Lucid Group (NASDAQ:LCID) Trading Down 3.7% – Here’s What Happened

Lucid Group, Inc. (NASDAQ:LCID)’s share price dropped 3.7% during trading on Monday . The stock traded as low as $5.07 and last traded at $5.16. 10,433,697 shares were traded during mid-day trading, a decline of 13% from the average session volume of 12,047,155 shares. The stock had previously closed at $5.36.

Key Headlines Impacting Lucid Group

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

• Positive Sentiment: Lucid is positioning its recent restructuring — including an 18% reduction in U.S. jobs, shift eliminations, and removal of the COO role — as a move to improve efficiency, profitability, and cash flow over time.
• Neutral Sentiment: Some market coverage compared Lucid with Rivian and broader EV peers, but the commentary appears more analytical than directly tied to a new business catalyst.
• Negative Sentiment: Multiple law firms announced or reminded investors about a Lucid securities class action, with a key lead-plaintiff deadline of July 28, 2026, keeping litigation risk in focus for shareholders. Article Title
• Negative Sentiment: One lawsuit filing specifically alleges investor harm and claims Lucid and certain officers violated federal securities laws during the class period, which can weigh on sentiment and increase legal overhang. Article Title
• Negative Sentiment: Reports that Lucid cut about 18% of its U.S. workforce and eliminated the COO role highlight operational stress and ongoing restructuring, which may signal continued execution challenges. Article Title

Analyst Upgrades and Downgrades

LCID has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Benchmark lowered Lucid Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Evercore set a $6.00 price objective on Lucid Group in a report on Monday, May 11th. Royal Bank Of Canada lowered their target price on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Finally, Robert W. Baird set a $6.00 price target on shares of Lucid Group in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $9.67.

Lucid Group Stock Performance

The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -0.39 and a beta of 0.89. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00. The stock has a 50-day moving average price of $6.10 and a 200 day moving average price of $9.04.

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 net margin of 248.09% and a negative return on equity of 304.01%. The firm had revenue of $282.46 million during the quarter, compared to analyst estimates of $358.46 million. During the same period last year, the business earned ($0.20) EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, analysts forecast that Lucid Group, Inc. will post -10.75 EPS for the current year.

Hedge Funds Weigh In On Lucid Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jain Global LLC raised its stake in Lucid Group by 13.3% in the fourth quarter. Jain Global LLC now owns 10,220 shares of the company’s stock valued at $108,000 after buying an additional 1,200 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Lucid Group by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock worth $393,000 after acquiring an additional 1,336 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Lucid Group by 11.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock worth $144,000 after acquiring an additional 1,430 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Lucid Group by 9.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company’s stock valued at $190,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Lucid Group by 16.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,645 shares of the company’s stock valued at $123,000 after acquiring an additional 1,604 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

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.