Lucid Group, Inc. $LCID Stock Position Decreased by Context Capital Management LLC

Context Capital Management LLC reduced its position in shares of Lucid Group, Inc. (NASDAQ:LCID) by 93.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 41,180 shares of the company’s stock after selling 555,914 shares during the quarter. Context Capital Management LLC’s holdings in Lucid Group were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 2,740 shares during the period. IFP Advisors Inc boosted its holdings in Lucid Group by 1,231.3% during the second quarter. IFP Advisors Inc now owns 3,781 shares of the company’s stock valued at $25,000 after acquiring an additional 3,497 shares during the period. Allworth Financial LP boosted its holdings in Lucid Group by 249.9% during the second quarter. Allworth Financial LP now owns 4,010 shares of the company’s stock valued at $27,000 after acquiring an additional 2,864 shares during the period. Nykredit A S acquired a new stake in shares of Lucid Group in the second quarter valued at about $47,000. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of Lucid Group in the first quarter valued at about $98,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.

Lucid Group Trading Up 4.7%

Shares of LCID stock opened at $3.77 on Wednesday. The firm has a market capitalization of $1.49 billion, a P/E ratio of -0.29 and a beta of 0.80. Lucid Group, Inc. has a 1 year low of $2.37 and a 1 year high of $17.40. The firm’s fifty day simple moving average is $3.81 and its 200 day simple moving average is $6.65.

Lucid Group (NASDAQ:LCID) last issued its quarterly earnings results on Monday, November 9th. The company reported ($2.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.03). The company had revenue of $350.32 million during the quarter, compared to the consensus estimate of $395.67 million. Lucid Group had a negative net margin of 253.58% and a negative return on equity of 1,391.51%. Lucid Group’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned ($2.65) earnings per share. Equities research analysts anticipate that Lucid Group, Inc. will post -12.15 EPS for the current fiscal year.

More Lucid Group News

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

• Positive Sentiment: Lucid expanded its credit facility with its largest shareholder, Saudi Arabia’s Public Investment Fund, by $1.75 billion. The move lifts pro forma liquidity to about $3.75 billion and is expected to fund operations into the fourth quarter of 2027, giving the company more time to pursue its vehicle plans. Lucid expands PIF credit facility
• Positive Sentiment: Lucid reported that quarterly cash consumption fell 30% sequentially, while management said its operational transformation is progressing. Investors appear focused on the improved cash discipline despite the earnings shortfall. Why Lucid Stock Keeps Going Up
• Positive Sentiment: The company is expanding its service footprint, and global service wait times declined 20% in the third quarter—potentially supporting customer experience as Lucid grows. Lucid expands service network
• Neutral Sentiment: RBC sees early progress in Lucid’s operational reset but identifies execution as the central risk. The additional financing also comes with conditions, so the company’s ability to sustain its turnaround remains important. RBC on Lucid’s operational reset
• Negative Sentiment: Third-quarter results missed consensus: Lucid reported a $2.30 per-share loss versus an expected $2.27 loss, and revenue of $350.3 million versus estimates of about $395.7 million. Revenue was up 4.1% year over year, but the miss and continued losses underscore the challenge of converting the reset into stronger growth. Lucid misses Wall Street’s expectations
• Negative Sentiment: Cantor Fitzgerald and Robert W. Baird both lowered their price targets and maintained neutral ratings, reflecting analyst caution after earnings. Cantor Fitzgerald rating information

Analyst Upgrades and Downgrades

LCID has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a research note on Monday, September 21st. Morgan Stanley decreased their target price on Lucid Group from $5.00 to $3.00 and set an “underweight” rating for the company in a research note on Thursday, October 15th. Citigroup decreased their target price on Lucid Group from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Cantor Fitzgerald lowered their target price on Lucid Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Lucid Group has an average rating of “Reduce” and an average price target of $7.33.

Lucid Group Profile

Lucid Group, Inc. designs, engineers and manufactures electric vehicles and related technologies. Its lineup includes the Lucid Air luxury electric sedan and the Lucid Gravity luxury SUV, which combine electric powertrains with software and battery systems developed by the company. The company was founded in 2007 as Atieva, initially focusing on electric-vehicle battery technology, and adopted the Lucid Motors name in 2016 as it expanded into vehicle development. Lucid is headquartered in Newark, California, and manufactures vehicles in Arizona, with additional production and assembly operations in Saudi Arabia.