Lucid Group (NASDAQ:LCID) Shares Down 6.7% on Analyst Downgrade

Lucid Group, Inc. (NASDAQ:LCID) shares were down 6.7% on Wednesday after Robert W. Baird lowered their price target on the stock from $14.00 to $12.00. Robert W. Baird currently has a neutral rating on the stock. Lucid Group traded as low as $8.11 and last traded at $8.21. Approximately 31,295,487 shares traded hands during mid-day trading, an increase of 299% from the average daily volume of 7,840,371 shares. The stock had previously closed at $8.80.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Monday. Zacks Research upgraded shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Cantor Fitzgerald dropped their price target on shares of Lucid Group from $21.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research note on Friday, March 27th. Finally, Citigroup assumed coverage on Lucid Group in a research note on Wednesday, March 18th. They issued a “buy” rating and a $17.00 price objective for the company. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $12.25.

Trending Headlines about Lucid Group

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

• Positive Sentiment: Major strategic backers increase support: Uber expanded its commitment and increased investment to bring total Uber funding to $500M, and an affiliate of Saudi Arabia’s PIF is providing a large convertible preferred stake — this strengthens Lucid’s long‑term robotaxi partnership and provides substantial new capital. PR Newswire: Lucid to Receive New Investments from the PIF and Uber
• Positive Sentiment: Leadership change could signal operational focus: Lucid appointed Silvio Napoli (industrial/operator background) as CEO — investors view this as a move to accelerate production discipline and profitability. CNBC: Lucid names Silvio Napoli as CEO
• Neutral Sentiment: Liquidity boost via equity offering: Lucid priced a $300M registered common stock offering as part of an approximately $1.05B financing package; proceeds reduce immediate cash risk but increase share count. PR Newswire: Registered public offering announced
• Negative Sentiment: Q1 revenue pre‑announcement missed expectations and was paired with the disclosure of the >$1B capital raise — the combination prompted selling pressure as investors fear slower near‑term growth and continued cash burn. Yahoo Finance: Lucid Stock Trades Down, Here Is Why
• Negative Sentiment: Dilution and financing overhang concerns: filings show a $550M convertible preferred to a PIF affiliate, a $200M private placement to an Uber subsidiary and a large registered offering (36M shares at ~$8.11), plus an S‑3 shelf — markets often sell first on potential long‑term dilution. QuiverQuant: Lucid slides as investors weigh fresh capital raise
• Negative Sentiment: Analyst downgrades and lower price targets: several firms have cut targets or flagged downside (including RBC trimming its target to $8 and Baird lowering to $12), adding downward pressure on sentiment. AmericanBankingNews: RBC lowers LCID target
• Negative Sentiment: Regulatory/litigation risk: a Pomerantz investor inquiry into Lucid was announced, which can amplify short‑term volatility while investors reassess legal risk. GlobeNewswire: Pomerantz investor alert

Hedge Funds Weigh In On Lucid Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. bought a new position in shares of Lucid Group during the fourth quarter worth $158,000. Corient Private Wealth LLC bought a new position in shares of Lucid Group during the fourth quarter worth $118,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Lucid Group during the fourth quarter worth $77,000. Alpine Global Management LLC boosted 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 worth $171,000 after acquiring an additional 19,660 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Lucid Group during the fourth quarter valued at approximately $1,355,000. Institutional investors own 75.17% of the company’s stock.

Lucid Group Stock Performance

The business has a 50 day moving average of $9.86 and a 200 day moving average of $13.01. The company has a market capitalization of $2.69 billion, a P/E ratio of -0.68 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.

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.