Lucid Group (NASDAQ:LCID) Rating Lowered to “Strong Sell” at Zacks Research

Lucid Group (NASDAQ:LCID) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on LCID. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research note on Wednesday, June 24th. Evercore set a $6.00 price objective on shares of Lucid Group in a research report on Monday, May 11th. Benchmark downgraded shares of Lucid Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $6.00 target price on shares of Lucid Group in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $7.00 target price (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. One equities 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 data from MarketBeat, Lucid Group currently has an average rating of “Reduce” and an average price target of $9.56.

Lucid Group Trading Up 3.0%

Lucid Group stock opened at $7.32 on Monday. The stock has a 50-day moving average price of $5.84 and a 200 day moving average price of $8.21. Lucid Group has a 52 week low of $2.37 and a 52 week high of $33.10. The stock has a market cap of $2.86 billion, a PE ratio of -0.55 and a beta of 0.83. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 3.00.

Institutional Trading of Lucid Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LCID. EverSource Wealth Advisors LLC increased its stake in shares of Lucid Group by 1,574.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company’s stock valued at $28,000 after acquiring an additional 2,740 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Lucid Group in the fourth quarter worth approximately $67,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Lucid Group in the fourth quarter worth approximately $77,000. Eurizon Capital SGR S.p.A. purchased a new stake in Lucid Group in the fourth quarter valued at approximately $86,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in Lucid Group in the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 75.17% of the company’s stock.

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

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.