Lucid Group (NASDAQ:LCID) Trading Up 3.2% - Here's Why

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) shot up 3.2% during mid-day trading on Friday . The stock traded as high as $12.05 and last traded at $11.82. 7,425,330 shares changed hands during trading, a decline of 33% from the average session volume of 11,003,336 shares. The stock had previously closed at $11.45.Analyst Ratings Changes3 Recently Downgraded Stocks to Avoid in 2026LCID has been the subject of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Lucid Group in a research report on Wednesday, November 19th. Stifel Nicolaus reduced their target price on shares of Lucid Group from $21.00 to $17.00 and set a "hold" rating for the company in a report on Monday, November 17th. Weiss Ratings reissued a "sell (e+)" rating on shares of Lucid Group in a research report on Monday. Finally, Morgan Stanley cut shares of Lucid Group from a "buy" rating to an "underweight" rating and lowered their price target for the company from $30.00 to $10.00 in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $21.54.View Our Latest Stock Report on Lucid GroupLucid Group Stock PerformanceUber Is Crushing Lyft—And It’s Not Even CloseThe firm has a market cap of $3.83 billion, a price-to-earnings ratio of -1.10 and a beta of 0.86. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.81 and a quick ratio of 1.34. The firm has a fifty day simple moving average of $15.62 and a two-hundred day simple moving average of $20.07. Lucid Group (NASDAQ:LCID - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($2.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.32) by ($0.33). The company had revenue of $336.58 million for the quarter, compared to analyst estimates of $378.44 million. Lucid Group had a negative net margin of 224.99% and a negative return on equity of 85.13%. The business's revenue was up 68.3% compared to the same quarter last year. During the same quarter last year, the company earned ($2.76) EPS. On average, analysts expect that Lucid Group, Inc. will post -1.25 EPS for the current year. Institutional Investors Weigh In On Lucid GroupBaidu Teams With Uber and Lyft on Robotaxis—Stock Upside Ahead?Large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in Lucid Group during the 3rd quarter worth about $1,361,978,000. Uber Technologies Inc acquired a new stake in shares of Lucid Group during the third quarter worth about $326,283,000. Marshall Wace LLP boosted its position in Lucid Group by 2,398.5% in the second quarter. Marshall Wace LLP now owns 12,652,537 shares of the company's stock valued at $26,697,000 after buying an additional 12,146,136 shares during the last quarter. Norges Bank acquired a new position in Lucid Group in the 2nd quarter worth approximately $16,469,000. Finally, Linden Advisors LP purchased a new position in Lucid Group during the 2nd quarter worth approximately $9,885,000. 75.17% of the stock is owned by hedge funds and other institutional investors. About Lucid Group (Get Free Report)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.Featured StoriesFive stocks we like better than Lucid GroupWhat is a Low P/E Ratio and What Does it Tell Investors?Nike Beats on Earnings But Struggles in China and Faces TariffsWhat Makes a Stock a Good Dividend Stock?Is the AI Boom a Bubble? These 2 Dividend Stocks Say NoThe 3 Best Retail Stocks to Shop for in August4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and MoreThis 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.Should You Invest $1,000 in Lucid Group Right Now?Before you consider Lucid Group, you'll want to hear this.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.While Lucid Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here