Lucid Group (NASDAQ:LCID) Stock Price Down 4.9% – What’s Next?

Lucid Group, Inc. (NASDAQ:LCID)’s share price fell 4.9% during mid-day trading on Thursday . The company traded as low as $6.22 and last traded at $6.45. Approximately 10,338,057 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 14,193,135 shares. The stock had previously closed at $6.78.

Lucid Group News Summary

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

• Negative Sentiment: Several law firms issued fresh reminders about Lucid’s securities class action, keeping fraud allegations and litigation risk in focus for investors. Lucid Group, Inc. (LCID) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: Kaplan Fox said a class action has been filed against Lucid and highlighted the upcoming July 28 lead-plaintiff deadline, adding another legal catalyst that could pressure the stock. Kaplan Fox Alerts Investors of Lucid Group, Inc. (LCID) to a Pending Securities Class Action – Deadline is July 28, 2026
• Negative Sentiment: Pomerantz, Rosen, Berger Montague, Schall, Faruqi & Faruqi, and Bernstein Liebhard all circulated similar class-action notices, reinforcing the market’s concern about potential misconduct and legal costs. Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc . and Certain Officers – LCID

Analysts Set New Price Targets

A number of equities analysts recently commented on LCID shares. TD Cowen decreased their price target on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Zacks Research lowered Lucid Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Citigroup restated a “buy” rating and set a $14.00 price objective (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. Finally, Robert W. Baird set a $6.00 target price on Lucid Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Lucid Group presently has a consensus rating of “Reduce” and an average target price of $9.56.

Lucid Group Stock Down 2.3%

The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -0.48 and a beta of 0.83. The stock’s fifty day simple moving average is $5.86 and its two-hundred day simple moving average is $8.14. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.02 and a quick ratio of 0.48.

Institutional Investors Weigh In On Lucid Group

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Lucid Group by 9.5% in the first quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock worth $267,000 after acquiring an additional 9,578 shares during the last quarter. AQR Capital Management LLC boosted 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 period. NewEdge Advisors LLC grew its holdings in shares of Lucid Group by 103.2% during the first quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after purchasing an additional 19,294 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after purchasing an additional 2,874,603 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Lucid Group by 11.3% during the 1st quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock worth $268,000 after purchasing an additional 11,252 shares during the period. 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.