Lucid Group (NASDAQ:LCID) Reaches New 12-Month Low Following Analyst Downgrade

Lucid Group, Inc. (NASDAQ:LCID) hit a new 52-week low during trading on Monday after Royal Bank Of Canada lowered their price target on the stock from $10.00 to $8.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Lucid Group traded as low as $8.32 and last traded at $8.4410, with a volume of 933109 shares traded. The stock had previously closed at $8.58.

LCID has been the topic of several other reports. Robert W. Baird set a $14.00 price target on Lucid Group in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research report on Friday, March 27th. Zacks Research raised Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Benchmark reaffirmed a “buy” rating on shares of Lucid Group in a research report on Thursday, February 19th. Finally, Cantor Fitzgerald dropped their price target on Lucid Group from $21.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Two equities research 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 currently has an average rating of “Reduce” and a consensus price target of $12.86.

Lucid Group News Roundup

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

• Positive Sentiment: One outlet highlights as much as ~75% upside potential for Lucid, which can attract speculative buying from investors looking for a value/recovery trade despite the risks noted in the same piece. Lucid Eyes 75% Upside, But Bankruptcy Fears Remain
• Neutral Sentiment: Q1 production/delivery update: Lucid produced ~5,500 vehicles and delivered ~3,093 units for the quarter; the company said deliveries were hurt by a temporary supply disruption — the data shows ongoing production capability but near-term delivery execution risk. Lucid Group (LCID) Reports Q1 Deliveries Impacted by Temporary Supply Disruption
• Neutral Sentiment: Sector headwinds and broader EV/auto pressure are weighing on Lucid, contributing to market volatility and headline-driven moves rather than company-specific positive fundamentals. Lucid Group Faces Market Pressure Amid Sector Movements
• Negative Sentiment: RBC cut its price target to $8 (from $10) and kept a “sector perform” rating, signaling limited near-term upside from a large bank and adding selling pressure. RBC Capital Adjusts Price Target on Lucid Group to $8 from $10; Maintains ‘Sector Perform’
• Negative Sentiment: Analyst consensus is weak — the average recommendation is “Reduce” — which can limit institutional buying and supports continued downside risk absent a clear operational turnaround. Lucid Group, Inc. (NASDAQ:LCID) Receives Average Recommendation of “Reduce” from Analysts

Institutional Trading of Lucid Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. J. Derek Lewis & Associates Inc. bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $158,000. Corient Private Wealth LLC bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $118,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $77,000. Alpine Global Management LLC increased its position in shares of Lucid Group by 561.7% during the fourth quarter. Alpine Global Management LLC now owns 16,160 shares of the company’s stock valued at $171,000 after purchasing an additional 19,660 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Lucid Group during the fourth quarter valued at approximately $1,355,000. 75.17% of the stock is currently owned by institutional investors.

Lucid Group Trading Up 7.7%

The firm has a market capitalization of $3.03 billion, a P/E ratio of -0.76 and a beta of 1.16. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00. The business has a 50-day moving average price of $9.94 and a 200-day moving average price of $13.15.

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.