Lucid Group (NASDAQ:LCID) Trading 3% Higher – Here’s What Happened
by Sarita Garza · The Markets DailyLucid Group, Inc. (NASDAQ:LCID – Get Free Report)’s stock price rose 3% during mid-day trading on Tuesday . The stock traded as high as $7.44 and last traded at $7.32. Approximately 12,267,729 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 14,188,376 shares. The stock had previously closed at $7.11.
Key Headlines Impacting Lucid Group
Here are the key news stories impacting Lucid Group this week:
- Positive Sentiment: Some investors are still looking at Lucid’s long-term growth story, including continued production scaling and its large Saudi Arabia-related purchase agreement, which could support demand expectations over time. Article Title
- Neutral Sentiment: Several law firms issued reminders about the July 28 lead-plaintiff deadline in the existing securities class action, keeping the lawsuit in the spotlight but adding little new information beyond ongoing legal overhang. Article Title
- Neutral Sentiment: Brokerage commentary showed a cautious tone, with Zacks Research downgrading Lucid from “hold” to “strong sell” and an average brokerage rating of “reduce.” Article Title
- Negative Sentiment: The biggest drag remains the class action lawsuit tied to the February 25-April 13, 2026 period, with multiple firms urging investors to join before the July 28 deadline; headlines also highlighted alleged delivery and revenue shortfalls, reinforcing concerns about execution and financial performance. Article Title
- Negative Sentiment: Lucid is also slipping alongside Tesla and other EV names after Tesla’s earnings miss rattled sentiment across the sector. Article Title
Analysts Set New Price Targets
LCID has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating and set a $14.00 price target (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. Robert W. Baird set a $6.00 price objective on Lucid Group in a research report on Wednesday, May 6th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $7.00 target price (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. TD Cowen decreased their target price on Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Finally, Benchmark cut Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Lucid Group currently has an average rating of “Reduce” and a consensus price target of $9.56.
Read Our Latest Research Report on LCID
Lucid Group Stock Down 2.5%
The firm has a market cap of $2.58 billion, a P/E ratio of -0.50 and a beta of 0.83. The firm’s fifty day moving average is $5.85 and its 200 day moving average is $8.18. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02.
Hedge Funds Weigh In On Lucid Group
A number of large investors have recently made changes to their positions in LCID. SG Americas Securities LLC increased its position in Lucid Group by 65.9% during the 4th quarter. SG Americas Securities LLC now owns 181,153 shares of the company’s stock worth $1,915,000 after buying an additional 71,966 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 701,826 shares in the last quarter. Virtu Financial LLC bought a new position in Lucid Group during the fourth quarter worth about $1,355,000. Calamos Advisors LLC bought a new position in Lucid Group during the fourth quarter worth about $1,586,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Lucid Group by 58.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 111,994 shares of the company’s stock worth $1,249,000 after purchasing an additional 41,192 shares in the last quarter. Institutional investors own 75.17% of the company’s stock.
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.