Lucid Group (NASDAQ:LCID) Stock Price Down 10% – Here’s What Happened

07 Jun 2026, 13:30 by Kim Johansen · The Markets Daily

Lucid Group, Inc. (NASDAQ:LCID – Get Free Report)’s share price traded down 10% during trading on Friday . The company traded as low as $5.09 and last traded at $5.11. 24,246,451 shares were traded during mid-day trading, an increase of 105% from the average session volume of 11,805,322 shares. The stock had previously closed at $5.68.

Key Lucid Group News

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

Positive Sentiment: One note argued Lucid is deeply oversold and suggested the stock could rebound sharply if sentiment improves. Lucid Stock Is Deeply Oversold and We See 45% Gains Ahead
Positive Sentiment: Lucid shareholders approved expanded 2021 equity incentive plans at the annual meeting, which may help the company retain and motivate employees. Lucid Shareholders Approve Expanded 2021 Equity Incentive Plans
Neutral Sentiment: Lucid remains part of a three-way robotaxi agreement involving Uber and Nuro, which keeps its EV platform in a strategic mobility story, though the immediate stock impact is unclear. Uber reportedly commits $500m to robotaxi startup Nuro
Negative Sentiment: A series of law firms, including Rosen, Wolf Haldenstein, Howard G. Smith, Pomerantz, Bernstein Liebhard, and others, announced or promoted class-action lawsuits and investigation notices against Lucid, creating a significant legal overhang and signaling possible investor concern about prior disclosures and financial results. Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc. and Certain Officers – LCID
Negative Sentiment: Recent commentary also highlighted leadership-transition and execution risks after Lucid appointed Silvio Napoli as CEO, with the stock facing renewed scrutiny over transparency and operational issues. Lucid Group CEO Shift Tests Execution, Transparency And Legal Risk

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LCID shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $14.00 price objective on shares of Lucid Group in a report on Monday, May 4th. Citigroup reiterated a “buy” rating and issued a $14.00 price objective (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Benchmark lowered shares of Lucid Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a research report on Wednesday, May 6th. Finally, Bank of America initiated coverage on shares of Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $9.67.

Get Our Latest Stock Analysis on Lucid Group

Lucid Group Stock Performance

The stock has a market capitalization of $1.99 billion, a P/E ratio of -0.39 and a beta of 0.89. The stock has a 50 day simple moving average of $7.10 and a two-hundred day simple moving average of $9.72. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $282.47 million for the quarter, compared to the consensus estimate of $358.46 million. During the same quarter in the prior year, the company earned ($0.20) EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities analysts forecast that Lucid Group, Inc. will post -10.75 EPS for the current fiscal year.

Institutional Trading of Lucid Group

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Lucid Group by 9.5% during the 1st quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock worth $267,000 after purchasing an additional 9,578 shares during the last quarter. AQR Capital Management LLC lifted its stake in Lucid Group by 89.9% in the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock valued at $1,226,000 after purchasing an additional 254,551 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Lucid Group by 103.2% in the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after purchasing an additional 19,294 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after purchasing an additional 2,874,603 shares during the period. Finally, Empowered Funds LLC increased its position in Lucid Group by 11.3% during the first quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock worth $268,000 after buying an additional 11,252 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Lucid Group Company Profile

(Get Free Report)

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.