--- title: "Lucid Group (NASDAQ:LCID) Shares Down 2.4% - Here's What Happened" type: "News" locale: "en" url: "https://longbridge.com/en/news/295713584.md" description: "Lucid Group (NASDAQ:LCID) shares fell 2.4% to $6.54, with trading volume down 57%. Analysts have revised price targets downward; Citigroup lowered its target to $14.00, while RBC set a $7.00 objective. The consensus rating is 'Reduce' with a $9.56 target. Institutional investors, including Uber and Goldman Sachs, increased their stakes in the third quarter, holding 75.17% of the stock." datetime: "2026-08-12T21:40:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295713584.md) - [en](https://longbridge.com/en/news/295713584.md) - [zh-HK](https://longbridge.com/zh-HK/news/295713584.md) --- # Lucid Group (NASDAQ:LCID) Shares Down 2.4% - Here's What Happened Shares of Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) traded down 2.4% on Wednesday . The stock traded as low as $6.33 and last traded at $6.54. 6,001,482 shares changed hands during trading, a decline of 57% from the average daily volume of 14,040,512 shares. The stock had previously closed at $6.70. ## Analysts Set New Price Targets - Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case Several brokerages have weighed in on LCID. Citigroup reissued a "buy" rating and issued a $14.00 price target (down from $17.00) on shares of Lucid Group in a report on Friday, May 15th. Royal Bank Of Canada restated a "sector perform" rating and set a $7.00 price objective (down from $8.00) on shares of Lucid Group in a report on Monday, July 13th. Morgan Stanley set a $5.00 price objective on shares of Lucid Group in a research report on Wednesday, May 6th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lucid Group in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Lucid Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Lucid Group has a consensus rating of "Reduce" and a consensus target price of $9.56. **View Our Latest Analysis on Lucid Group** ## Lucid Group Trading Down 2.4% - Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test The stock has a 50-day moving average of $6.15 and a 200 day moving average of $7.82. The company has a quick ratio of 0.57, a current ratio of 1.14 and a debt-to-equity ratio of 3.00. The stock has a market cap of $2.55 billion, a PE ratio of -0.48 and a beta of 0.83. ## Institutional Trading of Lucid Group Large investors have recently made changes to their positions in the business. Uber Technologies Inc purchased a new position in shares of Lucid Group in the third quarter valued at approximately $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lucid Group by 39.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company's stock worth $25,973,000 after purchasing an additional 3,465,542 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company's stock worth $13,166,000 after purchasing an additional 2,874,603 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Lucid Group by 93.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company's stock valued at $9,465,000 after purchasing an additional 2,167,882 shares during the last quarter. Finally, HRT Financial LP raised its stake in Lucid Group by 148.1% in the 2nd quarter. HRT Financial LP now owns 3,465,146 shares of the company's stock valued at $7,311,000 after purchasing an additional 2,068,440 shares during the last quarter. 75.17% of the stock is owned by hedge funds and other institutional investors. ## About Lucid Group (Get Free Report) - Uber’s AV Pivot: Growth Opportunity or Margin Risk? 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 Articles - Five stocks we like better than Lucid Group - GE Vernova’s AI Power Boom Faces a Profit Test - Cardinal Health Earnings: Can Perfection Get Priced In Twice? - Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand - Legacy Jet Builders Stall While Embraer Accelerates to New Highs _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._ Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## 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. 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