Lucid Group (NASDAQ:LCID) Trading 2.8% Higher – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID) shares were up 2.8% during mid-day trading on Thursday . The stock traded as high as $5.60 and last traded at $5.09. 29,954,544 shares were traded during trading, an increase of 116% from the average daily volume of 13,860,581 shares. The stock had previously closed at $4.95.

Key Headlines Impacting Lucid Group

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on LCID shares. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a report on Wednesday, June 24th. Evercore set a $6.00 target price on Lucid Group in a research report on Monday, May 11th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $7.00 target price (down from $8.00) on shares of Lucid Group in a report on Monday, July 13th. Cantor Fitzgerald reissued a “neutral” rating on shares of Lucid Group in a research report on Monday, August 3rd. Finally, Citigroup decreased their price target on Lucid Group from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Lucid Group currently has a consensus rating of “Reduce” and a consensus target price of $9.22.

Lucid Group Stock Performance

The company has a debt-to-equity ratio of 3.00, a current ratio of 1.14 and a quick ratio of 0.57. The stock has a 50-day moving average price of $6.27 and a 200-day moving average price of $7.37. The firm has a market capitalization of $1.97 billion, a PE ratio of -0.37 and a beta of 0.83.

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

Institutional Investors Weigh In On Lucid Group

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

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.