Lucid Group (NASDAQ:LCID) Shares Up 15.6% – Should You Buy?

Lucid Group, Inc. (NASDAQ:LCID)’s share price shot up 15.6% on Friday . The stock traded as high as $5.95 and last traded at $5.92. Approximately 35,034,138 shares changed hands during mid-day trading, an increase of 189% from the average session volume of 12,142,869 shares. The stock had previously closed at $5.12.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Traders are buying LCID on renewed interest in its longer-term autonomy plans, including a 2027 robotaxi rollout, which is helping sentiment around the stock. Article: Lucid Stock Is Climbing Friday: What’s Driving The Action?
• Neutral Sentiment: Lucid disclosed a workforce reduction of about 18% of its U.S. staff as part of a cost-saving effort expected to reduce annual expenses by about $158 million, which may improve cash efficiency but also signals ongoing operational pressure. Article: What’s Behind Lucid’s Workforce Reduction and Leadership Shakeup?
• Neutral Sentiment: Analyst-style commentary continues to frame Lucid as a high-risk name, with recent coverage pointing to a weak balance-sheet profile and a challenging risk/reward setup. Article: Trading Near an All-Time Low of $5: 1 Crucial Balance Sheet Metric That Explains Why Lucid Is a Dangerous Capital-Destruction Trap
• Negative Sentiment: Multiple law firms are urging LCID investors who bought shares between February 25, 2026 and April 13, 2026 to join or lead securities-fraud class actions, with key deadlines around July 28, 2026. Article: LCID Deadline: LCID Investors Have Opportunity to Lead Lucid Group, Inc. Securities Fraud Lawsuit
• Negative Sentiment: Additional class-action notices from The Gross Law Firm, Schall Law Firm, Berger Montague, Pomerantz, and others are keeping legal overhang front and center for Lucid investors. Article: LCID Deadline Alert: The Gross Law Firm Reminds Lucid Group, Inc. (LCID) Investors of Securities Class Action Deadline on July 28, 2026

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LCID shares. Evercore set a $6.00 target price on Lucid Group in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a report on Wednesday, May 6th. Citigroup reiterated a “buy” rating and set a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $14.00 target price on shares of Lucid Group in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.67.

Lucid Group Stock Up 15.6%

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -0.45 and a beta of 0.89. The stock has a 50-day moving average of $5.90 and a 200-day moving average of $8.90. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID) last issued its earnings results on Tuesday, May 5th. The company reported ($2.82) earnings per share for the quarter, missing the consensus estimate of ($2.53) by ($0.29). Lucid Group had a negative return on equity of 304.01% and a negative net margin of 248.09%.The company had revenue of $282.46 million during the quarter, compared to analyst estimates of $358.46 million. During the same period in the prior year, the business earned ($0.20) earnings per share. Lucid Group’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, sell-side analysts forecast that Lucid Group, Inc. will post -10.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LCID. Royal Bank of Canada increased its stake in shares of Lucid Group by 9.5% in the first quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock valued at $267,000 after purchasing an additional 9,578 shares during the period. AQR Capital Management LLC grew its holdings in Lucid Group by 89.9% in the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock worth $1,226,000 after buying an additional 254,551 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Lucid Group by 103.2% in the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock worth $92,000 after buying an additional 19,294 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Lucid Group by 112.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after acquiring an additional 2,874,603 shares during the period. Finally, Empowered Funds LLC raised its stake in Lucid Group by 11.3% during the 1st quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock valued at $268,000 after acquiring an additional 11,252 shares in the last quarter. 75.17% of the stock is owned by institutional investors and hedge funds.

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.