<div id="readability-page-1"><p>Shares of Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) traded down 6.4% on Friday . The company traded as low as $14.19 and last traded at $14.20. 11,306,857 shares changed hands during trading, a decline of 0% from the average session volume of 11,346,514 shares. The stock had previously closed at $15.17.</p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Uber Is Crushing Lyft—And It’s Not Even Close</li></ul><p>A number of research analysts recently issued reports on LCID shares. Cantor Fitzgerald cut their price objective on Lucid Group from $26.00 to $21.00 and set a &#34;neutral&#34; rating for the company in a research note on Thursday, November 6th. Morgan Stanley increased their price objective on shares of Lucid Group to $30.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Tuesday, September 2nd. Stifel Nicolaus  set a $2.10 price objective on shares of Lucid Group in a research report on Friday, August 29th. Finally, Weiss Ratings  reaffirmed a &#34;sell (e+)&#34; rating on shares of Lucid Group in a report on Thursday. One investment analyst  has rated the stock with a Buy rating, eight have assigned  a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock  has a consensus rating of &#34;Reduce&#34; and a consensus target price of $21.93.</p><p><b>Check Out Our Latest Stock Report on Lucid Group</b></p><h2>Lucid Group Price Performance</h2><ul><li>Baidu Teams With Uber and Lyft on Robotaxis—Stock Upside Ahead?</li></ul><p>The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.34 and a current ratio of 1.81. The firm has a fifty day simple moving average of $20.09 and a two-hundred day simple moving average of $22.33. The firm has a market cap of $4.36 billion, a PE ratio of -1.33 and a beta of 0.80. </p><p>Lucid Group (NASDAQ:LCID - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($2.65) EPS for the quarter, missing analysts' consensus estimates of ($2.32) by ($0.33). Lucid Group had a negative net margin of 224.99% and a negative return on equity of 85.13%. The firm had revenue of $336.58 million for the quarter, compared to the consensus estimate of $378.44 million. During the same quarter in the prior year, the company posted ($2.76) earnings per share. The firm's revenue was up 68.3% compared to the same quarter last year.  Equities analysts predict that  Lucid Group, Inc. will post -1.25 EPS for the current fiscal year. </p><h2>Institutional Investors Weigh In On Lucid Group</h2><ul><li>Tesla Teams With Samsung—Will Other Chipmakers Follow?</li></ul><p>Hedge funds and other institutional investors have recently modified their holdings of the business. HITE Hedge Asset Management LLC bought a new stake in shares of  Lucid Group during the third quarter worth $212,000.  Magnetar Financial LLC bought a new stake in  Lucid Group during the third quarter valued at about $969,000.  Counterpoint Mutual Funds LLC purchased a new position in  Lucid Group in the third quarter valued at about $496,000.  PNC Financial Services Group Inc. lifted its position in  Lucid Group by 112.6% during the third quarter. PNC Financial Services Group Inc. now owns 36,923 shares of the company's stock valued at $878,000 after acquiring an additional 19,557 shares during the last quarter.  Finally, Caisse Des Depots ET Consignations acquired a new position in  Lucid Group during the 3rd quarter valued at approximately $705,000. 75.17% of the stock is currently owned by hedge funds and other institutional investors. </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>The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number</li><li>If You Wait for the Dip,  Micron Technology Could Leave You Behind</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>3 Stocks Quietly Powering the AI and Tech Revolution</li><li>Differences Between Momentum Investing and Long Term Investing </li><li>Jefferies Tells NVIDIA to Step Aside, Picks Broadcom as Top Semiconductor Stock</li></ul><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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></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 Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LCID

<p>Lucid Group (NASDAQ:LCID) shares fell 6.4% to $14.20, with analysts offering mixed ratings. Cantor Fitzgerald lowered its price target to $21, while Morgan Stanley raised it to $30. The company reported a Q3 loss of $2.65 per share, missing estimates. Institutional investors have adjusted their holdings, with 75.17% of shares owned by them. Lucid designs and sells electric vehicles and related technology.</p>

Lucid Group (NASDAQ:LCID) Shares Down 6.4% - What's Next?