Lucid Group (NASDAQ:LCID) Stock Price Down 6.6% Following Weak Earnings

Lucid Group, Inc. (NASDAQ:LCID)’s share price dropped 6.6% on Tuesday following a weaker than expected earnings announcement. The company traded as low as $6.18 and last traded at $6.25. Approximately 17,312,349 shares traded hands during trading, an increase of 61% from the average daily volume of 10,738,486 shares. The stock had previously closed at $6.69.

The company reported ($3.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.72) by ($0.74). Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.

More Lucid Group News

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

• Positive Sentiment: Completed a ~$1.05 billion capital raise that materially boosts cash — $550M convertible preferred from an affiliate of Saudi PIF, $300M from a registered common offering, and $200M equity from Uber (raising Uber’s total to $500M). This reduces short-term financing risk and supports growth plans. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Production and deliveries showed meaningful improvement year-over-year: 5,500 vehicles produced (+149% YoY) and 3,093 deliveries in Q1; order intake in North America jumped 144% in March vs. February — evidence demand momentum despite operational hiccups. Lucid Q1 Production & Deliveries
• Positive Sentiment: Wall Street price targets remain materially above the current price (average targets imply large upside), and Cantor Fitzgerald reaffirmed a neutral rating with a $14 target — these analyst views provide potential upside if execution improves. Wall Street Sees Upside for Lucid
• Positive Sentiment: Notable insider buying was reported recently, which can be seen as management confidence in the long-term story. Insider Buy Report
• Neutral Sentiment: Pre-earnings coverage and analyst notes (earnings preview pieces) heightened focus and volatility heading into the report; useful for context but not new fundamentals. Earnings Preview
• Negative Sentiment: Q1 EPS missed materially: reported loss per share was ($3.46) vs. consensus ($2.72) — a $0.74 miss; margins and ROE remain deeply negative, signaling persistent profitability challenges. Q1 Earnings Press Release
• Negative Sentiment: Revenue came in well below expectations — Reuters reports Q1 sales ~36% below analyst estimates after a supplier-related issue disrupted Gravity SUV deliveries in February. That delivery timing problem is a concrete operational headwind that hit near-term revenue and investor confidence. Reuters: Revenue Miss & Supplier Issue

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Lucid Group from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $14.00 price target on shares of Lucid Group in a report on Monday. Citigroup assumed coverage on shares of Lucid Group in a report on Wednesday, March 18th. They issued a “buy” rating and a $17.00 price target on the stock. Robert W. Baird decreased their price target on shares of Lucid Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $10.00 price target (down from $19.00) on shares of Lucid Group in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.25.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LCID. Royal Bank of Canada increased its stake in 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 acquiring an additional 9,578 shares during the last quarter. AQR Capital Management LLC increased its stake in Lucid Group by 89.9% in the first quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock valued at $1,226,000 after acquiring an additional 254,551 shares during the last quarter. NewEdge Advisors LLC increased its stake in Lucid Group by 103.2% in the first quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after acquiring an additional 19,294 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Lucid Group by 112.0% in the first 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 last quarter. Finally, Empowered Funds LLC increased its stake in Lucid Group by 11.3% in the first 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 during the last quarter. Institutional investors own 75.17% of the company’s stock.

Lucid Group Trading Down 6.6%

The firm has a market cap of $2.05 billion, a P/E ratio of -0.52 and a beta of 0.88. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.25 and a quick ratio of 0.83. The stock has a 50 day moving average of $9.06 and a 200 day moving average of $11.67.

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.