Lucid Group (NASDAQ:LCID) Shares Down 1% – Time to Sell?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price dropped 1% during trading on Wednesday . The company traded as low as $5.08 and last traded at $5.1370. Approximately 8,651,782 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 11,994,898 shares. The stock had previously closed at $5.19.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Lucid is positioning its recent restructuring — including an 18% reduction in U.S. jobs, shift eliminations, and removal of the COO role — as a move to improve efficiency, profitability, and cash flow over time.
• Neutral Sentiment: Some market coverage compared Lucid with Rivian and broader EV peers, but the commentary appears more analytical than directly tied to a new business catalyst.
• Negative Sentiment: Multiple law firms announced or reminded investors about a Lucid securities class action, with a key lead-plaintiff deadline of July 28, 2026, keeping litigation risk in focus for shareholders. Article Title
• Negative Sentiment: One lawsuit filing specifically alleges investor harm and claims Lucid and certain officers violated federal securities laws during the class period, which can weigh on sentiment and increase legal overhang. Article Title
• Negative Sentiment: Reports that Lucid cut about 18% of its U.S. workforce and eliminated the COO role highlight operational stress and ongoing restructuring, which may signal continued execution challenges. Article Title

Analysts Set New Price Targets

A number of brokerages recently weighed in on LCID. Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Robert W. Baird set a $6.00 price target on Lucid Group in a report on Wednesday, May 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $14.00 price objective on shares of Lucid Group in a research report on Monday, May 4th. Morgan Stanley set a $5.00 price objective on Lucid Group in a research note on Wednesday, May 6th. Finally, Benchmark lowered Lucid Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $9.67.

Lucid Group Stock Down 1.0%

The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02. The firm’s 50 day moving average price is $6.10 and its two-hundred day moving average price is $9.04. The company has a market cap of $2.00 billion, a P/E 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) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $282.46 million for the quarter, compared to the consensus estimate of $358.46 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts anticipate that Lucid Group, Inc. will post -10.75 EPS for the current fiscal year.

Institutional Trading of Lucid Group

Several large investors have recently made changes to their positions in LCID. EverSource Wealth Advisors LLC raised its stake in Lucid Group by 1,574.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock worth $28,000 after buying an additional 2,740 shares during the period. Brown Advisory Inc. grew its stake in Lucid Group by 47.5% in the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock valued at $33,000 after acquiring an additional 5,000 shares during the period. Jump Financial LLC acquired a new stake in Lucid Group in the second quarter valued at approximately $41,000. Worldquant Millennium Advisors LLC bought a new stake in shares of Lucid Group during the second quarter valued at approximately $59,000. Finally, Leonteq Securities AG bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $67,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.

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.