Lucid Group (NASDAQ:LCID) Shares Down 2.3% – What’s Next?

Lucid Group, Inc. (NASDAQ:LCID)’s stock price dropped 2.3% on Friday . The stock traded as low as $9.98 and last traded at $10.06. Approximately 5,790,854 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 7,362,484 shares. The stock had previously closed at $10.30.

Lucid Group News Summary

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

• Positive Sentiment: Large institutional stake — Tudor disclosed a roughly $1.36 billion position in Lucid, signaling heavyweight investor confidence that can attract additional flows and support the share price. Lucid (LCID) Stock Gains Momentum After Tudor’s Massive $1.36B Stake Revealed
• Positive Sentiment: Wall Street upgrade — Citigroup initiated coverage with a Buy and a ~$17 price target, a bullish signal that prompted fresh buying and optimism about near- to mid-term upside. This has been cited in multiple reports as a catalyst for recent share strength. Citigroup initiates coverage of Lucid Group (LCID) with buy recommendation
• Positive Sentiment: Longer-term profitability roadmap — Management reiterated ambitions to reach positive cash flow late in the decade through lower‑priced models and autonomous offerings; this improves the long-term narrative but is a multi-year story. Lucid Expects Positive Cash Flow late in the Decade with Affordable Model, Autonomous Offerings
• Neutral Sentiment: Sector developments — Rivian’s big robotaxi tie-up with Uber highlights rapid autonomous/robotaxi investment across EV makers; this is contextually relevant for Lucid’s autonomous ambitions but represents competitive and industry-wide dynamics rather than company-specific news. Rivian Stock Jumps After Uber-Robotaxi Deal
• Negative Sentiment: Brokerage consensus remains cautious — Aggregate brokerage ratings show an average “Reduce” recommendation, reflecting continued analyst skepticism about near-term profitability and execution risk. That consensus can weigh on momentum despite isolated buy ratings. Lucid Group, Inc. (NASDAQ:LCID) Given Average Recommendation of “Reduce” by Brokerages
• Negative Sentiment: Near-term price declines reported — Recent coverage flagged LCID declines greater than the market, reflecting short-term selling pressure and volatility that can offset positive headlines. Lucid Group (LCID) Declines More Than Market: Some Information for Investors

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird set a $14.00 target price on Lucid Group in a research note on Tuesday, January 6th. Zacks Research raised shares of Lucid Group from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Bank of America started coverage on shares of Lucid Group in a research report on Wednesday, March 4th. They set an “underperform” rating and a $10.00 price objective for the company. Morgan Stanley downgraded shares of Lucid Group from a “buy” rating to an “underweight” rating and dropped their price objective for the company from $30.00 to $10.00 in a research note on Monday, December 8th. Finally, Benchmark restated a “buy” rating on shares of Lucid Group in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $13.14.

Lucid Group Stock Down 2.3%

The stock has a 50 day moving average price of $10.34 and a 200 day moving average price of $14.37. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -0.83 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00.

Institutional Investors Weigh In On Lucid Group

Hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its holdings in Lucid Group by 9.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company’s stock worth $25,000 after acquiring an additional 1,055 shares during the last quarter. Jain Global LLC raised its stake in shares of Lucid Group by 13.3% during the fourth quarter. Jain Global LLC now owns 10,220 shares of the company’s stock valued at $108,000 after acquiring an additional 1,200 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Lucid Group by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company’s stock worth $393,000 after purchasing an additional 1,336 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Lucid Group by 11.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company’s stock worth $144,000 after purchasing an additional 1,430 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of Lucid Group by 9.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company’s stock worth $190,000 after purchasing an additional 1,569 shares during the last quarter. 75.17% of the stock is currently owned by institutional investors and hedge funds.

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.