Lucid Group (NASDAQ:LCID) Shares Down 2.1% – Here’s What Happened

Shares of Lucid Group, Inc. (NASDAQ:LCID) traded down 2.1% during trading on Friday . The stock traded as low as $5.48 and last traded at $5.51. 6,553,332 shares traded hands during trading, a decline of 52% from the average session volume of 13,785,244 shares. The stock had previously closed at $5.63.

More Lucid Group News

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

• Positive Sentiment: Lucid announced Munsterhuis Autobedrijven as its first retail partner in the Netherlands. The partnership adds a sales and service location in Hengelo, complementing Lucid’s existing Hilversum Studio and Service Center and expanding access to customers nationwide. Lucid Announces Munsterhuis Autobedrijven as First Retail Partner in the Netherlands
• Positive Sentiment: Lucid’s decision to keep 2027 Air pricing unchanged was viewed as supportive for demand and helped drive earlier gains in the stock. Stable pricing may improve purchase visibility, although it does not address the company’s profitability challenges. Lucid Stock Rises After 2027 Air Pricing Announcement
• Neutral Sentiment: Zacks Research upgraded Lucid from “strong sell” to “hold.” The change reduces the intensity of the bearish recommendation but still signals that the firm does not see a clear near-term catalyst for an outright buy. Zacks Research
• Negative Sentiment: Citigroup lowered its price target for LCID to $11. While the target remains above the recent trading level, the reduction reflects more cautious expectations and can pressure sentiment toward the loss-making EV manufacturer. Citigroup Lowers Lucid Group Price Target

Wall Street Analyst Weigh In

Several analysts have weighed in on LCID shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $7.00 price target (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Lucid Group in a research note on Monday, August 3rd. Benchmark downgraded Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen decreased their price objective 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, Robert W. Baird set a $6.00 target price on Lucid Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Lucid Group currently has a consensus rating of “Reduce” and a consensus price target of $9.22.

Lucid Group Trading Down 2.1%

The firm has a market cap of $2.17 billion, a PE ratio of -0.40 and a beta of 0.83. The firm has a fifty day simple moving average of $6.28 and a two-hundred day simple moving average of $7.56. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID) last posted its earnings results on Tuesday, August 4th. The company reported ($2.78) earnings per share (EPS) 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 analysts’ expectations of $381.59 million. Lucid Group had a negative net margin of 249.21% and a negative return on equity of 1,391.51%. Lucid Group’s quarterly revenue was up 56.2% on a year-over-year basis. During the same period last year, the firm posted ($0.24) earnings per share. Equities analysts forecast that Lucid Group, Inc. will post -12.15 EPS for the current year.

Institutional Trading of Lucid Group

Large investors have recently added to or reduced their stakes in the stock. Uber Technologies Inc bought a new position in Lucid Group in the 3rd quarter worth $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lucid Group by 39.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock valued at $25,973,000 after purchasing an additional 3,465,542 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Lucid Group by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after purchasing an additional 701,826 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Lucid Group by 112.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after purchasing an additional 2,874,603 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Lucid Group by 93.5% during the second quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock valued at $9,465,000 after buying an additional 2,167,882 shares during the period. 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.