Lucid Group (NASDAQ:LCID) Trading 2.8% Higher – What’s Next?

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

More Lucid Group News

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

• Positive Sentiment: Lucid shares moved higher alongside other beaten-down electric-vehicle stocks as investors considered whether the sector’s prolonged selloff may be losing momentum. The broader move was modest, suggesting the rebound is being driven more by positioning and sentiment than by a major fundamental change. Lucid Jumps 7%, Rivian Edges Higher: Is the EV Selloff Finally Exhausted?
• Positive Sentiment: Unusually active options trading provided a bullish technical signal: traders bought 92,106 call options, 84% above typical daily volume. However, call activity reflects positioning and does not guarantee sustained buying in the shares.
• Positive Sentiment: The launch of the Gravity GT-S, which Lucid describes as America’s most powerful three-row crossover, could broaden its product lineup and improve its ability to compete in the premium SUV market. Investors are focused on whether the model can generate meaningful deliveries and revenue. Lucid Unleashes America’s Most Powerful 3-Row Crossover
• Neutral Sentiment: Coverage is increasingly framing Lucid as a high-risk turnaround opportunity. The company’s Gravity strategy, partnerships, and new leadership could support long-term growth, but execution, funding, and demand remain key uncertainties. Is Its Gravity Strategy Taking Shape?
• Negative Sentiment: Investors initially sold the stock despite the vehicle reveal, indicating skepticism that the Gravity GT-S and management’s broad promises will quickly resolve Lucid’s weak scale, losses, and funding pressures. The new CEO’s proposed fixes and partnerships have not yet demonstrated results. Lucid’s Stock Collapses—Again
• Negative Sentiment: Lucid remains a financially strained EV manufacturer competing against better-capitalized rivals. Recent coverage questions whether it can survive long enough to achieve scale, while the stock’s prior rally and subsequent reversal underscore elevated volatility. Lucid Sinks Despite Major Vehicle Reveal

Analysts Set New Price Targets

LCID has been the topic of several research reports. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. TD Cowen dropped their price objective on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Citigroup cut their target price on shares of Lucid Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Evercore set a $6.00 target price on shares of Lucid Group in a report on Monday, May 11th. Finally, William Blair cut shares of Lucid Group to a “market perform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $9.22.

Lucid Group Price Performance

The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -0.37 and a beta of 0.83. The company has a fifty day simple moving average of $6.28 and a 200 day simple moving average of $7.43. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.57 and a current ratio of 1.14.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($2.78) EPS for the quarter, missing analysts’ consensus estimates of ($2.36) by ($0.42). The company had revenue of $405.35 million during the quarter, compared to the consensus estimate of $381.59 million. Lucid Group had a negative net margin of 249.21% and a negative return on equity of 1,391.51%. The company’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS. Equities research analysts forecast that Lucid Group, Inc. will post -12.15 EPS for the current fiscal year.

Institutional Trading of Lucid Group

Several institutional investors have recently added to or reduced their stakes in the stock. Uber Technologies Inc bought a new position in Lucid Group during the 3rd quarter worth approximately $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 valued at $25,973,000 after purchasing an additional 3,465,542 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Lucid Group by 6.2% in the 4th 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. Goldman Sachs Group Inc. increased its position in shares of Lucid Group by 112.0% during the first 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 period. Finally, BNP Paribas Financial Markets increased its position in shares of Lucid Group by 93.5% during the second quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after buying an additional 2,167,882 shares during the period. 75.17% of the stock is currently owned by institutional investors.

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.