Lucid Group (NASDAQ:LCID) Stock Price Down 7% – What’s Next?

Lucid Group, Inc. (NASDAQ:LCID) shares fell 7% during trading on Tuesday . The stock traded as low as $6.38 and last traded at $6.1850. 13,116,957 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 15,371,072 shares. The stock had previously closed at $6.65.

More Lucid Group News

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

• Negative Sentiment: Multiple law firms, including Rosen, Portnoy, Schall, Robbins, Howard G. Smith, Frank R. Cruz, Berger Montague, Bernstein Liebhard, and Kirby McInerney, announced or promoted class action lawsuits and investigations involving Lucid, increasing legal uncertainty and potential cost/risk for shareholders. Article title
• Negative Sentiment: Several notices remind investors that the lead plaintiff deadline is July 28, 2026, signaling the lawsuits are moving forward and keeping attention on alleged securities law issues. Article title
• Negative Sentiment: Analyst sentiment remains cautious, with Lucid reportedly carrying a “Reduce” consensus rating, reinforcing concerns about fundamentals and near-term execution. Article title
• Neutral Sentiment: A Reuters report said major automakers support faster EPA action to delay tougher vehicle pollution rules, a broader industry development that could indirectly affect EV demand and regulatory expectations, but it does not specifically change Lucid’s near-term outlook. Article title

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LCID. Morgan Stanley set a $5.00 target price on Lucid Group in a research report on Wednesday, May 6th. Royal Bank Of Canada decreased their target price on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. TD Cowen decreased their target price on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Citigroup reiterated a “buy” rating and issued a $14.00 target price (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Lucid Group presently has a consensus rating of “Reduce” and an average price target of $9.67.

Lucid Group Stock Down 7.3%

The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -0.43 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00. The stock has a 50-day moving average of $7.30 and a 200-day moving average of $9.81.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.29). Lucid Group had a negative net margin of 248.09% and a negative return on equity of 304.01%. The company had revenue of $282.47 million for the quarter, compared to analyst estimates of $358.46 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Lucid Group, Inc. will post -10.75 EPS for the current fiscal year.

Institutional Trading of Lucid Group

Several hedge funds have recently added to or reduced their stakes in the business. Verus Capital Partners LLC bought a new stake in Lucid Group during the 1st quarter valued at $108,000. Essential Partners LLC bought a new stake in Lucid Group during the 1st quarter valued at $126,000. J. Derek Lewis & Associates Inc. raised its stake in Lucid Group by 32.8% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 19,820 shares of the company’s stock valued at $189,000 after acquiring an additional 4,896 shares in the last quarter. Bank of America Corp DE raised its stake in Lucid Group by 10.9% during the 1st quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock valued at $18,289,000 after acquiring an additional 189,134 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Lucid Group during the 1st quarter valued at $976,000. 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.