Lucid Group (NASDAQ:LCID) Stock Price Up 3.3% – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID) was up 3.3% during trading on Tuesday . The company traded as high as $5.40 and last traded at $5.26. 9,050,127 shares traded hands during trading, a decline of 34% from the average daily volume of 13,746,278 shares. The stock had previously closed at $5.09.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Lucid unveiled the Gravity GT-S, positioning it as America’s most powerful three-row crossover. The vehicle could expand Lucid’s addressable market beyond luxury sedans and provide a potential growth catalyst if customer demand and deliveries develop as planned. Lucid Sinks 6% Despite Major Vehicle Reveal
• Positive Sentiment: New CEO plans reportedly include broad operational fixes, partnerships and an effort to reshape Lucid’s strategy. Investors may view successful implementation as a path toward improved scale, costs and competitiveness. Lucid’s Stock Collapses—Again
• Positive Sentiment: Unusually heavy call-option activity—92,106 contracts, versus average volume of 50,121—indicates increased speculative interest and that some traders are positioning for a rebound. Options activity, however, is not confirmation of improving fundamentals.
• Neutral Sentiment: Articles continue to frame Lucid’s Gravity strategy and European expansion as possible turnaround opportunities, but the strategy remains dependent on production, demand, pricing and cash execution. Is Its Gravity Strategy Taking Shape?
• Negative Sentiment: Investors reacted negatively to the new CEO’s ambitious promises, questioning whether Lucid can survive and compete against better-capitalized electric-vehicle rivals. The stock’s decline despite the vehicle reveal suggests skepticism about near-term execution. Lucid’s Stock Collapses—Again
• Negative Sentiment: Potential U.S. tariff action is overshadowing Lucid’s European expansion plans and raising concerns about manufacturing costs, supply chains and international growth. Lucid Stock Plunges: New Tariff Threat
• Negative Sentiment: Lucid remains deeply unprofitable, recently missing quarterly EPS expectations despite revenue growth. Its negative margins, substantial leverage and continued cash requirements amplify the risk that the turnaround will require additional financing or dilution.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Lucid Group in a research report on Wednesday, June 24th. Robert W. Baird set a $6.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Cantor Fitzgerald restated a “neutral” rating on shares of Lucid Group in a research note on Monday, August 3rd. Finally, Evercore set a $6.00 price target on Lucid Group in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lucid Group presently has a consensus rating of “Reduce” and an average target price of $9.22.

Lucid Group Trading Up 4.3%

The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -0.38 and a beta of 0.83. The company’s 50-day moving average price is $6.28 and its 200-day moving average price is $7.43. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 3.00.

Lucid Group (NASDAQ:LCID) last issued its quarterly earnings results 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). Lucid Group had a negative net margin of 249.21% and a negative return on equity of 1,391.51%. The company had revenue of $405.35 million during the quarter, compared to analysts’ expectations of $381.59 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. Equities analysts expect that Lucid Group, Inc. will post -12.15 EPS for the current fiscal year.

Institutional Trading of Lucid Group

Several large investors have recently made changes to their positions in LCID. Uber Technologies Inc acquired a new stake in Lucid Group during the 3rd quarter worth $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lucid Group by 39.2% in 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 during the last quarter. Vanguard Group Inc. lifted its stake in shares of Lucid Group by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock worth $127,488,000 after buying an additional 701,826 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Lucid Group by 112.0% in 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in 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 acquiring an additional 2,167,882 shares during the last quarter. 75.17% of the stock is currently owned by hedge funds and other institutional investors.

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.