Lucid Group (NASDAQ:LCID) Sees Strong Trading Volume – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID) shares saw unusually-high trading volume on Thursday . Approximately 10,670,730 shares changed hands during mid-day trading, an increase of 12% from the previous session’s volume of 9,526,470 shares.The stock last traded at $6.5250 and had previously closed at $6.91.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Uber disclosed an 11.5% ownership stake in Lucid, increased its robotaxi order to 35,000 units and announced an expanded autonomy partnership — a potential multi-year revenue and demand pipeline that supports long-term commercial volume if execution follows through. Lucid Sees Uber Raise Stake, Expands Robotaxi Commitment
• Positive Sentiment: Unusually large retail/desk purchases of Lucid call options were reported — a short-term bullish signal that can amplify upside moves if positive headlines continue or execution surprises to the upside. Stock Traders Buy Large Volume of Lucid Group Call Options (NASDAQ:LCID)
• Neutral Sentiment: Speculation has surfaced that Saudi Arabia’s Public Investment Fund (PIF) — already Lucid’s largest shareholder, lender and key customer — could pursue a take-private deal. That would resolve some balance-sheet questions but also creates uncertainty around governance, timing and any potential buyout premium. Lucid Group Faces PIF Take Private Speculation And Valuation Questions
• Neutral Sentiment: Lucid completed a roughly $1.05 billion capital raise last week, which eases immediate liquidity worries but investors remain focused on ongoing cash burn and whether production/demand ramp justifies current capital needs. That partial relief is being weighed against long-term demand and margin concerns. Lucid Delivers Good News — Here’s Why the Stock Declined 20% Anyway
• Negative Sentiment: Multiple shareholder law firms (Schall, Pomerantz) have opened fraud investigations into Lucid over alleged misleading statements — an overhang that increases legal risk, potential liability and investor uncertainty. LCID Investors Have Opportunity to Join Lucid Group, Inc. Fraud Investigation with the Schall Law Firm
• Negative Sentiment: Commentary and analyst pieces are asking if a PIF buyout is the only exit for Lucid, framing the company as a struggling EV maker — negative narrative pressure that can deter buyers and sustain lower valuations until clearer operational progress appears. Lucid Tanks 10%: Is a Saudi PIF Buyout the Only Way Out for This Struggling EV Maker?

Analyst Ratings Changes

LCID has been the subject of a number of analyst reports. Robert W. Baird cut their price target on Lucid Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Citigroup initiated coverage on Lucid Group in a research note on Wednesday, March 18th. They set a “buy” rating and a $17.00 price target for the company. TD Cowen reiterated a “hold” rating and set a $10.00 price target (down from $19.00) on shares of Lucid Group in a research note on Wednesday, April 15th. Bank of America initiated coverage on Lucid Group in a research note on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lucid Group has a consensus rating of “Reduce” and a consensus target price of $12.25.

Lucid Group Stock Performance

The company’s 50-day simple moving average is $9.53 and its 200 day simple moving average is $12.42. The company has a current ratio of 1.25, a quick ratio of 0.83 and a debt-to-equity ratio of 3.00. The stock has a market cap of $2.05 billion, a P/E ratio of -0.52 and a beta of 1.16.

Hedge Funds Weigh In On Lucid Group

Several hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA raised its holdings in shares of Lucid Group by 25.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 22,325 shares of the company’s stock worth $213,000 after purchasing an additional 4,485 shares during the period. J. Derek Lewis & Associates Inc. bought a new stake in shares of Lucid Group in the 4th quarter worth approximately $158,000. Corient Private Wealth LLC bought a new stake in shares of Lucid Group in the 4th quarter worth approximately $118,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lucid Group in the 4th quarter worth approximately $77,000. Finally, Alpine Global Management LLC raised its holdings in shares of Lucid Group by 561.7% in the 4th quarter. Alpine Global Management LLC now owns 16,160 shares of the company’s stock worth $171,000 after purchasing an additional 19,660 shares during the period. 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.