Lucid Group (NASDAQ:LCID) Trading Down 3.4% – Time to Sell?

by · The Markets Daily

Shares of Lucid Group, Inc. (NASDAQ:LCID – Get Free Report) traded down 3.4% during trading on Friday . The stock traded as low as $6.12 and last traded at $6.22. 6,256,945 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 13,938,946 shares. The stock had previously closed at $6.44.

Lucid Group News Roundup

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

  • Positive Sentiment: Lucid introduced the Gravity GT-S, a higher-performance version of its electric SUV featuring greater power, sportier dynamics and luxury-focused design. The launch expands Lucid’s product lineup and could support demand and brand positioning, although its near-term financial impact is uncertain. Introducing Lucid Gravity GT-S
  • Positive Sentiment: Investors remain encouraged by catalysts including new CEO Silvio Napoli, a major robotaxi partnership and additional capital. These developments have helped drive a substantial rebound and could improve Lucid’s growth prospects if management delivers on its plans. Prediction: Will Lucid Stock Double This Year?
  • Positive Sentiment: One valuation analysis argues LCID could be approximately 22% undervalued after second-quarter results, citing higher sales and the possibility that Lucid’s operational reset creates longer-term upside. Lucid Group Could Be 22% Undervalued
  • Neutral Sentiment: Analysts are divided on whether Lucid can double this year. The stock’s rally has improved sentiment, but its ability to sustain that move depends on execution, funding and evidence of stronger vehicle demand. Lucid Stock Double Prediction
  • Negative Sentiment: Lucid reportedly delayed its Cosmos SUV launch. The decision may conserve cash and reduce execution risk, but it also postpones a potentially important growth vehicle while liquidity is tightening. Lucid Delays Cosmos SUV
  • Negative Sentiment: Wall Street’s 12-month outlook remains predominantly bearish, reflecting Lucid’s sharp volatility, continuing losses and uncertainty about the company’s ability to scale. Wall Street Sets Lucid Stock Price Target
  • Negative Sentiment: Lucid registered substantial preferred and common shares for potential resale. The filing does not necessarily mean immediate selling, but the additional share supply creates dilution and overhang risk. Lucid Files Resale Prospectus Supplement
  • Negative Sentiment: Second-quarter results showed higher revenue but a much larger net loss. Management also acknowledged heavy cash consumption, excess inventory, inconsistent quality and a history of missed commitments, intensifying concerns about execution and financing needs. Top Analyst Questions From Lucid’s Q2 Earnings Call

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LCID shares. Zacks Research downgraded shares of Lucid Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Citigroup reiterated a “buy” rating and set a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. William Blair lowered Lucid Group to a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a research report on Wednesday, June 24th. Finally, TD Cowen dropped their price target on Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Lucid Group presently has an average rating of “Reduce” and an average target price of $9.56.

Check Out Our Latest Research Report on Lucid Group

Lucid Group Trading Down 3.4%

The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.57 and a current ratio of 1.14. The stock has a market capitalization of $2.45 billion, a PE ratio of -0.45 and a beta of 0.83. The business’s 50-day moving average is $6.20 and its two-hundred day moving average is $7.74.

Institutional Trading of Lucid Group

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

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.

See Also