Lucid Group, Inc. (NASDAQ:LCID) Receives Average Rating of “Reduce” from Analysts

Lucid Group, Inc. (NASDAQ:LCID) has received a consensus rating of “Reduce” from the eleven analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.6667.

Several research firms have recently commented on LCID. TD Cowen reduced 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. Bank of America began coverage on shares of Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 target price for the company. Citigroup restated a “buy” rating and issued a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Finally, Benchmark cut shares of Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Lucid announced a software update for the Lucid Gravity SUV that adds hands-free driving assist and improvements to navigation, charging, and usability, highlighting continued product development and feature expansion. Lucid Rolls Out Hands-Free Driving Assist and New Software Features for Lucid Gravity in North America
• Neutral Sentiment: Multiple law firms, including Rosen, Bronstein, Wolf Haldenstein, Faruqi & Faruqi, Levi & Korsinsky, and Kaplan Fox, issued reminders and alerts about an already filed securities class action against Lucid and certain executives, with a lead-plaintiff deadline of July 28, 2026. ROSEN, LEADING INVESTOR COUNSEL, Encourages Lucid Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LCID
• Negative Sentiment: The repeated class-action coverage centers on allegations that Lucid misled investors about supplier qualification and Gravity SUV production issues, including an unauthorized supplier change and defective seatbelt welds that allegedly delayed deliveries, creating a meaningful legal and operational risk for LCID. LCID Shareholder Alert: Lucid Group, Inc. Securities Class Action Lawsuit

Institutional Trading of Lucid Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jain Global LLC lifted its stake in shares of Lucid Group by 13.3% in the fourth quarter. Jain Global LLC now owns 10,220 shares of the company’s stock valued at $108,000 after purchasing an additional 1,200 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Lucid Group by 3.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock valued at $393,000 after purchasing an additional 1,336 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Lucid Group by 11.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock valued at $144,000 after purchasing an additional 1,430 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Lucid Group by 9.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company’s stock valued at $190,000 after purchasing an additional 1,569 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Lucid Group by 16.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 11,645 shares of the company’s stock valued at $123,000 after purchasing an additional 1,604 shares during the period. Institutional investors and hedge funds own 75.17% of the company’s stock.

Lucid Group Stock Down 0.4%

LCID stock opened at $5.09 on Tuesday. Lucid Group has a one year low of $5.00 and a one year high of $33.70. The stock has a market capitalization of $1.99 billion, a PE ratio of -0.39 and a beta of 0.89. 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 fifty day moving average of $7.00 and a 200-day moving average of $9.64.

Lucid Group (NASDAQ:LCID) last released its earnings results on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.29). Lucid Group had a negative return on equity of 304.01% and a negative net margin of 248.09%.The firm had revenue of $282.47 million during the quarter, compared to analyst estimates of $358.46 million. During the same quarter last year, the business posted ($0.20) EPS. The firm’s revenue was up 20.2% on a year-over-year basis. As a group, analysts expect that Lucid Group will post -10.75 EPS for the current year.

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.