Handelsbanken Fonder AB Cuts Holdings in Lucid Group, Inc. $LCID

Handelsbanken Fonder AB lowered its position in Lucid Group, Inc. (NASDAQ:LCID) by 88.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,529 shares of the company’s stock after selling 300,771 shares during the period. Handelsbanken Fonder AB’s holdings in Lucid Group were worth $964,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC increased its stake in shares of Lucid Group by 9.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company’s stock valued at $25,000 after purchasing an additional 1,055 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Lucid Group in the second quarter valued at approximately $30,000. Brown Advisory Inc. increased its position in shares of Lucid Group by 47.5% in the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock valued at $33,000 after buying an additional 5,000 shares in the last quarter. Heritage Wealth Advisors raised its stake in shares of Lucid Group by 43.5% during the 2nd quarter. Heritage Wealth Advisors now owns 16,500 shares of the company’s stock worth $35,000 after buying an additional 5,000 shares during the period. Finally, Keynote Financial Services LLC purchased a new position in shares of Lucid Group during the 2nd quarter valued at approximately $35,000. 75.17% of the stock is owned by hedge funds and other institutional investors.

Lucid Group Stock Down 4.2%

Shares of NASDAQ LCID opened at $9.84 on Friday. The stock has a market cap of $3.19 billion, a PE ratio of -0.81 and a beta of 1.12. The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 3.00. Lucid Group, Inc. has a 12-month low of $9.12 and a 12-month high of $33.70. The company has a 50-day moving average of $10.56 and a 200 day moving average of $15.22.

Lucid Group (NASDAQ:LCID) last released its earnings results on Tuesday, February 24th. The company reported ($3.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.49) by ($0.59). The business had revenue of $522.73 million during the quarter, compared to analysts’ expectations of $473.08 million. Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.The company’s revenue for the quarter was up 122.9% compared to the same quarter last year. During the same period last year, the business earned ($0.22) earnings per share. As a group, sell-side analysts predict that Lucid Group, Inc. will post -1.25 EPS for the current fiscal year.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Operational momentum: Management highlighted accelerating production and faster-than-expected deliveries and Lucid reported strong revenue growth, which improves the path to eventual profitability if execution continues. Lucid Group Earnings Call: Growth Surges, Losses Loom
• Neutral Sentiment: Analyst stance unchanged after workforce cut: RBC kept a Hold rating and $10 target following a announced ~12% workforce reduction — this signals limited analyst optimism but not a harsher downgrade. Analyst Opinion Unchanged for Lucid Group (LCID) After 12% Workforce Layoff
• Neutral Sentiment: Featured in a small-cap roundup: a finance column discussed small-cap risks and watches, mentioning companies like Lucid as examples of high-reward but high-risk smaller firms — useful context but not an immediate catalyst. 1 Small-Cap Stock on Our Watchlist and 2 We Question
• Negative Sentiment: Macro shock driving risk-off in EVs: Geopolitical escalation in the Middle East pushed oil higher and revived inflation/interest-rate worries, prompting selling in luxury EV names including Lucid. This is a near-term demand and valuation headwind. Why Lucid (LCID) Shares Are Falling Today
• Negative Sentiment: Cash burn, weak margins and balance-sheet pressure: Analysts and market pieces highlight persistent negative gross margins, declining equity, large debt and near-term negative free cash flow — all of which keep LCID vulnerable to selling and short interest. Cash Flow Kings: 2 Stocks to Hide In, 1 to Avoid (LCID)
• Negative Sentiment: New coverage is skeptical: Bank of America initiated coverage with an Underperform and a $10 target, signaling limited upside from current levels and adding pressure from institutional views. Bank of America Initiates Coverage (underperform, $10)

Analyst Upgrades and Downgrades

LCID has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a report on Monday, December 29th. Zacks Research cut shares of Lucid Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Robert W. Baird set a $14.00 price target on shares of Lucid Group in a research note on Tuesday, January 6th. Cantor Fitzgerald lowered their price objective on Lucid Group from $21.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, Bank of America began coverage on Lucid Group in a research note on Wednesday. They set an “underperform” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $18.50.

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.