Lucid Group (NASDAQ:LCID) Hits New 1-Year Low - Here's Why

Key Points

• Lucid Group shares hit a new 52-week low, trading as low as $3.85 before last changing hands at $2.98, reflecting heavy selling and elevated volatility.
• Legal overhang is growing as multiple law firms pushed securities fraud class action deadlines, including a July 28 lead-plaintiff deadline tied to allegations about supplier quality and disrupted Gravity deliveries.
• Analyst sentiment remains weak, with recent price-target cuts and a consensus rating of “Reduce,” though California’s new EV rebate program could offer some demand support for Lucid’s lower-priced models.

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $3.85 and last traded at $2.98, with a volume of 30608543 shares changing hands. The stock had previously closed at $5.51.

Trending Headlines about Lucid Group

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

• Positive Sentiment: California’s new EV rebate program could help Lucid by making eligible EVs more affordable for first-time buyers, potentially supporting demand for lower-priced models. California's new EV incentive gives a leg up to Lucid and Rivian
• Neutral Sentiment: Trading in LCID was temporarily halted twice under LULD pause rules, indicating elevated volatility rather than a company-specific announcement.
• Negative Sentiment: Multiple law firms issued reminders and deadline alerts tied to a securities fraud class action against Lucid, with investors facing a July 28 lead-plaintiff deadline. These notices increase legal overhang and can weigh on sentiment. Kaplan Fox Alerts Lucid Group, Inc. (LCID) Investors to Seek Leadership in a Securities Fraud Lawsuit by July 28, 2026
• Negative Sentiment: One of the allegations centers on alleged supplier quality misrepresentations that reportedly disrupted Lucid Gravity deliveries for 29 days, which could raise concerns about execution and future deliveries. LCID Shareholder Alert: Lucid Group, Inc. Securities Class Action Lawsuit - Investors Should Contact Levi & Korsinsky

Analysts Set New Price Targets

A number of research firms recently issued reports on LCID. TD Cowen lowered 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 report on Wednesday, May 6th. Weiss Ratings restated a "sell (e+)" rating on shares of Lucid Group in a research report on Wednesday, June 24th. Morgan Stanley set a $5.00 target price on shares of Lucid Group in a research note on Wednesday, May 6th. Cantor Fitzgerald reiterated a "neutral" rating and set a $14.00 price target on shares of Lucid Group in a report on Monday, May 4th. Finally, Robert W. Baird set a $6.00 price target on Lucid Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $9.56.

Lucid Group Stock Performance

The company has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $8.41. 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 company has a market capitalization of $1.13 billion, a P/E ratio of -0.23 and a beta of 0.83.

Institutional Investors Weigh In On Lucid Group

A number of institutional investors have recently added to or reduced their stakes in LCID. EverSource Wealth Advisors LLC increased its position in Lucid Group by 1,574.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company's stock valued at $28,000 after acquiring an additional 2,740 shares during the period. Brown Advisory Inc. grew its stake in shares of Lucid Group by 47.5% in the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company's stock worth $33,000 after purchasing an additional 5,000 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Lucid Group in the second quarter worth $41,000. Worldquant Millennium Advisors LLC bought a new stake in shares of Lucid Group in the second quarter worth $59,000. Finally, Leonteq Securities AG acquired a new stake in Lucid Group in the fourth quarter valued at $67,000. 75.17% of the stock is owned by institutional investors.

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.

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