Lucid Group (NASDAQ:LCID) Trading Up 8.3% – Should You Buy?

Lucid Group, Inc. (NASDAQ:LCID) shares traded up 8.3% on Friday . The company traded as high as $5.47 and last traded at $5.5450. Approximately 5,186,515 shares traded hands during trading, a decline of 56% from the average session volume of 11,916,774 shares. The stock had previously closed at $5.12.

Key Lucid Group News

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

• Positive Sentiment: Traders are bidding up Lucid on continued attention to its autonomy roadmap and the potential for a 2027 robotaxi launch, which suggests future growth opportunities beyond EV sales alone. Lucid Stock Is Climbing Friday: What’s Driving The Action?
• Neutral Sentiment: Multiple law firms issued reminders about the July 28 lead-plaintiff deadline in the securities class action, keeping the legal overhang in focus for investors, but these notices mainly reiterate existing litigation rather than add new claims. LCID Deadline Alert: The Gross Law Firm Reminds Lucid Group, Inc. (LCID) Investors of Securities Class Action Deadline on July 28, 2026
• Neutral Sentiment: Additional class-action notices from Schall, Rosen, Berger Montague, Faruqi & Faruqi, Pomerantz, Bronstein Gewirtz & Grossman, and Frank R. Cruz reinforce the same lawsuit backdrop, which may keep sentiment cautious but does not appear to be the main driver of the stock’s move today.
• Negative Sentiment: Separately, coverage highlighting Lucid’s workforce reduction, leadership shakeup, and balance-sheet concerns points to ongoing execution and financial-risk worries that could weigh on the stock over time. What’s Behind Lucid’s Workforce Reduction and Leadership Shakeup?

Analyst Ratings Changes

A number of brokerages have issued reports on LCID. Morgan Stanley set a $5.00 price target on Lucid Group in a research note on Wednesday, May 6th. Bank of America initiated coverage on Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price objective for the company. Robert W. Baird set a $6.00 target price on Lucid Group in a research report on Wednesday, May 6th. Citigroup reissued 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. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $9.67.

Lucid Group Trading Up 8.3%

The company has a 50-day moving average of $5.94 and a 200 day moving average of $8.92. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.02 and a quick ratio of 0.48. The company has a market cap of $2.16 billion, a PE ratio of -0.42 and a beta of 0.89.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.53) by ($0.29). The company had revenue of $282.46 million during the quarter, compared to the consensus estimate of $358.46 million. Lucid Group had a negative net margin of 248.09% and a negative return on equity of 304.01%. Lucid Group’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.20) earnings per share. Analysts predict that Lucid Group, Inc. will post -10.75 earnings per share for the current year.

Institutional Trading of Lucid Group

Institutional investors have recently added to or reduced their stakes in the company. Verus Capital Partners LLC purchased a new position in shares of Lucid Group during the first quarter valued at approximately $108,000. Essential Partners LLC purchased a new stake in shares of Lucid Group in the first quarter worth approximately $126,000. J. Derek Lewis & Associates Inc. lifted its stake in shares of Lucid Group by 32.8% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 19,820 shares of the company’s stock worth $189,000 after acquiring an additional 4,896 shares during the last quarter. Bank of America Corp DE boosted its holdings in Lucid Group by 10.9% during the 1st quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock valued at $18,289,000 after acquiring an additional 189,134 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Lucid Group during the 1st quarter valued at $976,000. Institutional investors own 75.17% of the company’s stock.

About Lucid Group

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.