Lucid Group (NASDAQ:LCID) Trading Down 16.2% – Time to Sell?

Shares of Lucid Group, Inc. (NASDAQ:LCID) traded down 16.2% during trading on Tuesday . The company traded as low as $2.37 and last traded at $4.62. Approximately 153,840,945 shares were traded during mid-day trading, an increase of 1,057% from the average session volume of 13,301,884 shares. The stock had previously closed at $5.51.

Key Lucid Group News

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

• Negative Sentiment: Lucid’s shares fell sharply after reports claimed it was considering bankruptcy or a take-private deal, though the company denied the allegations as false. Lucid rejects take-private, bankruptcy report after shares plunge
• Negative Sentiment: Trading in LCID was halted multiple times because of extreme volatility after the bankruptcy rumors hit the market. Lucid stock plunges after report that EV maker is considering bankruptcy, which company denies
• Negative Sentiment: Investing.com reported that Lucid pared earlier losses after rebuffing the bankruptcy rumors, but the stock remained under significant selling pressure. Lucid shares pare losses after rebuffing bankruptcy rumors
• Negative Sentiment: Lucid also faces fresh investor-lawyer promotions tied to an existing securities class action, which adds to the overhang on sentiment. Kaplan Fox Alerts Lucid Group, Inc. (LCID) Investors to Seek Leadership in a Securities Fraud Lawsuit by July 28, 2026

Wall Street Analyst Weigh In

LCID has been the topic of a number of research analyst reports. Citigroup restated 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. Benchmark cut shares of Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $7.00 price objective (down from $8.00) on shares of Lucid Group in a report on Monday. Morgan Stanley set a $5.00 target price on Lucid Group in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $6.00 price target on Lucid Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Lucid Group presently has an average rating of “Reduce” and an average price target of $9.56.

Lucid Group Stock Performance

The stock’s 50 day moving average price is $5.80 and its 200 day moving average price is $8.41. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02. The company has a market capitalization of $1.80 billion, a P/E ratio of -0.35 and a beta of 0.83.

Institutional Trading of Lucid Group

A number of institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Lucid Group by 1,574.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after acquiring an additional 2,740 shares during the period. Brown Advisory Inc. lifted its stake in shares of Lucid Group by 47.5% in 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 period. Jump Financial LLC acquired a new position in shares of Lucid Group in the 2nd quarter valued at about $41,000. Worldquant Millennium Advisors LLC bought a new stake in shares of Lucid Group during the 2nd quarter valued at about $59,000. Finally, Leonteq Securities AG bought a new stake in shares of Lucid Group during the 4th quarter valued at about $67,000. Institutional investors own 75.17% of the company’s stock.

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.