Lucid Group (NASDAQ:LCID) Trading Up 15.6% – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price rose 15.6% during mid-day trading on Friday . The stock traded as high as $5.95 and last traded at $5.92. Approximately 35,034,138 shares were traded during trading, an increase of 189% from the average daily volume of 12,142,869 shares. The stock had previously closed at $5.12.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on LCID. Cantor Fitzgerald reissued a “neutral” rating and set a $14.00 price objective on shares of Lucid Group in a report on Monday, May 4th. Evercore set a $6.00 target price on Lucid Group in a research report on Monday, May 11th. Morgan Stanley set a $5.00 target price on Lucid Group in a research report on Wednesday, May 6th. Robert W. Baird set a $6.00 price target on Lucid Group in a research note on Wednesday, May 6th. Finally, Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $9.67.

Lucid Group Trading Up 15.6%

The company has a market cap of $2.31 billion, a P/E ratio of -0.45 and a beta of 0.89. The firm’s 50 day moving average is $5.94 and its two-hundred day moving average is $8.92. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID) last announced 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). The company had revenue of $282.46 million for the quarter, compared to the consensus estimate of $358.46 million. Lucid Group had a negative return on equity of 304.01% and a negative net margin of 248.09%.The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) earnings per share. As a group, equities research analysts anticipate that Lucid Group, Inc. will post -10.75 EPS for the current year.

Hedge Funds Weigh In On Lucid Group

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Lucid Group by 1,574.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock valued at $28,000 after acquiring an additional 2,740 shares during the last quarter. Brown Advisory Inc. raised its holdings in Lucid Group by 47.5% during the 2nd quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock worth $33,000 after purchasing an additional 5,000 shares during the last quarter. Jump Financial LLC bought a new position in Lucid Group during the 2nd quarter worth approximately $41,000. Worldquant Millennium Advisors LLC acquired a new position in shares of Lucid Group in the 2nd quarter worth approximately $59,000. Finally, Leonteq Securities AG acquired a new position in shares of Lucid Group in the 4th quarter worth approximately $67,000. 75.17% of the stock is currently owned by 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.