Lucid Group (NASDAQ:LCID) Shares Down 4.8% – Should You Sell?

Lucid Group, Inc. (NASDAQ:LCID) shares were down 4.8% during mid-day trading on Friday . The company traded as low as $5.55 and last traded at $5.55. Approximately 8,119,362 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 12,298,031 shares. The stock had previously closed at $5.83.

Lucid Group News Roundup

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

• Positive Sentiment: Lucid drew investor attention for a recent Q2 delivery bounce, and one market commentary suggested the company’s delivery rebound is only part of the broader turnaround story. Lucid: The Q2 Delivery Bounce Is Only Half The Battle
• Neutral Sentiment: Lucid also received a note that short interest was reported at 0 shares, making the short-interest data largely uninformative for trading direction right now.
• Negative Sentiment: Multiple law firms issued fresh reminders about a securities class-action lawsuit against Lucid tied to the February 25, 2026 to April 13, 2026 period, with a July 28 lead-plaintiff deadline. These repeated notices keep legal risk front and center for investors. LCID Deadline: LCID Investors with Losses in Excess of $100K Have Opportunity to Lead Lucid Group, Inc. Securities Fraud Lawsuit
• Negative Sentiment: Additional class-action alerts from Howard G. Smith, Rosen, Kaplan Fox, Faruqi & Faruqi, Schall, Gross Law Firm, and Bernstein Liebhard added to the legal overhang, reinforcing concerns that can pressure the stock. LCID EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Lucid Group (LCID) Investors of Securities Class Action Lawsuit Deadline on July 28, 2026

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LCID. 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. Benchmark downgraded Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $14.00 price objective on shares of Lucid Group in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Lucid Group has a consensus rating of “Reduce” and an average price target of $9.67.

Lucid Group Price Performance

The company’s 50-day simple moving average is $5.82 and its 200-day simple moving average is $8.48. 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 stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -0.42 and a beta of 0.83.

Hedge Funds Weigh In On Lucid Group

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Lucid Group by 1,574.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock valued at $28,000 after buying an additional 2,740 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Lucid Group by 47.5% during the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after buying an additional 5,000 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Lucid Group during the second quarter worth $41,000. Worldquant Millennium Advisors LLC bought a new stake in shares of Lucid Group in the second quarter valued at about $59,000. Finally, Leonteq Securities AG bought a new stake in shares of Lucid Group in the fourth quarter valued at about $67,000. 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.