Lucid Group (NASDAQ:LCID) Trading Up 3.5% – Still a Buy?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price traded up 3.5% during trading on Thursday . The stock traded as high as $10.40 and last traded at $10.30. 4,289,709 shares traded hands during trading, a decline of 42% from the average session volume of 7,386,672 shares. The stock had previously closed at $9.95.

Key Lucid Group News

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

• Positive Sentiment: Citigroup initiated coverage with a “buy” rating and a $17 price target (about ~65% upside versus the recent price), giving an immediate analyst-driven lift to the stock. Citigroup Initiates Coverage
• Positive Sentiment: Company roadmap news highlights a new midsize EV platform to underpin three vehicles (Lucid Cosmos, Lucid Earth and a Lunar robotaxi concept) with management targeting a sub-$50,000 entry price for the platform — a potential boost to addressable market and volume if execution follows. Product Roadmap & Pricing Target
• Neutral Sentiment: Sector-level news: Rivian’s large Uber robotaxi deal is drawing capital and attention into EV/autonomy plays — this can reallocate investor flows within the EV group (mixed implications for LCID). Rivian-Uber Deal
• Neutral Sentiment: A number of commentary pieces and analysis (including a long-form view noting turnaround potential) highlight that Lucid remains a high-risk, high-reward name — useful for longer-term investors but only incremental near-term impact. Long-term Outlook Discussion
• Neutral Sentiment: An article announcing a former Pfizer R&D leader as board chair appears to reference a different company named “Lucid Group” (healthcare communications) and not Lucid Motors (LCID); investors should treat that item as likely unrelated to LCID. Potentially Unrelated Board Appointment
• Negative Sentiment: Brokerage consensus remains weak: an aggregate brokerage score published shows an average recommendation of “Reduce,” which weighs on sentiment and can pressure the shares. Brokerage Consensus: Reduce
• Negative Sentiment: Near-term trading weakness: multiple market write-ups report a recent daily decline (~-3.6% to ~$9.95 on the last close), reflecting short-term selling pressure and volatility. Recent Daily Decline

Analysts Set New Price Targets

Several brokerages have issued reports on LCID. Robert W. Baird set a $14.00 price objective on shares of Lucid Group in a research note on Tuesday, January 6th. Morgan Stanley downgraded Lucid Group from a “buy” rating to an “underweight” rating and reduced their price target for the stock from $30.00 to $10.00 in a report on Monday, December 8th. Cantor Fitzgerald decreased their price target on Lucid Group from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Lucid Group in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $13.14.

Lucid Group Price Performance

The firm has a market capitalization of $3.38 billion, a P/E ratio of -0.85 and a beta of 1.12. The stock’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $14.54. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LCID. Valeo Financial Advisors LLC raised its position in Lucid Group by 9.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company’s stock valued at $25,000 after purchasing an additional 1,055 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Lucid Group during the 2nd quarter worth $30,000. Brown Advisory Inc. increased its stake in shares of 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. Heritage Wealth Advisors increased its stake in shares of Lucid Group by 43.5% during the second quarter. Heritage Wealth Advisors now owns 16,500 shares of the company’s stock valued at $35,000 after buying an additional 5,000 shares during the period. Finally, Silverlake Wealth Management LLC bought a new stake in shares of Lucid Group in the second quarter valued at about $39,000. 75.17% of the stock is currently owned by hedge funds and other 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.