<div id="readability-page-1"><p><span>Lucid Group (NASDAQ:LCID - Get Free Report)</span> had its price objective reduced by equities researchers at Royal Bank of Canada  from $3.00 to $2.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a &#34;sector perform&#34; rating on the stock. Royal Bank of Canada's price objective would suggest a potential downside of 5.21% from the company's current price.</p><ul><li>Tesla Stock Dips on EV Tax Break Cut— Perfect Time to Buy?</li></ul><p>A number of other research analysts also recently commented on the stock. R. F. Lafferty raised shares of Lucid Group from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $4.00 price objective for the company in a research report on Monday, November 11th. Cfra  set a $2.00 price objective on Lucid Group in a research note on Thursday, October 17th. Cantor Fitzgerald  reaffirmed a &#34;neutral&#34; rating and issued a $4.00 price objective on shares of Lucid Group in a research report on Tuesday, October 8th. Robert W. Baird  restated a &#34;neutral&#34; rating and issued a $3.00 price target on shares of Lucid Group in a research note on Monday, October 7th. Finally, Needham &amp; Company LLC  reaffirmed a &#34;hold&#34; rating on shares of Lucid Group in a report on Friday, November 8th. One investment analyst  has rated the stock with a sell rating, seven have issued  a hold rating and one  has assigned  a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $3.16.</p><p><b>Get Our Latest Report on Lucid Group</b></p><h2>Lucid Group Stock Down 1.4 %</h2><ul><li>A $1.75 Billion Gamble: Can Lucid Ignite Growth?</li></ul><p>Shares of Lucid Group stock traded down $0.03 on Tuesday, reaching $2.11. 23,289,477 shares of the company were exchanged, compared to its average volume of 36,697,738. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of -1.57 and a beta of 1.11. The company has a current ratio of 3.71, a quick ratio of 3.26 and a debt-to-equity ratio of 0.77. Lucid Group has a one year low of $1.93 and a one year high of $5.31. The company has a 50-day moving average of $2.97 and a 200 day moving average of $3.07. </p><h2>Insiders Place Their Bets</h2><p>In other Lucid Group news, Director Public Investment Fund purchased 374,717,927 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $2.59 per share, for a total transaction of $970,519,430.93. Following the completion of the transaction, the director now owns 8,041,393 shares in the company, valued at approximately $20,827,207.87. This represents a -102.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own  61.26% of the company's stock. </p><h2>Institutional Investors Weigh In On Lucid Group</h2><ul><li>Is Lucid Group Nearing the Bottom? What Investors Should Know</li></ul><p>Large investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. bought a new stake in  Lucid Group during the third quarter worth about $53,000.  M&amp;T Bank Corp increased its stake in  Lucid Group by 46.0% in the third quarter. M&amp;T Bank Corp now owns 222,335 shares of the company's stock valued at $785,000 after acquiring an additional 70,079 shares during the last quarter.  Y Intercept Hong Kong Ltd acquired a new position in shares of  Lucid Group during the 3rd quarter worth $121,000.  Main Management ETF Advisors LLC acquired a new position in  Lucid Group during the 3rd quarter worth approximately $863,000.  Finally, Orion Portfolio Solutions LLC acquired a new position in shares of  Lucid Group during the third quarter worth $84,000. Institutional investors and hedge funds own  75.17% of the company's stock. </p><h2>About Lucid Group</h2> (Get Free Report)<p>Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Lucid Group</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>Traders Are Flocking Back to Oil: What’s Fueling the Optimism</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>3 Hot Stock Trends to Ride Into 2025 </li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>Arm Holdings: Buy the Dip or Wait for a Better Price? </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TENJRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TENJRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Download Our Tesla Ebook For Free <span><span>(From DTI)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDI3OA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD0xMDI3OA"/></p><h2>Should you invest $1,000 in Lucid Group right now?</h2><p>Before you consider Lucid Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lucid Group wasn't on the list.</p><p>While Lucid Group currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LCID

<p>Royal Bank of Canada has lowered its price target for Lucid Group (NASDAQ:LCID) from .00 to .00, maintaining a "sector perform" rating. This suggests a potential downside of 5.21% from the current price. Other analysts have varied opinions, with one upgrading to a "buy" rating and others maintaining "hold" or "neutral" ratings. The consensus rating remains "Hold" with a price target of .16. Lucid Group's stock has seen a recent decline of 1.4% and has a market cap of .35 billion.</p>

Lucid Group (NASDAQ:LCID) Price Target Lowered to $2.00 at Royal Bank of Canada