Lucid Group (NASDAQ:LCID) Trading 2.8% Higher - What's Next?

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) shares traded up 2.8% during trading on Thursday . The stock traded as high as $5.60 and last traded at $5.09. Approximately 29,954,544 shares traded hands during trading, an increase of 116% from the average session volume of 13,860,581 shares. The stock had previously closed at $4.95.

Lucid Group News Roundup

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

• Positive Sentiment: Lucid shares moved higher alongside other beaten-down electric-vehicle stocks as investors considered whether the sector’s prolonged selloff may be losing momentum. The broader move was modest, suggesting the rebound is being driven more by positioning and sentiment than by a major fundamental change. Lucid Jumps 7%, Rivian Edges Higher: Is the EV Selloff Finally Exhausted?
• Positive Sentiment: Unusually active options trading provided a bullish technical signal: traders bought 92,106 call options, 84% above typical daily volume. However, call activity reflects positioning and does not guarantee sustained buying in the shares.
• Positive Sentiment: The launch of the Gravity GT-S, which Lucid describes as America’s most powerful three-row crossover, could broaden its product lineup and improve its ability to compete in the premium SUV market. Investors are focused on whether the model can generate meaningful deliveries and revenue. Lucid Unleashes America's Most Powerful 3-Row Crossover
• Neutral Sentiment: Coverage is increasingly framing Lucid as a high-risk turnaround opportunity. The company’s Gravity strategy, partnerships, and new leadership could support long-term growth, but execution, funding, and demand remain key uncertainties. Is Its Gravity Strategy Taking Shape?
• Negative Sentiment: Investors initially sold the stock despite the vehicle reveal, indicating skepticism that the Gravity GT-S and management’s broad promises will quickly resolve Lucid’s weak scale, losses, and funding pressures. The new CEO’s proposed fixes and partnerships have not yet demonstrated results. Lucid’s Stock Collapses—Again
• Negative Sentiment: Lucid remains a financially strained EV manufacturer competing against better-capitalized rivals. Recent coverage questions whether it can survive long enough to achieve scale, while the stock’s prior rally and subsequent reversal underscore elevated volatility. Lucid Sinks Despite Major Vehicle Reveal

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LCID shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Lucid Group in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Lucid Group in a report on Wednesday, June 24th. William Blair downgraded Lucid Group to a "market perform" rating in a research report on Monday, August 3rd. Benchmark lowered Lucid Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 6th. Finally, Citigroup decreased their price target on Lucid Group from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Lucid Group has an average rating of "Reduce" and a consensus price target of $9.22.

Lucid Group Stock Performance

The company has a 50 day moving average price of $6.28 and a 200-day moving average price of $7.43. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 3.00. The company has a market cap of $2.01 billion, a P/E ratio of -0.37 and a beta of 0.83.

Lucid Group (NASDAQ:LCID - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($2.78) EPS for the quarter, missing analysts' consensus estimates of ($2.36) by ($0.42). The business had revenue of $405.35 million for the quarter, compared to analyst estimates of $381.59 million. Lucid Group had a negative return on equity of 1,391.51% and a negative net margin of 249.21%.Lucid Group's quarterly revenue was up 56.2% on a year-over-year basis. During the same period last year, the firm posted ($0.24) EPS. On average, equities analysts expect that Lucid Group, Inc. will post -12.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lucid Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in Lucid Group by 9.5% in the 1st quarter. Royal Bank of Canada now owns 110,716 shares of the company's stock valued at $267,000 after purchasing an additional 9,578 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Lucid Group by 89.9% during the first quarter. AQR Capital Management LLC now owns 537,801 shares of the company's stock worth $1,226,000 after buying an additional 254,551 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Lucid Group by 103.2% during the first quarter. NewEdge Advisors LLC now owns 37,987 shares of the company's stock worth $92,000 after buying an additional 19,294 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company's stock worth $13,166,000 after buying an additional 2,874,603 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Lucid Group by 11.3% in the 1st quarter. Empowered Funds LLC now owns 110,844 shares of the company's stock valued at $268,000 after acquiring an additional 11,252 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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