Lucid Group (NASDAQ:LCID) Shares Gap Down Following Analyst Downgrade

Shares of Lucid Group, Inc. (NASDAQ:LCID) gapped down prior to trading on Monday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $7.36, but opened at $7.07. Lucid Group shares last traded at $7.5660, with a volume of 4,579,747 shares trading hands.

LCID has been the subject of a number of other research reports. Benchmark downgraded Lucid Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Robert W. Baird set a $6.00 price target on shares of Lucid Group in a research report on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $7.00 price objective (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. Citigroup reaffirmed a “buy” rating and issued a $14.00 price objective (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Finally, Evercore set a $6.00 price objective on shares of Lucid Group in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $9.56.

Key Lucid Group News

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

• Negative Sentiment: Pomerantz LLP announced a class action against Lucid Group and certain officers, adding legal uncertainty and potential costs for the company. Pomerantz Law Firm Announces the Filing of a Class Action Against Lucid Group, Inc. and Certain Officers – LCID
• Negative Sentiment: Several firms, including Rosen, Kaplan Fox, Faruqi & Faruqi, Levi & Korsinsky, Schall, and Glancy Prongay, are urging investors to join or lead the lawsuit, keeping the litigation story in the spotlight and reinforcing downside sentiment. LCID Investors Have Opportunity to Lead Lucid Group, Inc. Securities Fraud Lawsuit with the Schall Law Firm
• Negative Sentiment: Yahoo Finance highlighted reasons to avoid LCID, citing a steep decline this year and softer quarterly results, which may reinforce investor caution. 3 Reasons to Avoid LCID and 1 Stock to Buy Instead
• Neutral Sentiment: Other recent articles were largely deadline reminders about the same class action, with little new business information beyond the legal process. LUCID UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds Lucid Group (LCID) Investors of Securities Class Action Lawsuit Deadline on July 28, 2026

Institutional Investors Weigh In On Lucid Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Lucid Group by 1,574.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock valued at $28,000 after purchasing an additional 2,740 shares during the period. Brown Advisory Inc. grew its position in Lucid Group by 47.5% during the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock valued at $33,000 after buying an additional 5,000 shares during the period. Jump Financial LLC acquired a new stake in Lucid Group during the second quarter valued at $41,000. Worldquant Millennium Advisors LLC purchased a new position in Lucid Group in the second quarter valued at $59,000. Finally, Leonteq Securities AG purchased a new position in Lucid Group in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 75.17% of the company’s stock.

Lucid Group Stock Performance

The business’s 50-day simple moving average is $5.84 and its two-hundred day simple moving average is $8.21. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -0.55 and a beta of 0.83. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00.

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.