Lucid Group (NASDAQ:LCID) Reaches New 52-Week Low – Should You Sell?

Lucid Group, Inc. (NASDAQ:LCID) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $3.85 and last traded at $2.98, with a volume of 30608543 shares traded. The stock had previously closed at $5.51.

More Lucid Group News

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

• Positive Sentiment: California’s new EV rebate program could help Lucid by making eligible EVs more affordable for first-time buyers, potentially supporting demand for lower-priced models. California’s new EV incentive gives a leg up to Lucid and Rivian
• Neutral Sentiment: Trading in LCID was temporarily halted twice under LULD pause rules, indicating elevated volatility rather than a company-specific announcement.
• Negative Sentiment: Multiple law firms issued reminders and deadline alerts tied to a securities fraud class action against Lucid, with investors facing a July 28 lead-plaintiff deadline. These notices increase legal overhang and can weigh on sentiment. Kaplan Fox Alerts Lucid Group, Inc. (LCID) Investors to Seek Leadership in a Securities Fraud Lawsuit by July 28, 2026
• Negative Sentiment: One of the allegations centers on alleged supplier quality misrepresentations that reportedly disrupted Lucid Gravity deliveries for 29 days, which could raise concerns about execution and future deliveries. LCID Shareholder Alert: Lucid Group, Inc. Securities Class Action Lawsuit – Investors Should Contact Levi & Korsinsky

Wall Street Analysts Forecast Growth

LCID has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating and set a $14.00 target price (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $14.00 price objective on shares of Lucid Group in a research note on Monday, May 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $7.00 target price (down from $8.00) on shares of Lucid Group in a research report on Monday. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. Finally, TD Cowen decreased their price target on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.56.

Lucid Group Trading Down 47.6%

The firm has a fifty day simple moving average of $5.80 and a 200-day simple moving average of $8.41. The firm has a market cap of $1.13 billion, a P/E ratio of -0.23 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.

Hedge Funds Weigh In On Lucid Group

A number of institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in shares of Lucid Group in the 3rd quarter worth $1,361,978,000. Uber Technologies Inc bought a new stake in Lucid Group during 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 second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after buying an additional 3,465,542 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after buying an additional 2,874,603 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Lucid Group by 93.5% during the second quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after buying an additional 2,167,882 shares during the last quarter. 75.17% of the stock is owned by institutional investors and hedge funds.

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.