Lucid Group (NASDAQ:LCID) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Lucid Group (NASDAQ:LCID) from a hold rating to a strong sell rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also recently commented on LCID. TD Cowen dropped their price target on Lucid Group from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Evercore set a $6.00 price objective on Lucid Group in a report on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $7.00 target price (down from $8.00) on shares of Lucid Group in a research note on Monday, July 13th. Citigroup reaffirmed a “buy” rating and set a $14.00 target price (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $14.00 target price on shares of Lucid Group in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $9.56.

Lucid Group Price Performance

Shares of Lucid Group stock opened at $6.78 on Monday. The stock has a market capitalization of $2.65 billion, a P/E ratio of -0.51 and a beta of 0.83. The business has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $8.18. Lucid Group has a 12 month low of $2.37 and a 12 month high of $33.10. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.02 and a quick ratio of 0.48.

Hedge Funds Weigh In On Lucid Group

A number of institutional investors have recently added to or reduced their stakes in LCID. Uber Technologies Inc purchased a new stake in Lucid Group in the 3rd quarter valued at $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Lucid Group by 39.2% during the 2nd 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 period. Vanguard Group Inc. raised its holdings in shares of Lucid Group by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 12,061,286 shares of the company’s stock worth $127,488,000 after acquiring an additional 701,826 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Lucid Group by 112.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock valued at $13,166,000 after acquiring an additional 2,874,603 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Lucid Group by 93.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock valued at $9,465,000 after acquiring an additional 2,167,882 shares during the last quarter. Hedge funds and other institutional investors own 75.17% of the company’s stock.

Key Lucid Group News

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

• Positive Sentiment: Lucid was highlighted in a broader EV stock comparison article that noted the company is still scaling luxury EV production and has support from a large purchase agreement with the Saudi government, which remains a long-term bullish factor. Article Title
• Neutral Sentiment: Several law firms issued reminders about the pending securities class action and the July 28 lead-plaintiff deadline. These notices keep Lucid in the headlines but are largely procedural at this point. Article Title
• Neutral Sentiment: Broker commentary also turned more cautious, with Zacks Research downgrading Lucid from “hold” to “strong sell,” reinforcing a negative sentiment backdrop for the stock. Article Title
• Negative Sentiment: Investor-rights firms filed and promoted a securities fraud class action alleging harm to shareholders who bought Lucid stock between February 25 and April 13, 2026. The lawsuit chatter may be weighing on sentiment as investors focus on legal risk and possible damages. Article Title
• Negative Sentiment: Additional articles pointed to weak prior results, including lower-than-expected deliveries, a revenue shortfall, and large quarterly losses, all of which continue to pressure confidence in Lucid’s turnaround story. Article Title

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.