Investment Analysts’ Weekly Ratings Updates for Lucid Group (LCID)

A number of firms have modified their ratings and price targets on shares of Lucid Group (NASDAQ: LCID) recently:

• 2/27/2025 – Lucid Group had its price target lowered by analysts at Stifel Nicolaus from $3.50 to $3.00. They now have a “hold” rating on the stock.
• 2/26/2025 – Lucid Group was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $1.00 price target on the stock, down previously from $3.00.
• 2/26/2025 – Lucid Group had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3.00 price target on the stock.
• 2/26/2025 – Lucid Group had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/24/2025 – Lucid Group was downgraded by analysts at Redburn Atlantic from a “neutral” rating to a “sell” rating. They now have a $1.13 price target on the stock, down previously from $3.50.
• 2/12/2025 – Lucid Group is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $5.00 price target on the stock.
• 1/7/2025 – Lucid Group had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3.00 price target on the stock.

Lucid Group Stock Performance

LCID traded down $0.01 during trading on Wednesday, hitting $2.10. The stock had a trading volume of 79,019,709 shares, compared to its average volume of 87,571,125. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. The firm has a market capitalization of $6.31 billion, a P/E ratio of -1.56 and a beta of 0.93. The company’s 50-day moving average price is $2.91 and its 200 day moving average price is $2.94. Lucid Group, Inc. has a twelve month low of $1.93 and a twelve month high of $4.43.

Hedge Funds Weigh In On Lucid Group

Several institutional investors have recently bought and sold shares of LCID. Crumly & Associates Inc. acquired a new position in shares of Lucid Group during the 3rd quarter worth $38,000. Axim Planning & Wealth acquired a new position in shares of Lucid Group during the 3rd quarter worth $48,000. Caprock Group LLC grew its stake in shares of Lucid Group by 7.4% during the 3rd quarter. Caprock Group LLC now owns 189,961 shares of the company’s stock worth $671,000 after purchasing an additional 13,159 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Lucid Group by 84.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,096,667 shares of the company’s stock worth $17,991,000 after purchasing an additional 2,335,452 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Lucid Group by 2.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 263,401 shares of the company’s stock worth $930,000 after purchasing an additional 6,374 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

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.