion plans and raising concerns about manufacturing costs, supply chains and international growth. Lucid Stock Plunges: New Tariff Threat
• Negative Sentiment: Lucid remains deeply unprofitable, recently missing quarterly EPS expectations despite revenue growth. Its negative margins, substantial leverage and continued cash requirements amplify the risk that the turnaround will require additional financing or dilution.

Lucid Group Stock Performance

Lucid Group stock traded up $0.24 during trading on Thursday, reaching $5.19. The company had a trading volume of 24,026,236 shares, compared to its average volume of 13,826,437. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -0.38 and a beta of 0.83. 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 simple moving average is $6.28 and its 200 day simple moving average is $7.43. Lucid Group has a 52 week low of $2.37 and a 52 week high of $25.23.

Lucid Group (NASDAQ:LCID) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($2.78) 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 company had revenue of $405.35 million during the quarter, compared to analysts’ expectations of $381.59 million. During the same quarter in the previous year, the company earned ($0.24) EPS. The business’s quarterly revenue was up 56.2% compared to the same quarter last year. Sell-side analysts forecast that Lucid Group will post -12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lucid Group

A number of hedge funds have recently modified their holdings of LCID. EverSource Wealth Advisors LLC increased its stake in Lucid Group by 1,574.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after buying an additional 2,740 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Lucid Group by 47.5% in the 2nd quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after purchasing an additional 5,000 shares in the last quarter. Jump Financial LLC purchased a new stake in Lucid Group during the 2nd quarter valued at approximately $41,000. Nykredit A S purchased a new stake in Lucid Group during the 2nd quarter valued at approximately $47,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Lucid Group during the second quarter valued at approximately $59,000. 75.17% of the stock is currently owned by institutional investors.

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.