--- title: "Lucid Group (NASDAQ:LCID) Stock Price Down 3.4% - Here's Why" type: "News" locale: "en" url: "https://longbridge.com/en/news/295980009.md" description: "Lucid Group (LCID) shares fell 3.4% to $6.22 on Friday, with trading volume down 55%. Analyst ratings remain mixed, averaging 'Reduce' with a consensus target of $9.56. Recent analyst actions include Cantor Fitzgerald reiterating 'neutral', RBC lowering its target to $7.00, and Citigroup cutting its target to $14.00. Meanwhile, several hedge funds, including Bank of New York Mellon and Handelsbanken Fonder, increased their stakes in the second quarter." datetime: "2026-08-14T21:40:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295980009.md) - [en](https://longbridge.com/en/news/295980009.md) - [zh-HK](https://longbridge.com/zh-HK/news/295980009.md) generator: "portal-rs" --- # Lucid Group (NASDAQ:LCID) Stock Price Down 3.4% - Here's Why Lucid Group, Inc. (NASDAQ:LCID - Get Free Report) fell 3.4% during trading on Friday . The company traded as low as $6.12 and last traded at $6.22. 6,256,945 shares traded hands during trading, a decline of 55% from the average daily volume of 13,938,946 shares. The stock had previously closed at $6.44. ## Analyst Ratings Changes - Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case LCID has been the subject of several research analyst reports. Cantor Fitzgerald reiterated a "neutral" rating on shares of Lucid Group in a research report on Monday, August 3rd. Royal Bank Of Canada restated a "sector perform" rating and set a $7.00 target price (down from $8.00) on shares of Lucid Group in a report on Monday, July 13th. William Blair lowered Lucid Group to a "market perform" rating in a research note on Monday, August 3rd. Morgan Stanley set a $5.00 price target on Lucid Group in a report on Wednesday, May 6th. Finally, Citigroup reiterated a "buy" rating and set a $14.00 price target (down from $17.00) on shares of Lucid Group in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $9.56. **Read Our Latest Research Report on LCID** ## Lucid Group Trading Down 3.4% - Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test 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 firm has a market cap of $2.43 billion, a price-to-earnings ratio of -0.45 and a beta of 0.83. The business's fifty day moving average is $6.18 and its two-hundred day moving average is $7.75. ## Hedge Funds Weigh In On Lucid Group Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Lucid Group in the 2nd quarter valued at about $3,125,000. Handelsbanken Fonder AB grew its holdings in shares of Lucid Group by 81.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 73,729 shares of the company's stock valued at $493,000 after buying an additional 33,200 shares during the period. CX Institutional grew its stake in Lucid Group by 69.6% in the second quarter. CX Institutional now owns 13,207 shares of the company's stock valued at $88,000 after acquiring an additional 5,422 shares during the period. Verus Capital Partners LLC acquired a new position in shares of Lucid Group in the 1st quarter valued at approximately $108,000. Finally, Essential Partners LLC acquired a new position in shares of Lucid Group in the first quarter valued at approximately $126,000. Institutional investors own 75.17% of the company's stock. ## Lucid Group Company Profile (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. ## See Also - Five stocks we like better than Lucid Group - Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors - Quantum Leaps: Debt-Free as AI Storage Demand Accelerates - NVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270 - Sandisk’s Margins Look Like Software. Can They Last? *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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