Lucid Group (NASDAQ:LCID) Shares Down 2.8% – Time to Sell?

Lucid Group, Inc. (NASDAQ:LCID) shares traded down 2.8% during mid-day trading on Wednesday . The stock traded as low as $6.88 and last traded at $6.91. 22,152,663 shares were traded during trading, an increase of 131% from the average session volume of 9,571,517 shares. The stock had previously closed at $7.11.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Uber increases strategic exposure — Uber disclosed an ~11.5% stake in Lucid, expanded a robotaxi order and will deepen autonomy cooperation, which supports demand visibility and strategic credibility for Lucid. Lucid Sees Uber Raise Stake, Expands Robotaxi Commitment
• Positive Sentiment: Market reaction and derivative activity — The Uber disclosure and related reports triggered a sharp intraday rally and heavy call-option buying, indicating speculative bullish positioning and higher short-term trading interest. Why Is Lucid (LCID) Stock Soaring Today
• Neutral Sentiment: Recent capital raises provide runway but don’t resolve burn — Lucid raised roughly $1.05B in recent financings, improving liquidity in the near term but analysts remain concerned about ongoing cash burn and execution, leaving the financing story mixed. Lucid Delivers Good News — Here’s Why the Stock Declined 20% Anyway
• Neutral Sentiment: Long-term AV opportunity vs. margin risk — Coverage on Uber’s AV pivot frames Lucid as a beneficiary of robotaxi demand but warns the economics and margin impact of large AV deployments remain uncertain. Uber’s AV Pivot: Growth Opportunity or Margin Risk? (LCID)
• Negative Sentiment: Shareholder litigation and fraud investigations — Multiple law firms (Schall, Pomerantz) announced probes into Lucid for alleged misstatements/omissions, raising legal and disclosure risk that can pressure the stock. LCID Investors Have Opportunity to Join Lucid Group, Inc. Fraud Investigation with the Schall … Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lucid Group Inc
• Negative Sentiment: Share-price weakness and execution worries — The stock recently hit a new low amid concerns over demand, leadership transition and high leverage/cash burn; those fundamentals continue to cap upside despite strategic partnerships. Why Lucid (LCID) Shares Are Plunging Today

Wall Street Analysts Forecast Growth

LCID has been the subject of a number of research reports. Benchmark reiterated a “buy” rating on shares of Lucid Group in a research report on Thursday, February 19th. Cantor Fitzgerald cut their target price on Lucid Group from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research report on Friday, March 27th. Zacks Research upgraded shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Citigroup assumed coverage on shares of Lucid Group in a report on Wednesday, March 18th. They issued a “buy” rating and a $17.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $12.25.

Lucid Group Stock Down 2.8%

The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00. The business has a fifty day simple moving average of $9.59 and a two-hundred day simple moving average of $12.45. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -0.57 and a beta of 1.16.

Institutional Trading of Lucid Group

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new stake in Lucid Group in the third quarter valued at $1,361,978,000. Uber Technologies Inc bought a new position in shares of Lucid Group during the third quarter valued at $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 valued at $25,973,000 after purchasing an additional 3,465,542 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Lucid Group by 112.0% in the 1st 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of 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 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.