Lucid Group (NASDAQ:LCID) Shares Up 10.6% – Here’s Why

Lucid Group, Inc. (NASDAQ:LCID)’s stock price shot up 10.6% during mid-day trading on Thursday . The stock traded as high as $6.40 and last traded at $6.37. 20,538,423 shares changed hands during mid-day trading, an increase of 96% from the average session volume of 10,462,478 shares. The stock had previously closed at $5.76.

Lucid Group News Summary

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

• Positive Sentiment: Lucid confirmed a strategic role in Uber’s upcoming robotaxi program: Hertz’s Oro Mobility will operate an Uber fleet powered by Lucid vehicles and technology, with a planned Bay Area launch by the end of 2026 — a direct new revenue and scale pathway beyond retail EV sales. Article Title
• Neutral Sentiment: Operational partners clarified roles: Hertz will handle cleaning, charging and maintenance for the Lucid-powered robotaxis — important for execution but not a near-term revenue guarantee for Lucid itself. Article Title
• Neutral Sentiment: Market action has shown short-term volatility: Lucid shares recently bounced after a multi-session decline, reflecting a mix of bargain-hunting and technical relief rather than new fundamental proof points. Article Title
• Neutral Sentiment: Relative performance remains weak vs. EV peers: April’s sector scoreboard showed Rivian and Tesla outperformed, underscoring that Lucid still lags broader EV momentum and remains sensitive to sector sentiment. Article Title
• Negative Sentiment: An investor class-action investigation has been announced (Pomerantz LLP), creating a legal overhang that could pressure sentiment and add disclosure/cost risk if claims progress. Article Title

Analyst Ratings Changes

Several brokerages recently issued reports on LCID. Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. TD Cowen reaffirmed a “hold” rating and set a $10.00 target price (down from $19.00) on shares of Lucid Group in a research report on Wednesday, April 15th. Citigroup began coverage on Lucid Group in a research report on Wednesday, March 18th. They set a “buy” rating and a $17.00 target price on the stock. Robert W. Baird dropped their target price on Lucid Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research report on Friday, March 27th. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $12.25.

Lucid Group Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 3.00. The firm has a market cap of $2.14 billion, a P/E ratio of -0.54 and a beta of 0.88. The firm has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $11.81.

Institutional Trading of Lucid Group

Several hedge funds and other institutional investors have recently made changes to their positions in LCID. Tudor Investment Corp ET AL purchased a new stake in shares of Lucid Group during the 3rd quarter valued at $1,361,978,000. Uber Technologies Inc purchased a new position in Lucid Group in the 3rd quarter worth $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Lucid Group by 39.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after acquiring an additional 3,465,542 shares during the last quarter. Goldman Sachs Group Inc. raised its stake 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 worth $13,166,000 after acquiring an additional 2,874,603 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Lucid Group by 93.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after acquiring an additional 2,167,882 shares during the last quarter. Hedge funds and other institutional investors 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.