Lucid Group (NASDAQ:LCID) Stock Price Down 2% on Analyst Downgrade

Shares of Lucid Group, Inc. (NASDAQ:LCID) were down 2% on Tuesday after Royal Bank Of Canada lowered their price target on the stock from $7.00 to $4.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Lucid Group traded as low as $3.32 and last traded at $3.36. 8,715,736 shares were traded during trading, a decline of 35% from the average daily volume of 13,340,698 shares. The stock had previously closed at $3.43.

A number of other research analysts have also recently weighed in on LCID. Cantor Fitzgerald restated a “neutral” rating on shares of Lucid Group in a research report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a report on Monday, September 21st. Citigroup dropped their price objective on shares of Lucid Group from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, William Blair lowered shares of Lucid Group to a “market perform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $8.89.

Key Lucid Group News

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

• Positive Sentiment: French expansion could broaden Lucid’s addressable market. The company plans to open its first retail and service locations in France in early 2027, with a footprint of up to 16 locations. The move would give Lucid a physical sales and after-sales presence in one of Europe’s largest auto markets and strengthen its competition with Tesla in the premium EV segment. Tesla Faces New Luxury EV Rival in France as Lucid Plans 16 Locations
• Positive Sentiment: Some analysts still see substantial upside. Cantor Fitzgerald reiterated its Neutral rating but maintained an $8 price target, implying significant upside relative to recent trading levels. The target suggests the stock’s valuation could benefit if Lucid can improve demand and execute its growth plans. Analysts set Lucid LCID stock price target
• Neutral Sentiment: Lucid drew $400 million under an affiliate delayed-draw term loan facility. The borrowing provides additional near-term liquidity, but it also highlights the company’s dependence on external financing while it remains unprofitable and works to scale deliveries. Lucid draws $400 million under affiliate DDTL
• Neutral Sentiment: Third-quarter operating data showed 3,806 deliveries versus 2,954 vehicles produced. The delivery figure may indicate inventory conversion, but the production volume remains small for a company seeking to lower costs and achieve profitability. Lucid Group delivers fresh EV numbers
• Negative Sentiment: RBC lowered its Lucid price target from $7 to $4 and kept a Sector Perform rating. The cut reflects more cautious expectations for demand and execution, limiting the support provided by higher targets from other analysts. Lucid price target trimmed by Royal Bank of Canada
• Negative Sentiment: Investors continue to question Lucid’s sales trajectory and financial durability. Lucid has substantially underperformed both Rivian and the broader market, while commentary points to production cuts, a single manufacturing shift, uncertain demand, and possible future funding needs. A separate fair-value estimate was reduced from $8.40 to $7.61. Rivian versus Lucid: Which EV Stock Has a Better Chance of Making It?

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LCID. Bank of New York Mellon Corp bought a new position in Lucid Group during the second quarter worth $3,125,000. Headlands Technologies LLC bought a new position in Lucid Group in the 2nd quarter worth about $1,368,000. Lazard Asset Management LLC grew its holdings in Lucid Group by 192.6% in the 1st quarter. Lazard Asset Management LLC now owns 304,737 shares of the company’s stock worth $2,904,000 after buying an additional 200,604 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Lucid Group by 10.9% in the first quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock worth $18,289,000 after purchasing an additional 189,134 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Lucid Group by 246.0% during the 1st quarter. Quantinno Capital Management LP now owns 202,651 shares of the company’s stock valued at $1,931,000 after buying an additional 144,089 shares during the period. Institutional investors own 75.17% of the company’s stock.

Lucid Group Stock Down 2.0%

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -0.25 and a beta of 1.00. The stock’s 50 day moving average is $4.92 and its 200 day moving average is $6.06.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings data 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 firm had revenue of $405.35 million during the quarter, compared to the consensus estimate of $381.59 million. During the same period in the prior year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. Analysts anticipate that Lucid Group, Inc. will post -12.15 earnings per share for the current fiscal year.

Lucid Group Company Profile

Lucid Group, Inc is an electric vehicle company headquartered in Newark, California. Through its Lucid Motors subsidiary, the company designs, engineers and manufactures luxury electric vehicles, with a focus on long range, performance, efficiency and advanced in-vehicle technology.

Lucid’s product lineup includes the Lucid Air, a premium electric sedan, and the Lucid Gravity, an electric SUV. The company also develops electric powertrain systems, battery technology and related vehicle software.