Lucid Group, Inc. (NASDAQ:LCID) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analyst consensus: Ten brokerages give Lucid an average rating of "Reduce" (3 sell, 5 hold, 2 buy) with a mean 12‑month price target of about $13.14.
• Notable analyst divergence: Citigroup started coverage with a "buy" and $17 target, while Bank of America began with "underperform" and $10, and Cantor Fitzgerald cut its target to $14 from $21.
• Trading and balance‑sheet cues: Shares trade around $8.59 (near the 52‑week low) with a market cap of $2.81B, a negative P/E (-0.71) and a high debt‑to‑equity ratio (3.00), signaling ongoing financial strain despite ~75% institutional ownership.

Shares of Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) have earned an average rating of "Reduce" from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $13.1429.

A number of equities research analysts recently commented on LCID shares. Zacks Research upgraded Lucid Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 5th. Citigroup started coverage on Lucid Group in a research report on Wednesday, March 18th. They issued a "buy" rating and a $17.00 target price on the stock. Bank of America started coverage on Lucid Group in a research report on Wednesday, March 4th. They issued an "underperform" rating and a $10.00 target price on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lucid Group in a research report on Friday, March 27th. Finally, Cantor Fitzgerald dropped their target price on Lucid Group from $21.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th.

Institutional Investors Weigh In On Lucid Group

A number of large investors have recently bought and sold shares of LCID. Valeo Financial Advisors LLC lifted its holdings in Lucid Group by 9.7% in the second quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company's stock valued at $25,000 after acquiring an additional 1,055 shares during the period. Jain Global LLC lifted its holdings in Lucid Group by 13.3% in 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 period. The Manufacturers Life Insurance Company lifted its holdings in Lucid Group by 3.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 37,146 shares of the company's stock valued at $393,000 after acquiring an additional 1,336 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Lucid Group by 11.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,590 shares of the company's stock valued at $144,000 after acquiring an additional 1,430 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in Lucid Group by 9.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 17,970 shares of the company's stock valued at $190,000 after acquiring an additional 1,569 shares during the period. Hedge funds and other institutional investors own 75.17% of the company's stock.

Lucid Group Trading Up 0.1%

Lucid Group stock opened at $8.59 on Monday. The stock has a 50-day moving average price of $9.96 and a 200 day moving average price of $13.25. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -0.71 and a beta of 1.16. Lucid Group has a 52 week low of $8.56 and a 52 week high of $33.70. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00.

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.

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