Bank of America Begins Coverage on Lucid Group (NASDAQ:LCID)

Equities research analysts at Bank of America started coverage on shares of Lucid Group (NASDAQ:LCID) in a report issued on Wednesday. The firm set an “underperform” rating and a $10.00 price target on the stock. Bank of America‘s price objective would suggest a potential upside of 1.63% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Lucid Group in a report on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of Lucid Group in a research report on Thursday, February 19th. Cantor Fitzgerald lowered their target price on shares of Lucid Group from $21.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Zacks Research lowered shares of Lucid Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus reduced their price target on shares of Lucid Group from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, November 17th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Lucid Group has a consensus rating of “Reduce” and a consensus target price of $18.50.

Lucid Group Stock Down 4.2%

LCID opened at $9.84 on Wednesday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -0.81 and a beta of 1.12. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25. The firm’s fifty day moving average is $10.56 and its 200 day moving average is $15.22. Lucid Group has a fifty-two week low of $9.12 and a fifty-two week high of $33.70.

Lucid Group (NASDAQ:LCID) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($3.08) EPS for the quarter, missing analysts’ consensus estimates of ($2.49) by ($0.59). Lucid Group had a negative net margin of 207.87% and a negative return on equity of 138.82%. The business had revenue of $522.73 million for the quarter, compared to the consensus estimate of $473.08 million. During the same period in the prior year, the business earned ($0.22) earnings per share. Lucid Group’s revenue was up 122.9% compared to the same quarter last year. On average, sell-side analysts forecast that Lucid Group will post -1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lucid Group

Hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new position in shares of Lucid Group in the 3rd quarter worth $1,361,978,000. Geode Capital Management LLC lifted its holdings in shares of Lucid Group by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,642,839 shares of the company’s stock valued at $47,784,000 after acquiring an additional 1,554,419 shares during the last quarter. Uber Technologies Inc purchased a new position in Lucid Group in the third quarter worth about $326,283,000. Marshall Wace LLP increased its stake in Lucid Group by 2,398.5% during the second quarter. Marshall Wace LLP now owns 12,652,537 shares of the company’s stock worth $26,697,000 after acquiring an additional 12,146,136 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lucid Group by 39.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after acquiring an additional 3,465,542 shares during the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.

Key Headlines Impacting Lucid Group

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

• Positive Sentiment: Operational momentum: Management highlighted accelerating production and faster-than-expected deliveries and Lucid reported strong revenue growth, which improves the path to eventual profitability if execution continues. Lucid Group Earnings Call: Growth Surges, Losses Loom
• Neutral Sentiment: Analyst stance unchanged after workforce cut: RBC kept a Hold rating and $10 target following a announced ~12% workforce reduction — this signals limited analyst optimism but not a harsher downgrade. Analyst Opinion Unchanged for Lucid Group (LCID) After 12% Workforce Layoff
• Neutral Sentiment: Featured in a small-cap roundup: a finance column discussed small-cap risks and watches, mentioning companies like Lucid as examples of high-reward but high-risk smaller firms — useful context but not an immediate catalyst. 1 Small-Cap Stock on Our Watchlist and 2 We Question
• Negative Sentiment: Macro shock driving risk-off in EVs: Geopolitical escalation in the Middle East pushed oil higher and revived inflation/interest-rate worries, prompting selling in luxury EV names including Lucid. This is a near-term demand and valuation headwind. Why Lucid (LCID) Shares Are Falling Today
• Negative Sentiment: Cash burn, weak margins and balance-sheet pressure: Analysts and market pieces highlight persistent negative gross margins, declining equity, large debt and near-term negative free cash flow — all of which keep LCID vulnerable to selling and short interest. Cash Flow Kings: 2 Stocks to Hide In, 1 to Avoid (LCID)
• Negative Sentiment: New coverage is skeptical: Bank of America initiated coverage with an Underperform and a $10 target, signaling limited upside from current levels and adding pressure from institutional views. Bank of America Initiates Coverage (underperform, $10)

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.