Lucid Group (NASDAQ:LCID) Stock Price Down 4.9% - Here's Why

Key Points

• Lucid Group shares fell 4.9% in mid-day trading, with the stock dipping as low as $6.22 before last trading around $6.45. Trading volume was also below average, suggesting softer investor participation.
• Zacks Research downgraded Lucid from hold to strong sell, adding to bearish sentiment around the stock. Other recent analyst actions were also mixed-to-negative, with several firms cutting ratings or price targets.
• Legal overhang remains a key issue, as law firms continue reminding investors about the July 28, 2026 lead-plaintiff deadline in Lucid’s securities class action. The lawsuit centers on allegations that Lucid missed delivery and revenue expectations, raising execution concerns.

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) fell 4.9% during mid-day trading on Thursday . The stock traded as low as $6.22 and last traded at $6.45. Approximately 10,338,057 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 14,193,135 shares. The stock had previously closed at $6.78.

Key Stories Impacting Lucid Group

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

• Positive Sentiment: No meaningful positive company-specific catalyst was reported in the last 24-36 hours.
• Neutral Sentiment: Multiple law firms issued reminders that the lead-plaintiff deadline in the Lucid securities class action is July 28, 2026, keeping the lawsuit in focus but not adding new operational information. Kaplan Fox Notifies Lucid Group, Inc. (LCID) Investors of a Securities Class Action Deadline on July 28, 2026
• Neutral Sentiment: Rosen Law Firm and other shareholder-rights firms repeated their calls for investors who bought LCID during the February 25 to April 13 class period to seek counsel before the deadline, underscoring ongoing legal overhang. LCID Deadline: Rosen Law Firm Urges Lucid Group, Inc. NASDAQ: LCID Stockholders to Contact the Firm for Information About Their Rights
• Neutral Sentiment: Lucid also drew broader EV-sector attention after a report noted Tesla’s sharp post-earnings selloff and said Rivian and Lucid slipped alongside the sector, adding to weak sentiment around EV names. Tesla Slides 8% on Earnings Miss Despite Record Deliveries; Rivian, Lucid Slip
• Negative Sentiment: Zacks Research downgraded Lucid from hold to strong sell, a direct bearish signal that likely weighed on the stock. Zacks Research downgrade
• Negative Sentiment: News coverage highlighted allegations in the class action that Lucid missed delivery and revenue expectations, reinforcing concerns about execution and financial performance. Levi & Korsinsky Reminds Lucid Group, Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of July 28, 2026 - LCID

Wall Street Analyst Weigh In

A number of brokerages have commented on LCID. Robert W. Baird set a $6.00 price objective on Lucid Group in a research note on Wednesday, May 6th. Benchmark lowered Lucid Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 6th. Zacks Research downgraded Lucid Group from a "hold" rating to a "strong sell" rating in a report on Monday. Morgan Stanley set a $5.00 target price on Lucid Group in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $7.00 price target (down from $8.00) on shares of Lucid Group in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Lucid Group presently has a consensus rating of "Reduce" and an average target price of $9.56.

Lucid Group Stock Performance

The stock's fifty day moving average is $5.85 and its two-hundred day moving average is $8.18. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -0.49 and a beta of 0.83. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.48 and a current ratio of 1.02.

Hedge Funds Weigh In On Lucid Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LCID. EverSource Wealth Advisors LLC increased its position in shares of Lucid Group by 1,574.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,914 shares of the company's stock worth $28,000 after acquiring an additional 2,740 shares during the last quarter. Leonteq Securities AG purchased a new position in Lucid Group in the fourth quarter valued at about $67,000. Caitong International Asset Management Co. Ltd acquired a new stake in Lucid Group during the 4th quarter valued at approximately $77,000. Eurizon Capital SGR S.p.A. acquired a new stake in Lucid Group during the 4th quarter valued at approximately $86,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in Lucid Group during the 3rd quarter worth approximately $212,000. 75.17% of the stock is owned by hedge funds and other 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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