Lucid Group (NASDAQ:LCID) Stock Price Down 3.4% - Time to Sell?

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) shares fell 3.4% during mid-day trading on Wednesday . The company traded as low as $11.09 and last traded at $11.13. 6,126,316 shares were traded during trading, a decline of 44% from the average session volume of 11,032,103 shares. The stock had previously closed at $11.52.Analyst Upgrades and Downgrades3 Recently Downgraded Stocks to Avoid in 2026LCID has been the subject of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Lucid Group in a research note on Wednesday, November 19th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lucid Group in a research report on Monday. Morgan Stanley cut Lucid Group from a "buy" rating to an "underweight" rating and reduced their target price for the company from $30.00 to $10.00 in a research note on Monday, December 8th. Finally, Stifel Nicolaus decreased their price target on shares of Lucid Group from $21.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $21.54.View Our Latest Research Report on Lucid GroupLucid Group Stock Down 3.4%Uber Is Crushing Lyft—And It’s Not Even CloseThe company has a market capitalization of $3.61 billion, a PE ratio of -1.04 and a beta of 0.86. The company's fifty day moving average is $16.06 and its 200-day moving average is $20.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.34 and a current ratio of 1.81. Lucid Group (NASDAQ:LCID - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($2.65) EPS for the quarter, missing the consensus estimate 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 business had revenue of $336.58 million during the quarter, compared to analysts' expectations of $378.44 million. During the same quarter in the previous year, the firm earned ($2.76) earnings per share. Lucid Group's revenue was up 68.3% on a year-over-year basis. As a group, analysts predict that Lucid Group, Inc. will post -1.25 EPS for the current fiscal year. Institutional Trading of Lucid GroupBaidu Teams With Uber and Lyft on Robotaxis—Stock Upside Ahead?Large investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in Lucid Group during the third quarter valued at approximately $1,361,978,000. IFP Advisors Inc increased its position in Lucid Group by 315.0% during the third quarter. IFP Advisors Inc now owns 12,197 shares of the company's stock valued at $290,000 after acquiring an additional 9,258 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Lucid Group in the third quarter valued at $1,229,000. Uber Technologies Inc bought a new stake in shares of Lucid Group in the 3rd quarter worth about $326,283,000. Finally, Paloma Partners Management Co purchased a new position in shares of Lucid Group during the 3rd quarter worth about $1,368,000. Institutional investors own 75.17% of the company's stock. Lucid Group Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Lucid GroupWhat Are Growth Stocks and Investing in Them Post 35% Surge, Analysts Eye More Upside in Copper Giant FreeportWhy is the Ex-Dividend Date Significant to Investors?Why a SpaceX IPO Could Be a Major Catalyst for GOOGL StockCanadian Penny Stocks: Can They Make You Rich? Can Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishThis 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