Stock Traders Buy High Volume of Call Options on Lucid Group (NASDAQ:LCID)

Lucid Group, Inc. (NASDAQ:LCID) was the target of some unusual options trading activity on Tuesday. Investors purchased 73,420 call options on the company. This represents an increase of approximately 47% compared to the average daily volume of 49,946 call options.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Saudi Prince Alwaleed bin Talal disclosed a passive 5% stake in Lucid, valued at approximately $150 million. The investment increases Saudi-linked ownership of the electric-vehicle maker and was viewed as a vote of confidence in Lucid’s long-term prospects. Saudi prince buys 5% stake in Lucid Motors
• Positive Sentiment: Trading activity also reflected bullish interest, with investors purchasing about 73,420 call options—roughly 47% above typical daily call volume. This may have added momentum to the stock’s move, although options activity does not necessarily indicate a change in Lucid’s fundamentals.
• Neutral Sentiment: Coverage noted that Lucid had recently outperformed several other electric-vehicle stocks, but the shares remained well below their 12-month high. Investors may therefore view the Saudi investment as a potential catalyst for a broader recovery rather than evidence that operating challenges have been resolved. Lucid stock recovery analysis
• Negative Sentiment: Multiple law firms publicized a securities class action involving investors who purchased Lucid securities from February 25 through April 13, 2026. The July 28 lead-plaintiff deadline keeps allegations of securities-law violations and potential litigation costs in focus, creating an overhang for LCID. Pomerantz class action announcement
• Negative Sentiment: Analysts are expecting Lucid to report a decline in earnings in its upcoming results, signaling that profitability and execution remain key risks despite the renewed investor interest. Lucid earnings expectations

Lucid Group Price Performance

NASDAQ:LCID traded up $1.40 during mid-day trading on Tuesday, hitting $7.90. 39,671,308 shares of the company’s stock traded hands, compared to its average volume of 14,287,824. 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 firm’s 50 day simple moving average is $5.87 and its 200 day simple moving average is $8.08. Lucid Group has a 1 year low of $2.37 and a 1 year high of $27.80. The company has a market cap of $3.08 billion, a PE ratio of -0.60 and a beta of 0.83.

Institutional Investors Weigh In On Lucid Group

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Lucid Group by 1,574.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock valued at $28,000 after buying an additional 2,740 shares during the last quarter. Brown Advisory Inc. boosted its position in Lucid Group by 47.5% during the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after acquiring an additional 5,000 shares during the last quarter. Jump Financial LLC acquired a new stake in Lucid Group during the second quarter worth approximately $41,000. Worldquant Millennium Advisors LLC purchased a new stake in Lucid Group in the 2nd quarter worth approximately $59,000. Finally, Leonteq Securities AG purchased a new stake in Lucid Group in the 4th quarter worth approximately $67,000. 75.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LCID. Citigroup reissued a “buy” rating and set a $14.00 price objective (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Evercore set a $6.00 price target on Lucid Group in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research note on Wednesday, June 24th. Benchmark cut Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $14.00 target price on shares of Lucid Group in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lucid Group presently has a consensus rating of “Reduce” and a consensus price target of $9.56.

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.