Lucid Group (NASDAQ:LCID) Shares Down 1.9% – Should You Sell?

Lucid Group, Inc. (NASDAQ:LCID) was down 1.9% on Wednesday . The stock traded as low as $5.62 and last traded at $5.76. Approximately 16,460,627 shares were traded during trading, an increase of 59% from the average daily volume of 10,365,354 shares. The stock had previously closed at $5.87.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Lucid confirmed a strategic role in Uber’s upcoming robotaxi program: Hertz’s Oro Mobility will operate an Uber fleet powered by Lucid vehicles and technology, with a planned Bay Area launch by the end of 2026 — a direct new revenue and scale pathway beyond retail EV sales. Article Title
• Neutral Sentiment: Operational partners clarified roles: Hertz will handle cleaning, charging and maintenance for the Lucid-powered robotaxis — important for execution but not a near-term revenue guarantee for Lucid itself. Article Title
• Neutral Sentiment: Market action has shown short-term volatility: Lucid shares recently bounced after a multi-session decline, reflecting a mix of bargain-hunting and technical relief rather than new fundamental proof points. Article Title
• Neutral Sentiment: Relative performance remains weak vs. EV peers: April’s sector scoreboard showed Rivian and Tesla outperformed, underscoring that Lucid still lags broader EV momentum and remains sensitive to sector sentiment. Article Title
• Negative Sentiment: An investor class-action investigation has been announced (Pomerantz LLP), creating a legal overhang that could pressure sentiment and add disclosure/cost risk if claims progress. Article Title

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LCID shares. Citigroup started coverage on Lucid Group in a research note on Wednesday, March 18th. They set a “buy” rating and a $17.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Bank of America started coverage on Lucid Group in a research note on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price objective on the stock. Benchmark reissued a “buy” rating on shares of Lucid Group in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $12.25.

Lucid Group Stock Up 2.7%

The company has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $11.81. The firm has a market cap of $2.14 billion, a PE ratio of -0.54 and a beta of 0.88. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.25 and a quick ratio of 0.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL bought a new stake in shares of Lucid Group during the third quarter worth $1,361,978,000. Uber Technologies Inc bought a new position in shares of Lucid Group in the third quarter worth about $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $25,973,000 after purchasing an additional 3,465,542 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 2,874,603 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Lucid Group by 93.5% in the second quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after purchasing an additional 2,167,882 shares during the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.

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.