Lucid Group (NASDAQ:LCID) Shares Down 2.3% – What’s Next?

Lucid Group, Inc. (NASDAQ:LCID) fell 2.3% during trading on Friday . The company traded as low as $6.12 and last traded at $6.30. 8,220,275 shares changed hands during trading, a decline of 42% from the average session volume of 14,144,924 shares. The stock had previously closed at $6.45.

More Lucid Group News

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LCID. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a research report on Wednesday, June 24th. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a report on Wednesday, May 6th. TD Cowen cut their price target on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $14.00 price target on shares of Lucid Group in a report on Monday, May 4th. Finally, Robert W. Baird set a $6.00 price objective on shares of Lucid Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Lucid Group has an average rating of “Reduce” and a consensus price target of $9.56.

Lucid Group Price Performance

The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -0.48 and a beta of 0.83. The company has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $8.14. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00.

Institutional Investors Weigh In On Lucid Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Lucid Group by 65.9% during the fourth quarter. SG Americas Securities LLC now owns 181,153 shares of the company’s stock worth $1,915,000 after purchasing an additional 71,966 shares during the last quarter. Vanguard Group Inc. increased its stake in Lucid Group by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after buying an additional 701,826 shares during the last quarter. Virtu Financial LLC acquired a new stake in Lucid Group in the 4th quarter valued at $1,355,000. Calamos Advisors LLC acquired a new stake in Lucid Group in the 4th quarter valued at $1,586,000. Finally, Leonteq Securities AG bought a new stake in Lucid Group during the 4th quarter worth about $67,000. 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.