Lucid Group (NASDAQ:LCID) Trading Down 1% – Should You Sell?

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

Lucid Group News Roundup

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

• Positive Sentiment: Traders are buying Lucid on renewed interest in its longer-term autonomy strategy, with commentary pointing to a possible 2027 robotaxi rollout as a reason for Friday’s strength. Lucid Stock Is Climbing Friday: What’s Driving The Action?
• Neutral Sentiment: Lucid also drew attention for ongoing restructuring, including an 18% reduction in its U.S. workforce to cut costs and save an estimated $158 million annually, while leadership changes and new vehicle plans continue. What’s Behind Lucid’s Workforce Reduction and Leadership Shakeup?
• Neutral Sentiment: Multiple law firms issued reminders and deadline alerts tied to a Lucid securities class action involving investors who bought shares between February 25, 2026 and April 13, 2026, keeping legal uncertainty in focus. LCID Deadline: LCID Investors Have Opportunity to Lead Lucid Group, Inc. Securities Fraud Lawsuit
• Negative Sentiment: The class-action campaign may weigh on shares because it signals allegations of possible securities-law violations and could lead to legal costs, management distraction, or settlement risk. Lucid Group, Inc. (LCID) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Analyst Ratings Changes

LCID has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their price objective on shares of Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. Robert W. Baird set a $6.00 target price on shares of Lucid Group in a research report on Wednesday, May 6th. 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 dropped their price objective on 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 analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lucid Group currently has a consensus rating of “Reduce” and an average price target of $9.67.

Lucid Group Price Performance

The firm’s 50-day moving average price is $5.94 and its two-hundred day moving average price is $8.92. The stock has a market cap of $2.32 billion, a PE ratio of -0.45 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID) last issued 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 business had revenue of $282.46 million for the quarter, compared to analysts’ expectations of $358.46 million. Lucid Group had a negative net margin of 248.09% and a negative return on equity of 304.01%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. On average, equities analysts expect that Lucid Group, Inc. will post -10.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lucid Group

A number of large investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL acquired a new stake in shares of Lucid Group in the 3rd quarter worth $1,361,978,000. Uber Technologies Inc acquired a new position in Lucid Group during the 3rd quarter valued at about $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Lucid Group by 39.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock valued at $25,973,000 after buying an additional 3,465,542 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock worth $127,488,000 after acquiring an additional 701,826 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Lucid Group by 112.0% in the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after acquiring an additional 2,874,603 shares in the last quarter. 75.17% of the stock is owned by institutional investors and hedge funds.

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.