Lucid Group (NASDAQ:LCID) Shares Down 1.9% - Should You Sell?

Key Points

• Shares slipped to $10.90 (down 1.9% mid-day) on lower-than-average volume, trading below both the 50‑day ($14.34) and 200‑day ($19.57) moving averages.
• Several analysts have cut ratings and targets—most notably Morgan Stanley downgraded LCID to underweight with a $10 target—leaving a MarketBeat consensus rating of Reduce and a $21.54 consensus price target.
• Fundamentals show growing revenue (+68% YoY) but large losses, with an EPS miss, a negative ROE of 85.13% and a net margin of -224.99%; market cap is about $3.53 billion.

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report)'s share price was down 1.9% during mid-day trading on Tuesday . The stock traded as low as $10.90 and last traded at $10.90. 7,456,661 shares were traded during mid-day trading, a decline of 31% from the average session volume of 10,885,180 shares. The stock had previously closed at $11.11.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LCID. Morgan Stanley lowered shares of Lucid Group from a "buy" rating to an "underweight" rating and dropped their price target for the stock from $30.00 to $10.00 in a research report on Monday, December 8th. Stifel Nicolaus cut their target price on Lucid Group from $21.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, November 17th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lucid Group in a research report on Monday. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Lucid Group in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Lucid Group currently has a consensus rating of "Reduce" and a consensus price target of $21.54.

Lucid Group Stock Performance

The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 1.19. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of -1.02 and a beta of 0.87. The firm has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $19.57.

Lucid Group (NASDAQ:LCID - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($2.65) earnings per share for the quarter, missing the consensus estimate of ($2.32) by ($0.33). Lucid Group had a negative return on equity of 85.13% and a negative net margin of 224.99%.The firm had revenue of $336.58 million for the quarter, compared to the consensus estimate of $378.44 million. During the same period in the prior year, the firm posted ($2.76) earnings per share. The business's revenue for the quarter was up 68.3% compared to the same quarter last year. Analysts forecast that Lucid Group, Inc. will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Lucid Group

Several large investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC acquired a new position in shares of Lucid Group in the 3rd quarter valued at approximately $212,000. Johnson & White Wealth Management LLC acquired a new position in shares of Lucid Group in the third quarter valued at approximately $238,000. Integrity Alliance LLC. acquired a new stake in shares of Lucid Group during the first quarter worth $27,000. Sapient Capital LLC bought a new stake in Lucid Group in the 3rd quarter valued at $287,000. Finally, Valeo Financial Advisors LLC boosted its stake in Lucid Group by 9.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company's stock worth $25,000 after purchasing an additional 1,055 shares during the period. Institutional investors own 75.17% of the company's stock.

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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