Lucid Group (NASDAQ:LCID) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Lucid Group (NASDAQ:LCID) from a hold rating to a strong sell rating in a report published on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a research note on Wednesday, June 24th. Robert W. Baird set a $6.00 price objective on Lucid Group in a research note on Wednesday, May 6th. Citigroup reissued a “buy” rating and issued a $14.00 target price (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Cantor Fitzgerald restated a “neutral” rating and set a $14.00 target price on shares of Lucid Group in a research report on Monday, May 4th. Finally, TD Cowen decreased their price target on Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.56.

Lucid Group Trading Up 3.0%

Shares of LCID stock opened at $7.32 on Monday. Lucid Group has a 52-week low of $2.37 and a 52-week high of $33.10. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -0.55 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 has a fifty day moving average of $5.84 and a 200-day moving average of $8.21.

Hedge Funds Weigh In On Lucid Group

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Lucid Group by 1,574.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after purchasing an additional 2,740 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Lucid Group by 47.5% during the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after acquiring an additional 5,000 shares during the period. Jump Financial LLC acquired a new position in shares of Lucid Group in the second quarter valued at approximately $41,000. Worldquant Millennium Advisors LLC acquired a new position in shares of Lucid Group in the second quarter valued at approximately $59,000. Finally, Leonteq Securities AG bought a new position in shares of Lucid Group during the fourth quarter worth approximately $67,000. Institutional investors own 75.17% of the company’s stock.

Key Stories Impacting Lucid Group

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

• Negative Sentiment: Pomerantz LLP announced a class action against Lucid Group and certain officers, adding legal uncertainty and potential costs for the company. Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc. and Certain Officers – LCID
• Negative Sentiment: Several firms, including Rosen, Kaplan Fox, Faruqi & Faruqi, Levi & Korsinsky, Schall, and Glancy Prongay, are urging investors to join or lead the lawsuit, keeping the litigation story in the spotlight and reinforcing downside sentiment. LCID Investors Have Opportunity to Lead Lucid Group, Inc. Securities Fraud Lawsuit with the Schall Law Firm
• Negative Sentiment: Yahoo Finance highlighted reasons to avoid LCID, citing a steep decline this year and softer quarterly results, which may reinforce investor caution. 3 Reasons to Avoid LCID and 1 Stock to Buy Instead
• Neutral Sentiment: Other recent articles were largely deadline reminders about the same class action, with little new business information beyond the legal process. LUCID UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds Lucid Group (LCID) Investors of Securities Class Action Lawsuit Deadline on July 28, 2026

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.