Lucid Group (NASDAQ:LCID) Trading Down 1.5% – What’s Next?

Shares of Lucid Group, Inc. (NASDAQ:LCID) traded down 1.5% during trading on Thursday . The company traded as low as $6.23 and last traded at $6.44. Approximately 6,059,317 shares traded hands during trading, a decline of 57% from the average daily volume of 13,992,183 shares. The stock had previously closed at $6.54.

Key Lucid Group News

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

• Positive Sentiment: Lucid introduced the Gravity GT-S, a higher-performance version of its electric SUV featuring greater power, sportier dynamics and luxury-focused design. The launch expands Lucid’s product lineup and could support demand and brand positioning, although its near-term financial impact is uncertain. Introducing Lucid Gravity GT-S
• Positive Sentiment: Investors remain encouraged by catalysts including new CEO Silvio Napoli, a major robotaxi partnership and additional capital. These developments have helped drive a substantial rebound and could improve Lucid’s growth prospects if management delivers on its plans. Prediction: Will Lucid Stock Double This Year?
• Positive Sentiment: One valuation analysis argues LCID could be approximately 22% undervalued after second-quarter results, citing higher sales and the possibility that Lucid’s operational reset creates longer-term upside. Lucid Group Could Be 22% Undervalued
• Neutral Sentiment: Analysts are divided on whether Lucid can double this year. The stock’s rally has improved sentiment, but its ability to sustain that move depends on execution, funding and evidence of stronger vehicle demand. Lucid Stock Double Prediction
• Negative Sentiment: Lucid reportedly delayed its Cosmos SUV launch. The decision may conserve cash and reduce execution risk, but it also postpones a potentially important growth vehicle while liquidity is tightening. Lucid Delays Cosmos SUV
• Negative Sentiment: Wall Street’s 12-month outlook remains predominantly bearish, reflecting Lucid’s sharp volatility, continuing losses and uncertainty about the company’s ability to scale. Wall Street Sets Lucid Stock Price Target
• Negative Sentiment: Lucid registered substantial preferred and common shares for potential resale. The filing does not necessarily mean immediate selling, but the additional share supply creates dilution and overhang risk. Lucid Files Resale Prospectus Supplement
• Negative Sentiment: Second-quarter results showed higher revenue but a much larger net loss. Management also acknowledged heavy cash consumption, excess inventory, inconsistent quality and a history of missed commitments, intensifying concerns about execution and financing needs. Top Analyst Questions From Lucid’s Q2 Earnings Call

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $14.00 price objective (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. Evercore set a $6.00 target price on Lucid Group in a report on Monday, May 11th. Morgan Stanley set a $5.00 price target on Lucid Group in a research note on Wednesday, May 6th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Lucid Group in a research report on Monday, August 3rd. Finally, TD Cowen reduced their price objective 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 four have assigned a Sell rating to the company. According to MarketBeat, Lucid Group currently has an average rating of “Reduce” and a consensus price target of $9.56.

Lucid Group Stock Down 3.4%

The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 3.00. The firm has a 50 day moving average of $6.20 and a two-hundred day moving average of $7.74. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -0.45 and a beta of 0.83.

Hedge Funds Weigh In On Lucid Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 2,740 shares during the last quarter. Brown Advisory Inc. grew its position 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 acquiring an additional 5,000 shares during the last quarter. Jump Financial LLC bought a new position in Lucid Group in the second quarter valued at about $41,000. Worldquant Millennium Advisors LLC acquired a new stake in shares of Lucid Group during the second quarter valued at about $59,000. Finally, Leonteq Securities AG acquired a new position in shares of Lucid Group in the fourth quarter valued at approximately $67,000. Institutional investors own 75.17% of the company’s stock.

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.