Stock Traders Buy Large Volume of Lucid Group Call Options (NASDAQ:LCID)

Lucid Group, Inc. (NASDAQ:LCID) was the target of some unusual options trading activity on Thursday. Investors bought 92,106 call options on the company. This represents an increase of approximately 84% compared to the average volume of 50,121 call options.

Institutional Trading of Lucid Group

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Lucid Group by 10.9% in the 1st quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock valued at $18,289,000 after acquiring an additional 189,134 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Lucid Group by 192.6% in the 1st quarter. Lazard Asset Management LLC now owns 304,737 shares of the company’s stock worth $2,904,000 after purchasing an additional 200,604 shares in the last quarter. Vanguard Group Inc. raised its position in Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock valued at $127,488,000 after purchasing an additional 701,826 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Lucid Group during the fourth quarter valued at about $1,355,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Lucid Group during the first quarter worth about $976,000. Institutional investors and hedge funds own 75.17% of the company’s stock.

Lucid Group Trading Down 1.6%

Shares of LCID stock opened at $5.01 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 3.00. The stock has a market cap of $1.97 billion, a P/E ratio of -0.37 and a beta of 0.83. The stock has a 50 day simple moving average of $6.27 and a 200 day simple moving average of $7.37. Lucid Group has a 1 year low of $2.37 and a 1 year high of $25.23.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($2.78) EPS for the quarter, missing analysts’ consensus estimates of ($2.36) by ($0.42). The company had revenue of $405.35 million for the quarter, compared to the consensus estimate of $381.59 million. Lucid Group had a negative return on equity of 1,391.51% and a negative net margin of 249.21%.Lucid Group’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) EPS. On average, research analysts predict that Lucid Group will post -12.15 earnings per share for the current fiscal year.

Lucid Group News Roundup

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

• Positive Sentiment: Lucid announced three leadership appointments spanning commercial operations, finance, and marketing. Management said the hires are intended to improve execution, financial discipline, and customer engagement—areas that could support the company’s turnaround if the new team delivers. Lucid Adds New Leaders Across Commercial, Finance, and Marketing
• Positive Sentiment: The company’s Gravity strategy and recently unveiled three-row crossover provide potential growth catalysts, although investors have so far focused more on execution, demand, and funding risks than on the product announcement. Lucid Group: Is Its Gravity Strategy Taking Shape?
• Neutral Sentiment: Unusually heavy call-option activity—92,106 calls purchased, up 84% from average volume—signals increased speculative interest, but it does not establish a clear direction for the shares.
• Negative Sentiment: Lucid is recalling 27,185 Air sedans in the United States after the National Highway Traffic Safety Administration said an exterior lighting circuit could overheat and raise the risk of fire. The recall may increase costs and further weigh on consumer confidence in the brand. Lucid to recall more than 27,000 luxury sedans over fire risk
• Negative Sentiment: Lucid is also being pressured by broader weakness in electric-vehicle stocks, with investors reacting negatively to a major finance leadership departure at Rivian and reassessing the sector’s funding and production challenges. Rivian Falls as CFO Departs for GE Vernova; Lucid Slips
• Negative Sentiment: Recent commentary continues to highlight Lucid’s cash burn, large losses, limited scale, and competition from better-funded EV makers. Those concerns overshadowed the company’s product and turnaround announcements. Lucid Group Keeps Burning Cash While Rivals Scale Production

Analyst Ratings Changes

A number of brokerages have recently issued reports on LCID. Citigroup reduced their price objective on Lucid Group from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada restated a “sector perform” rating and issued a $7.00 price target (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. Morgan Stanley set a $5.00 price objective on Lucid Group in a report on Wednesday, May 6th. Finally, Evercore set a $6.00 price objective on Lucid Group in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $9.22.

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.