Lucid Group (NASDAQ:LCID) Shares Down 13.9% – Here’s What Happened

Lucid Group, Inc. (NASDAQ:LCID)’s share price fell 13.9% during mid-day trading on Wednesday . The company traded as low as $6.18 and last traded at $6.70. Approximately 21,270,035 shares changed hands during trading, an increase of 49% from the average daily volume of 14,260,113 shares. The stock had previously closed at $7.78.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Second-quarter revenue rose 56.2% year over year to approximately $405.3 million, supported by higher deliveries of the Gravity SUV. Lucid delivered 3,953 vehicles, up 19% from a year earlier. Lucid Sales Top Estimates. The Stock Is Down.
• Positive Sentiment: New CEO Silvio Napoli launched an operational reset targeting $1.4 billion in 2026 cash-flow improvements through operating-expense, capital-spending and inventory reductions. Management also said total liquidity of about $3 billion provides a runway well into 2027. Lucid Announces Operational Reset and Second Quarter 2026 Results
• Neutral Sentiment: Lucid identified robotaxis, its Saudi Arabian manufacturing facility and the midsize-vehicle program as strategic priorities. Robotaxi testing with Uber and Nuro has begun, while the Saudi facility is moving into industrialization; however, these initiatives remain execution-dependent. Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
• Negative Sentiment: The quarter showed severe financial strain: a roughly $300 million inventory charge contributed to a $3.30-per-share loss, while gross loss reached $426.7 million, operating loss $1.08 billion and net loss attributable to common shareholders $1.26 billion. Operating cash outflow was approximately $1.22 billion. Lucid Group Stock Falls on Q2 2026 Earnings
• Negative Sentiment: Lucid postponed the launch of its sub-$50,000 Cosmos crossover by nearly a year, to the second half of 2027, to address quality and production-process problems. The delay pushes back a key opportunity to expand beyond the luxury-EV market and increases investor concern about execution. Lucid Motors just delayed its affordable EV

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore set a $6.00 price objective on shares of Lucid Group in a research report on Monday, May 11th. Zacks Research cut Lucid Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Citigroup reissued a “buy” rating and set a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Benchmark cut Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, William Blair downgraded Lucid Group to a “market perform” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.56.

Lucid Group Stock Performance

The firm has a fifty day moving average of $6.11 and a 200-day moving average of $7.94. 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 market capitalization of $2.61 billion, a price-to-earnings ratio of -0.51 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Uber Technologies Inc acquired a new stake in Lucid Group in the 3rd quarter valued at about $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Lucid Group by 39.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock valued at $25,973,000 after purchasing an additional 3,465,542 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after purchasing an additional 701,826 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Lucid Group by 112.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after purchasing an additional 2,874,603 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Lucid Group by 93.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after purchasing an additional 2,167,882 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.