Lucid Group (NASDAQ:LCID) Shares Down 3.9% - Should You Sell?

Lucid Group, Inc. (NASDAQ:LCID - Get Free Report)'s share price traded down 3.9% during trading on Tuesday . The company traded as low as $9.50 and last traded at $9.73. 10,323,134 shares were traded during mid-day trading, an increase of 38% from the average session volume of 7,488,839 shares. The stock had previously closed at $10.12.Wall Street Analyst Weigh InAmerica’s New Favorite EV Isn’t Tesla—and the Stock May SurpriseSeveral research analysts have commented on LCID shares. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Lucid Group in a research note on Wednesday, November 19th. Morgan Stanley cut shares of Lucid Group from a "buy" rating to an "underweight" rating and dropped their price target for the stock from $30.00 to $10.00 in a research note on Monday, December 8th. Weiss Ratings reissued a "sell (e+)" rating on shares of Lucid Group in a research report on Monday, December 29th. Royal Bank Of Canada decreased their price objective on shares of Lucid Group from $20.00 to $14.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 14th. Finally, Robert W. Baird set a $14.00 target price on Lucid Group in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $18.92.Read Our Latest Stock Analysis on Lucid GroupLucid Group Trading Down 3.9%3 Recently Downgraded Stocks to Avoid in 2026The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $3.15 billion, a PE ratio of -0.91 and a beta of 0.89. The stock's 50 day moving average is $12.26 and its two-hundred day moving average is $18.45. Lucid Group (NASDAQ:LCID - Get Free Report) last issued its quarterly earnings data 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 return on equity of 85.13% and a negative net margin of 224.99%.The business had revenue of $336.58 million during the quarter, compared to the consensus estimate of $378.44 million. During the same period last year, the firm earned ($2.76) EPS. The business's quarterly revenue was up 68.3% on a year-over-year basis. As a group, sell-side analysts predict that Lucid Group, Inc. will post -1.25 EPS for the current fiscal year. Institutional Inflows and OutflowsUber Is Crushing Lyft—And It’s Not Even CloseA number of hedge funds and other institutional investors have recently made changes to their positions in LCID. 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 3rd quarter worth approximately $326,283,000. Marshall Wace LLP boosted its holdings in Lucid Group by 2,398.5% during the second quarter. Marshall Wace LLP now owns 12,652,537 shares of the company's stock worth $26,697,000 after buying an additional 12,146,136 shares in the last quarter. Norges Bank acquired a new stake in Lucid Group during the second quarter valued at $16,469,000. Finally, Linden Advisors LP purchased a new position in Lucid Group in the second quarter valued at $9,885,000. Hedge funds and other institutional investors own 75.17% of the company's stock. Lucid Group Company Profile (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 GroupIs Elon Preparing for a Silver Shock?Wall Street Alert: Buy AESDo not delete, read immediatelyThe Crash Has Already Started (Most Just Don’t See It Yet)Trump’s AI Secret: 100X Faster Than NvidiaThis 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