Lucid Group (NASDAQ:LCID) Stock Price Up 13.9% – Here’s What Happened

Lucid Group, Inc. (NASDAQ:LCID) shares were up 13.9% during mid-day trading on Friday . The stock traded as high as $7.56 and last traded at $7.36. 48,033,154 shares traded hands during mid-day trading, an increase of 239% from the average session volume of 14,158,351 shares. The stock had previously closed at $6.46.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Lucid’s CEO pushed back hard on reports of bankruptcy or a take-private deal, easing some of the worst-case fears that had pressured the stock and triggering a strong rebound in trading. Lucid Stock, Down About 44% This Year, Skyrockets Over 28% After CEO Goes on the Offensive Against Bankruptcy Report
• Positive Sentiment: The stock has extended its recovery for multiple sessions, with traders viewing the denial and liquidity reassurance as a meaningful short-term catalyst after a steep selloff. Lucid Rallies 10% for a Third Straight Up Day, Leaving Tesla, Rivian Behind
• Neutral Sentiment: Multiple law firms have announced or reminded investors about a securities class action and a July 28 lead-plaintiff deadline, which adds headline risk but is not the main driver of the day’s trading move. LCID DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Lucid Group (LCID) Investors of Securities Class Action Lawsuit Deadline on July 28, 2026
• Neutral Sentiment: Additional class-action notices from Kaplan Fox, Rosen, Pomerantz, and others reinforce that Lucid remains under legal scrutiny over alleged investor harm during the Feb. 25-Apr. 13 class period. The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 28, 2026 in Lucid Group, Inc. Lawsuit – LCID

Analysts Set New Price Targets

Several analysts recently commented on LCID shares. TD Cowen cut their target price 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. Robert W. Baird set a $6.00 price target on shares of Lucid Group in a research report on Wednesday, May 6th. Evercore set a $6.00 price target on Lucid Group in a report on Monday, May 11th. Morgan Stanley set a $5.00 price target on Lucid Group in a report on Wednesday, May 6th. Finally, Citigroup reiterated a “buy” rating and set a $14.00 price objective (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.56.

Lucid Group Stock Performance

The firm’s 50 day simple moving average is $5.79 and its 200-day simple moving average is $8.28. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jain Global LLC raised its position in Lucid Group by 13.3% in the 4th quarter. Jain Global LLC now owns 10,220 shares of the company’s stock worth $108,000 after purchasing an additional 1,200 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Lucid Group by 3.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock worth $393,000 after buying an additional 1,336 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Lucid Group by 11.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock valued at $144,000 after buying an additional 1,430 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Lucid Group by 9.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company’s stock valued at $190,000 after buying an additional 1,569 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Lucid Group by 16.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,645 shares of the company’s stock valued at $123,000 after buying an additional 1,604 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

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.