Lucid Group (NASDAQ:LCID) Shares Up 13.9% – Time to Buy?

Lucid Group, Inc. (NASDAQ:LCID) was up 13.9% during trading on Friday . The stock traded as high as $7.56 and last traded at $7.36. Approximately 48,033,154 shares were traded during mid-day trading, an increase of 239% from the average session volume of 14,158,351 shares. The stock had previously closed at $6.46.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: Lucid’s CEO pushed back hard on reports of bankruptcy or a take-private deal, easing some of the worst-case fears that had pressured the stock and triggering a strong rebound in trading. Lucid Stock, Down About 44% This Year, Skyrockets Over 28% After CEO Goes on the Offensive Against Bankruptcy Report
• Positive Sentiment: The stock has extended its recovery for multiple sessions, with traders viewing the denial and liquidity reassurance as a meaningful short-term catalyst after a steep selloff. Lucid Rallies 10% for a Third Straight Up Day, Leaving Tesla, Rivian Behind
• Neutral Sentiment: Multiple law firms have announced or reminded investors about a securities class action and a July 28 lead-plaintiff deadline, which adds headline risk but is not the main driver of the day’s trading move. LCID DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Lucid Group (LCID) Investors of Securities Class Action Lawsuit Deadline on July 28, 2026
• Neutral Sentiment: Additional class-action notices from Kaplan Fox, Rosen, Pomerantz, and others reinforce that Lucid remains under legal scrutiny over alleged investor harm during the Feb. 25-Apr. 13 class period. The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 28, 2026 in Lucid Group, Inc. Lawsuit – LCID

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LCID shares. Citigroup reaffirmed a “buy” rating and set a $14.00 target price (down from $17.00) on shares of Lucid Group in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a research note on Wednesday, June 24th. Evercore set a $6.00 price target on shares of Lucid Group in a research report on Monday, May 11th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a research note on Wednesday, May 6th. Finally, TD Cowen dropped their price objective on shares of Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $9.56.

Lucid Group Price Performance

The company has a debt-to-equity ratio of 3.00, a current ratio of 1.02 and a quick ratio of 0.48. The stock’s fifty day moving average is $5.77 and its 200-day moving average is $8.29. The stock has a market cap of $2.87 billion, a PE ratio of -0.56 and a beta of 0.83.

Institutional Trading of Lucid Group

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Lucid Group by 9.5% in the 1st quarter. Royal Bank of Canada now owns 110,716 shares of the company’s stock valued at $267,000 after buying an additional 9,578 shares during the period. AQR Capital Management LLC raised its position in shares of Lucid Group by 89.9% during the 1st quarter. AQR Capital Management LLC now owns 537,801 shares of the company’s stock valued at $1,226,000 after buying an additional 254,551 shares during the period. NewEdge Advisors LLC raised its position in shares of Lucid Group by 103.2% during the 1st quarter. NewEdge Advisors LLC now owns 37,987 shares of the company’s stock valued at $92,000 after buying an additional 19,294 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Lucid Group by 112.0% in the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after acquiring an additional 2,874,603 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Lucid Group by 11.3% in the first quarter. Empowered Funds LLC now owns 110,844 shares of the company’s stock valued at $268,000 after acquiring an additional 11,252 shares during the last quarter. Hedge funds and other 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.