Lucid Group (NASDAQ:LCID) Stock Price Up 10% – Here’s What Happened

Lucid Group, Inc. (NASDAQ:LCID) rose 10% during mid-day trading on Monday . The company traded as high as $6.68 and last traded at $6.51. 25,646,283 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 12,269,422 shares. The stock had previously closed at $5.92.

More Lucid Group News

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

• Positive Sentiment: Lucid is rallying alongside other electric vehicle names as a tech-led market rebound lifts high-beta stocks, with Tesla and Rivian also moving sharply higher. Tesla Jumps 8%, Rivian and Lucid Rise 7% as EV Stocks Ride a Tech Rebound
• Neutral Sentiment: Several law firms issued reminders that investors who bought Lucid shares between February 25, 2026 and April 13, 2026 face a July 28, 2026 deadline to seek lead-plaintiff status in an ongoing securities class action. LUCID GROUP DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Lucid Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – LCID
• Neutral Sentiment: Additional firms, including Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, Levi & Korsinsky, and Schall, reiterated the same lawsuit deadline, keeping legal headlines in focus but adding little new information for the stock. LCID UPCOMING DEADLINE: Levi & Korsinsky Alerts Lucid Group, Inc. Stockholders of Securities Class Action – Contact the Firm
• Neutral Sentiment: Analyst commentary remains cautious, but some forecasts still imply upside over the next 12 months, which may help support investor sentiment. Wall Street analysts set Lucid stock price target for the next 12 months
• Negative Sentiment: The class-action filings and repeated fraud allegations keep legal risk and uncertainty elevated for Lucid, which could weigh on valuation if investors focus on fundamentals rather than the sector rebound. Bronstein, Gewirtz & Grossman LLC Urges Lucid Group, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

Wall Street Analyst Weigh In

Several research analysts have recently commented on LCID shares. Zacks Research upgraded shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on shares of Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Cantor Fitzgerald reissued a “neutral” rating and set a $14.00 target price on shares of Lucid Group in a research report on Monday, May 4th. Finally, Evercore set a $6.00 target price on Lucid Group in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lucid Group presently has an average rating of “Reduce” and an average target price of $9.67.

Lucid Group Stock Up 10.0%

The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 3.00. The business has a 50-day simple moving average of $5.90 and a 200-day simple moving average of $8.87. The stock has a market cap of $2.54 billion, a P/E ratio of -0.49 and a beta of 0.89.

Lucid Group (NASDAQ:LCID) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.29). Lucid Group had a negative net margin of 248.09% and a negative return on equity of 304.01%. The firm had revenue of $282.46 million during the quarter, compared to the consensus estimate of $358.46 million. During the same period in the prior year, the business earned ($0.20) EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. Analysts expect that Lucid Group, Inc. will post -10.75 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LCID. Verus Capital Partners LLC acquired a new position in Lucid Group during the 1st quarter worth $108,000. Essential Partners LLC bought a new stake in Lucid Group during the first quarter valued at about $126,000. J. Derek Lewis & Associates Inc. grew its position in shares of Lucid Group by 32.8% in the first quarter. J. Derek Lewis & Associates Inc. now owns 19,820 shares of the company’s stock valued at $189,000 after purchasing an additional 4,896 shares during the last quarter. Bank of America Corp DE grew its position in shares of Lucid Group by 10.9% in the first quarter. Bank of America Corp DE now owns 1,919,073 shares of the company’s stock valued at $18,289,000 after purchasing an additional 189,134 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Lucid Group in the first quarter worth about $976,000. Institutional investors own 75.17% of the company’s stock.

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.