Lucid Group (NASDAQ:LCID) Stock Price Down 7.2% - Time to Sell?

Key Points

• Shares fell 7.2% on Thursday to about $9.91 with ~6.8 million shares traded (slightly below average), and the stock sits below its 50‑day ($10.31) and well under its 200‑day ($14.23) moving averages.
• Analyst sentiment is weak — the MarketBeat consensus is "Reduce" with an average price target of $13.14, and recent downgrades include Morgan Stanley (to underweight, $10 TP) and Cantor Fitzgerald (to $14).
• Key fundamentals show strain: market cap ~$3.25 billion, debt‑to‑equity of 3.00, a quick ratio of 0.83 and a negative P/E (‑0.82); institutional investors still own about 75% of the stock.

Shares of Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) dropped 7.2% during trading on Thursday . The stock traded as low as $9.80 and last traded at $9.91. Approximately 6,817,991 shares changed hands during trading, a decline of 5% from the average daily volume of 7,211,757 shares. The stock had previously closed at $10.68.

Wall Street Analyst Weigh In

LCID has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price objective on shares of Lucid Group from $21.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley downgraded shares of Lucid Group from a "buy" rating to an "underweight" rating and lowered their target price for the company from $30.00 to $10.00 in a research note on Monday, December 8th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Lucid Group in a report on Monday, December 29th. Benchmark reaffirmed a "buy" rating on shares of Lucid Group in a research report on Thursday, February 19th. Finally, Citigroup initiated coverage on Lucid Group in a report on Wednesday, March 18th. They set a "buy" rating and a $17.00 price objective for the company. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $13.14.

Lucid Group Trading Down 7.2%

The company has a debt-to-equity ratio of 3.00, a current ratio of 1.25 and a quick ratio of 0.83. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of -0.82 and a beta of 1.12. The company's fifty day moving average price is $10.31 and its 200-day moving average price is $14.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its stake in shares of Lucid Group by 9.7% during the second quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company's stock worth $25,000 after buying an additional 1,055 shares during the period. Brown Advisory Inc. increased its position in shares of Lucid Group by 47.5% in the 2nd quarter. Brown Advisory Inc. now owns 15,530 shares of the company's stock valued at $33,000 after acquiring an additional 5,000 shares during the period. Silverlake Wealth Management LLC purchased a new position in Lucid Group in the 2nd quarter worth $39,000. Jump Financial LLC purchased a new position in Lucid Group in the 2nd quarter worth $41,000. Finally, Victory Financial Group LLC acquired a new stake in Lucid Group during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 75.17% of the company's stock.

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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