Lucid Group (NASDAQ:LCID) Stock Price Up 9.5% – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price traded up 9.5% on Monday . The company traded as high as $6.78 and last traded at $6.66. 14,200,212 shares changed hands during trading, an increase of 15% from the average daily volume of 12,373,248 shares. The stock had previously closed at $6.08.

Lucid Group News Roundup

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

• Positive Sentiment: Lucid reported stronger year-over-year production and delivery results for Q2, which is helping reassure investors that the company is making progress on execution. Lucid Stock Surges on Strong EV Delivery and Production Results
• Positive Sentiment: Lucid is also benefiting from a broad rebound in electric-vehicle stocks, with Tesla and peers rallying and lifting sentiment across the group. Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally
• Positive Sentiment: California’s new first-time EV buyer incentives could support demand for Lucid vehicles, adding a potential tailwind for sales. California vs. Elon Musk: Tesla Snubbed as New EV Incentives Boost Rivian, Lucid
• Neutral Sentiment: Analysts and commentators remain focused on Lucid’s long-term execution and profitability challenges, so the stock may still be volatile despite the recent operational improvement. Where Will Lucid Stock Be in 3 Years?
• Negative Sentiment: Multiple law firms are promoting class-action lawsuits tied to alleged securities fraud, keeping legal risk in focus for LCID investors ahead of the July 28 lead-plaintiff deadline. Deadline Alert: Lucid Group, Inc. (LCID) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
• Negative Sentiment: Those lawsuits center on claims that Lucid’s delivery outlook and actual results diverged significantly, reinforcing concerns about management credibility and execution. Levi & Korsinsky Reminds Lucid Group, Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of July 28, 2026 – LCID

Wall Street Analyst Weigh In

A number of research firms have recently commented on LCID. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. Citigroup restated a “buy” rating and set a $14.00 price target (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Morgan Stanley set a $5.00 price objective on Lucid Group in a report on Wednesday, May 6th. Royal Bank Of Canada decreased their target price on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $14.00 target price on shares of Lucid Group in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Lucid Group has a consensus rating of “Reduce” and an average target price of $9.67.

Lucid Group Trading Up 9.5%

The firm has a fifty day moving average of $5.82 and a 200-day moving average of $8.66. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -0.50 and a beta of 0.83.

Hedge Funds Weigh In On Lucid Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL acquired a new position in Lucid Group in the 3rd quarter worth $1,361,978,000. SG Americas Securities LLC lifted its stake in shares of Lucid Group by 65.9% in the fourth quarter. SG Americas Securities LLC now owns 181,153 shares of the company’s stock worth $1,915,000 after acquiring an additional 71,966 shares in 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 valued at $127,488,000 after purchasing an additional 701,826 shares during the last quarter. Virtu Financial LLC acquired a new stake in Lucid Group during the 4th quarter valued at approximately $1,355,000. Finally, Calamos Advisors LLC purchased a new stake in Lucid Group during the 4th quarter worth approximately $1,586,000. 75.17% of the stock is owned by institutional investors and hedge funds.

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.