Lucid Group (NASDAQ:LCID) Shares Up 4.3% – Still a Buy?

Shares of Lucid Group, Inc. (NASDAQ:LCID) rose 4.3% during trading on Monday . The stock traded as high as $7.91 and last traded at $7.70. Approximately 9,733,985 shares were traded during trading, a decline of 32% from the average session volume of 14,238,732 shares. The stock had previously closed at $7.38.

Lucid Group News Roundup

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

• Positive Sentiment: Second-quarter revenue rose 56.2% year over year to approximately $405.3 million, supported by higher deliveries of the Gravity SUV. Lucid delivered 3,953 vehicles, up 19% from a year earlier. Lucid Sales Top Estimates. The Stock Is Down.
• Positive Sentiment: New CEO Silvio Napoli launched an operational reset targeting $1.4 billion in 2026 cash-flow improvements through operating-expense, capital-spending and inventory reductions. Management also said total liquidity of about $3 billion provides a runway well into 2027. Lucid Announces Operational Reset and Second Quarter 2026 Results
• Neutral Sentiment: Lucid identified robotaxis, its Saudi Arabian manufacturing facility and the midsize-vehicle program as strategic priorities. Robotaxi testing with Uber and Nuro has begun, while the Saudi facility is moving into industrialization; however, these initiatives remain execution-dependent. Lucid’s turnaround plan hinges on $1.4B in cash savings, robotaxis
• Negative Sentiment: The quarter showed severe financial strain: a roughly $300 million inventory charge contributed to a $3.30-per-share loss, while gross loss reached $426.7 million, operating loss $1.08 billion and net loss attributable to common shareholders $1.26 billion. Operating cash outflow was approximately $1.22 billion. Lucid Group Stock Falls on Q2 2026 Earnings
• Negative Sentiment: Lucid postponed the launch of its sub-$50,000 Cosmos crossover by nearly a year, to the second half of 2027, to address quality and production-process problems. The delay pushes back a key opportunity to expand beyond the luxury-EV market and increases investor concern about execution. Lucid Motors just delayed its affordable EV

Analyst Ratings Changes

A number of research analysts have commented on LCID shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Lucid Group in a report on Monday. Evercore set a $6.00 price objective on shares of Lucid Group in a report on Monday, May 11th. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a report on Wednesday, May 6th. Benchmark lowered shares of Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, TD Cowen decreased their target price on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $9.56.

Lucid Group Stock Down 13.9%

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 company has a market cap of $2.61 billion, a P/E ratio of -0.51 and a beta of 0.83. The stock has a 50 day moving average price of $6.11 and a 200 day moving average price of $7.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Uber Technologies Inc acquired a new stake in shares of Lucid Group during the third quarter valued at approximately $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Lucid Group by 39.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after purchasing an additional 3,465,542 shares during the period. Goldman Sachs Group Inc. boosted its stake in Lucid Group by 112.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after purchasing an additional 2,874,603 shares during the period. BNP Paribas Financial Markets grew its position in Lucid Group by 93.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after purchasing an additional 2,167,882 shares in the last quarter. Finally, HRT Financial LP grew its position in Lucid Group by 148.1% during the 2nd quarter. HRT Financial LP now owns 3,465,146 shares of the company’s stock worth $7,311,000 after purchasing an additional 2,068,440 shares in the last quarter. 75.17% of the stock is currently 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.