Lucid Group (NASDAQ:LCID) Trading Up 2.4% – What’s Next?

Shares of Lucid Group, Inc. (NASDAQ:LCID) rose 2.4% during trading on Wednesday . The company traded as high as $5.43 and last traded at $5.14. 13,969,234 shares changed hands during trading, an increase of 16% from the average daily volume of 12,024,778 shares. The stock had previously closed at $5.02.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Lucid announced a partnership with Uber and Nuro to deploy autonomous robo-taxis in Houston, with commercial service targeted for 2027. The deal gives Lucid exposure to the fast-growing autonomous mobility market and could broaden the company’s story beyond premium EV manufacturing. Lucid (LCID) Teams Up With Uber And Nuro For Houston Robo Taxis
• Neutral Sentiment: Several law firms reiterated the July 28, 2026 lead-plaintiff deadline in pending securities fraud class actions tied to Lucid shares purchased between Feb. 25 and Apr. 13, 2026. These notices mainly keep the lawsuit overhang in the spotlight and may add uncertainty for investors. Lucid Group, Inc. (LCID) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: The lawsuits allege Lucid concealed a 29-day delivery halt and caused investor losses, which could weigh on sentiment because it raises legal costs, management distraction, and the risk of settlement or reputational damage. Lost Money on Lucid Group, Inc. (LCID)? Join Class Action Suit Seeking Recovery – Contact SueWallSt

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $6.00 price objective on shares of Lucid Group in a research note on Wednesday, May 6th. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. TD Cowen reduced their price target on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Bank of America initiated coverage on shares of Lucid Group in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price target on the stock. Finally, Royal Bank Of Canada dropped their price objective on shares of Lucid Group from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. One equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $9.67.

Lucid Group Price Performance

The company has a market cap of $2.09 billion, a P/E ratio of -0.41 and a beta of 0.89. The stock has a 50-day simple moving average of $6.31 and a 200 day simple moving average of $9.21. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.29). The firm had revenue of $282.46 million for the quarter, compared to the consensus estimate of $358.46 million. Lucid Group had a negative net margin of 248.09% and a negative return on equity of 304.01%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. On average, equities analysts expect that Lucid Group, Inc. will post -10.75 EPS for the current year.

Institutional Investors Weigh In On Lucid Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Lucid Group by 1,574.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after acquiring an additional 2,740 shares during the period. Leonteq Securities AG bought a new stake in Lucid Group in the fourth quarter valued at about $67,000. Caitong International Asset Management Co. Ltd acquired a new position in Lucid Group in the fourth quarter worth about $77,000. Eurizon Capital SGR S.p.A. acquired a new position in Lucid Group in the fourth quarter worth about $86,000. Finally, HITE Hedge Asset Management LLC acquired a new position in Lucid Group in the third quarter worth about $212,000. Institutional investors own 75.17% of the company’s stock.

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.