Lucid Group (NASDAQ:LCID) Rating Lowered to Hold at Benchmark

Lucid Group (NASDAQ:LCID - Get Free Report) was downgraded by Benchmark from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

LCID has been the subject of several other reports. Robert W. Baird lowered their price objective on Lucid Group from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, April 15th. Cantor Fitzgerald reissued a "neutral" rating and set a $14.00 price objective on shares of Lucid Group in a report on Monday. TD Cowen reissued a "hold" rating and set a $10.00 price objective (down from $19.00) on shares of Lucid Group in a report on Wednesday, April 15th. Zacks Research raised Lucid Group from a "strong sell" rating to a "hold" rating in a report on Thursday, March 5th. Finally, Bank of America assumed coverage on Lucid Group in a report on Wednesday, March 4th. They set an "underperform" rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $12.25.

Lucid Group Stock Performance

Shares of Lucid Group stock opened at $6.25 on Wednesday. The company has a market cap of $2.05 billion, a PE ratio of -0.52 and a beta of 0.88. Lucid Group has a 52 week low of $5.62 and a 52 week high of $33.70. The business has a 50 day moving average price of $8.99 and a 200-day moving average price of $11.56. 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 (NASDAQ:LCID - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($2.53) by ($0.29). The company had revenue of $282.47 million during the quarter, compared to analysts' expectations of $358.46 million. Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the company earned ($0.20) earnings per share. Equities analysts anticipate that Lucid Group will post -9.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lucid Group

Large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new position in shares of Lucid Group in the third quarter worth $1,361,978,000. Y Intercept Hong Kong Ltd bought a new position in shares of Lucid Group in the third quarter worth $2,248,000. SG Americas Securities LLC boosted its holdings in shares of Lucid Group by 65.9% in the fourth quarter. SG Americas Securities LLC now owns 181,153 shares of the company's stock worth $1,915,000 after acquiring an additional 71,966 shares during the period. Calamos Advisors LLC bought a new position in shares of Lucid Group in the fourth quarter worth $1,586,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Lucid Group by 67.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,519 shares of the company's stock worth $777,000 after acquiring an additional 29,536 shares during the period. 75.17% of the stock is owned by institutional investors.

Lucid Group News Summary

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

• Positive Sentiment: Large capital raise improves near-term liquidity: Lucid announced ~ $1.05 billion of new capital including $550M in convertible preferred from a PIF affiliate, $300M from a registered offering and $200M from Uber (raising Uber’s total stake to $500M), which reduces near‑term financing risk. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Production and deliveries are increasing: Lucid produced ~5,500 vehicles in Q1 (up 149% YoY) and delivered 3,093, showing operational scale-up progress that supports future revenue upside if demand holds. Lucid Announces First Quarter 2026 Financial Results
• Positive Sentiment: Analyst upside and some bullish coverage: Several analysts maintain price targets well above the current level (Street average implies material upside), which can support speculative buying and longer-term investor interest. Wall Street Sees 104% Upside for Lucid
• Neutral Sentiment: Earnings call / disclosures provide forward guidance context: Management’s Q1 call included forward‑looking statements and use of non‑GAAP metrics; investors should review the transcript/slides for details behind cost‑cutting and the incoming CEO’s review. Lucid (LCID) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Big earnings and revenue miss: Lucid reported a substantially wider Q1 loss (nearly $1B) and revenue far below estimates, triggering the initial selloff as profitability and top-line momentum disappointed. Lucid Stock Drops After Earnings Miss. What's Going On at the EV Maker.
• Negative Sentiment: Supplier disruption trimmed Gravity SUV deliveries, worsening the revenue miss: A supplier issue in February reduced vehicle deliveries and was a major driver of the quarterly shortfall. Lucid misses quarterly revenue estimates as supplier issue hits Gravity SUV deliveries
• Negative Sentiment: Guidance pulled, inventory bloated and CEO transition raise execution risk: Management suspended production guidance amid a companywide cost review and incoming CEO review; Lucid says it will adjust production after ending Q1 with elevated inventory, increasing uncertainty around near‑term volume and margins. Lucid Motors doesn't know how many EVs it will build this year

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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