Lucid Group (NASDAQ:LCID) Trading Down 7.4% – Here’s Why

Lucid Group, Inc. (NASDAQ:LCID) traded down 7.4% during trading on Wednesday . The stock traded as low as $6.69 and last traded at $6.78. 16,992,930 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 14,217,721 shares. The stock had previously closed at $7.32.

Key Lucid Group News

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

• Negative Sentiment: A number of firms announced or reminded investors about a securities fraud class action against Lucid, highlighting alleged misstatements and loss recovery claims that can weigh on the stock. Kaplan Fox Notifies Lucid Group, Inc. (LCID) Investors of a Securities Class Action Deadline on July 28, 2026
• Negative Sentiment: Coverage around Lucid’s stock noted that fraud claims and a strong sell rating have hurt sentiment, adding to the downside pressure on LCID. Why Lucid Group Stock Is Tanking Today
• Negative Sentiment: Additional lawsuit notices and deadline reminders from Rosen, Pomerantz, Kaplan Fox, Berger Montague, and others kept the legal overhang in the spotlight for Lucid investors. LCID Deadline: Rosen Law Firm Urges Lucid Group, Inc. (NASDAQ: LCID) Stockholders to Contact the Firm for Information About Their Rights

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LCID. Cantor Fitzgerald restated a “neutral” rating and issued a $14.00 price objective on shares of Lucid Group in a report on Monday, May 4th. Robert W. Baird set a $6.00 price objective on Lucid Group in a research note on Wednesday, May 6th. TD Cowen dropped their target price on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Morgan Stanley set a $5.00 price target on shares of Lucid Group in a research note on Wednesday, May 6th. Finally, Benchmark cut Lucid Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $9.56.

Lucid Group Stock Performance

The stock has a 50 day moving average of $5.85 and a 200 day moving average of $8.15. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -0.49 and a beta of 0.83. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of Lucid Group by 65.9% in the fourth quarter. SG Americas Securities LLC now owns 181,153 shares of the company’s stock worth $1,915,000 after purchasing an additional 71,966 shares during the last quarter. Vanguard Group Inc. increased its holdings in Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after purchasing an additional 701,826 shares during the period. Virtu Financial LLC bought a new position in Lucid Group during the 4th quarter worth $1,355,000. Calamos Advisors LLC bought a new position in Lucid Group during the 4th quarter worth $1,586,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Lucid Group by 58.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 111,994 shares of the company’s stock worth $1,249,000 after buying an additional 41,192 shares during the period. 75.17% of the stock is currently 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.