Lucid Group (NASDAQ:LCID) Shares Up 5.9% – Here’s Why

17 Sep 2026, 21:20 by Kim Johansen · The Markets Daily

Shares of Lucid Group, Inc. (NASDAQ:LCID – Get Free Report) were up 5.9% during trading on Thursday . The stock traded as high as $4.55 and last traded at $4.28. 19,878,091 shares traded hands during trading, an increase of 45% from the average daily volume of 13,681,597 shares. The stock had previously closed at $4.04.

Lucid Group News Roundup

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

Positive Sentiment: European robotaxi partnership: Bolt aims to deploy at least 25,000 fully autonomous Lucid vehicles across major European cities, giving Lucid a potentially significant fleet customer and expanding its robotaxi strategy beyond the United States. Lucid, Bolt team up to deploy 25,000 robotaxis across Europe
Positive Sentiment: Technology and revenue opportunity: The planned vehicles would use Lucid’s upcoming midsize platform and NVIDIA’s Hyperion autonomous-driving architecture, targeting SAE Level 4 driverless capability in defined conditions. If successful, the program could create recurring mobility-service demand and improve utilization of Lucid’s vehicles. Lucid shares rise on Bolt deal for 25,000 robotaxis in Europe
Positive Sentiment: Restructuring milestone: Chief Executive Officer Silvio Napoli said restructuring work conducted with AlixPartners has concluded. Investors may view the completion as a step toward tighter cost control and a more focused operating plan, though financial details were not provided. 2 Reasons Lucid Stock Is Soaring
Neutral Sentiment: Execution timeline: Initial Bolt robotaxis could enter service around 2028, leaving several years for Lucid and its partners to finalize vehicle development, software integration, regulatory approvals and deployment plans. Lucid Motors has a potential robotaxi partner for Europe
Negative Sentiment: Commercial uncertainty: Reports indicate that no vehicle orders have been placed yet, so the 25,000-unit target is not guaranteed revenue. Lucid still faces substantial execution, funding and regulatory risks before the opportunity can materially improve results. Lucid Motors has a potential robotaxi partner for Europe

Wall Street Analyst Weigh In

LCID has been the topic of several research reports. William Blair cut Lucid Group to a “market perform” rating in a report on Monday, August 3rd. Citigroup cut their target price on Lucid Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $7.00 price target (down from $8.00) on shares of Lucid Group in a research report on Monday, July 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $9.22.

Read Our Latest Stock Analysis on LCID

Lucid Group Price Performance

The company has a market cap of $1.68 billion, a PE ratio of -0.31 and a beta of 0.81. The stock has a fifty day moving average price of $5.88 and a 200-day moving average price of $6.83. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.14 and a quick ratio of 0.57.

Lucid Group (NASDAQ:LCID – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($2.78) earnings per share for the quarter, missing the consensus estimate of ($2.36) by ($0.42). The business had revenue of $405.35 million for the quarter, compared to analyst estimates of $381.59 million. Lucid Group had a negative net margin of 249.21% and a negative return on equity of 1,391.51%. The firm’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. On average, equities analysts expect that Lucid Group, Inc. will post -12.15 earnings per share for the current year.

Institutional Trading of Lucid Group

Several institutional investors have recently made changes to their positions in LCID. Bank of America Corp DE grew its position in Lucid Group by 10.9% during the first quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock valued at $18,289,000 after purchasing an additional 189,134 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Lucid Group during the 2nd quarter valued at $3,125,000. Lazard Asset Management LLC grew its holdings in shares of Lucid Group by 192.6% during the 1st quarter. Lazard Asset Management LLC now owns 304,737 shares of the company’s stock valued at $2,904,000 after acquiring an additional 200,604 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of Lucid Group by 50.0% in the first quarter. Calamos Advisors LLC now owns 225,000 shares of the company’s stock worth $2,144,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Lucid Group in the second quarter worth $1,368,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.

About Lucid Group

(Get Free Report)

Lucid Group, Inc is an electric vehicle (EV) manufacturer that develops, engineers and produces luxury electric cars and SUVs. The company’s operations include vehicle design, battery systems, electric powertrains, software and charging technologies, with an emphasis on range, performance and interior space.