Lucid Group (NASDAQ:LCID) Trading Up 2.4% – Should You Buy?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price traded up 2.4% on Wednesday . The stock traded as high as $5.43 and last traded at $5.14. 13,969,234 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 12,024,778 shares. The stock had previously closed at $5.02.

Key Lucid Group News

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

• Positive Sentiment: Uber, Lucid, and Nuro named Houston as the second planned market for their robotaxi program, with commercial service targeted for mid-2027. The update adds credibility to Lucid’s autonomous ride-hailing strategy and gives investors another long-term growth catalyst. Article title: LCID Stock Jumps Over 7% — Uber-Lucid-Nuro Partnership Sets Stage For Robotaxis In Houston By 2027
• Positive Sentiment: Related coverage on the Uber-Lucid robotaxi expansion is reinforcing investor interest in Lucid’s potential role in the autonomous mobility market, which can support sentiment even though the launch is still far off. Article title: Uber and Lucid pick Houston as next robotaxi market as battle with Waymo, Tesla heats up
• Neutral Sentiment: Lucid also had a product-related announcement from Cint about adding in-flight outcomes measurement to Lucid Measurement, but it appears tied to Lucid’s advertising/measurement business rather than the automaker itself, so the stock impact is likely limited. Article title: Cint Brings In-Flight Outcomes Measurement to Lucid Measurement
• Negative Sentiment: Multiple law firms continue to publicize a class-action lawsuit and July 28 deadline for LCID investors, alleging securities-law violations tied to a concealed 29-day delivery halt and supplier-quality issues. That kind of headline risk can weigh on the shares. Article title: LCID Deadline Alert: Levi & Korsinsky Reminds Lucid Group, Inc. (LCID) Investors of Securities Class Action Deadline on July 28, 2026
• Negative Sentiment: Additional class-action notices from other firms keep the legal overhang in focus, suggesting investors are still digesting allegations around prior disclosures and delivery disruptions. Article title: Deadline Alert: Lucid Group, Inc. (LCID) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke Rotter LLP About Securities Fraud Lawsuit

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Lucid Group in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 price target on the stock. Robert W. Baird set a $6.00 price target on shares of Lucid Group in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their price target on shares of Lucid Group from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Benchmark downgraded shares of Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, TD Cowen decreased their price target on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $9.67.

Lucid Group Stock Up 2.4%

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 business’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $9.32. The company has a market capitalization of $2.01 billion, a PE ratio of -0.39 and a beta of 0.89.

Lucid Group (NASDAQ:LCID) last issued its earnings results on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.29). Lucid Group had a negative return on equity of 304.01% and a negative net margin of 248.09%.The firm had revenue of $282.47 million for the quarter, compared to analysts’ expectations of $358.46 million. During the same period last year, the firm earned ($0.20) earnings per share. Lucid Group’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts anticipate that Lucid Group, Inc. will post -10.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lucid Group

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake 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 during the period. Leonteq Securities AG purchased a new position in Lucid Group during the fourth quarter worth about $67,000. Caitong International Asset Management Co. Ltd purchased a new position in Lucid Group during the fourth quarter worth about $77,000. Eurizon Capital SGR S.p.A. purchased a new position in Lucid Group during the fourth quarter worth about $86,000. Finally, HITE Hedge Asset Management LLC purchased a new position in Lucid Group during the third quarter worth about $212,000. 75.17% of the stock is owned by hedge funds and other institutional investors.

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.