Lucid Group (NASDAQ:LCID) Hits New 12-Month Low – What’s Next?

Lucid Group, Inc. (NASDAQ:LCID)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.85 and last traded at $2.98, with a volume of 30608543 shares changing hands. The stock had previously closed at $5.51.

Trending Headlines about Lucid Group

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

• Positive Sentiment: CEO Silvio Napoli publicly called the bankruptcy report “completely false” and said the claims were “so far from the facts,” helping spark a strong relief rally as investors bought back into Lucid Group (LCID). Article Title
• Positive Sentiment: Lucid also said it has enough liquidity and is not preparing for Chapter 11, which eased immediate bankruptcy fears and supported the stock’s recovery from the prior selloff. Article Title
• Neutral Sentiment: Despite the rebound, analysts warned the move may not last because Lucid’s earnings estimate revisions remain weak and the company is still facing pressure from restructuring, leadership changes, and a suspended production outlook. Article Title
• Neutral Sentiment: Several law firms also announced securities class action deadlines tied to prior disclosures, adding legal overhang but not directly changing the company’s fundamentals in the short term. Article Title
• Negative Sentiment: The earlier bankruptcy and take-private rumors triggered a massive intraday plunge, trading halts, and renewed fears about Lucid’s cash runway and debt burden, which remain a major risk for LCID investors. Article Title

Analysts Set New Price Targets

LCID has been the topic of several recent research reports. Citigroup reissued a “buy” rating and set a $14.00 price objective (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $14.00 price target on shares of Lucid Group in a research note on Monday, May 4th. TD Cowen dropped their price objective on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. Finally, Benchmark lowered shares of Lucid Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Lucid Group presently has an average rating of “Reduce” and an average target price of $9.56.

Lucid Group Stock Performance

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 firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -0.45 and a beta of 0.83. The stock has a fifty day moving average price of $5.76 and a 200-day moving average price of $8.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Lucid Group by 1,574.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after purchasing an additional 2,740 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Lucid Group by 47.5% during the 2nd quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock valued at $33,000 after purchasing an additional 5,000 shares during the last quarter. Jump Financial LLC bought a new position in Lucid Group during the 2nd quarter valued at about $41,000. Worldquant Millennium Advisors LLC acquired a new position in Lucid Group in the second quarter valued at about $59,000. Finally, Leonteq Securities AG bought a new stake in Lucid Group during the fourth quarter worth about $67,000. 75.17% of the stock is owned by institutional investors.

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.