Lucid Group Coverage Launched by TD Cowen

On March 9, 2025, research analysts at TD Cowen initiated coverage of Lucid Group, Inc. (NASDAQ:LCID) in a recent research report. They assigned a "hold" rating for the stock, along with a price target of $2.30. This target indicates a possible upside of 6.98% based on the stock's current trading price.

Lucid Group has also been discussed in various other research notes recently. Notably, on November 11, R. F. Lafferty upgraded its rating for Lucid Group shares from "hold" to "buy," setting a price target of $4.00. However, on November 19, the Royal Bank of Canada reduced its price target from $3.00 to $2.00 while maintaining a "sector perform" rating.

In a separate note, Bank of America downgraded Lucid Group from a "neutral" to an "underperform" rating and cut their price target from $3.00 to $1.00 on February 26. Additionally, Redburn Atlantic lowered their rating from "neutral" to "sell" and set a reduced target of $1.13. Stifel Nicolaus also adjusted their target price from $3.50 to $3.00, maintaining a "hold" rating.

Currently, three equity research analysts have given Lucid Group a "sell" rating, seven have rated it as "hold," and two have rated it as "buy". The overall consensus rating for the company stands at "Hold" with an average price target of $2.69 according to MarketBeat.

Lucid Group Trading Performance

As of Friday, shares of Lucid Group opened at $2.15. The company's fifty-day simple moving average is $2.85, while its 200-day simple moving average is $2.92. Lucid Group has a market capitalization of approximately $6.48 billion, with a price-to-earnings (P/E) ratio of -1.60 and a beta of 0.97. Over the past year, the stock has hit a low of $1.93 and a high of $4.43, while maintaining a debt-to-equity ratio of 0.77, a current ratio of 3.71, and a quick ratio of 3.26.

Institutional Investment Activity

Recently, several institutional investors and hedge funds have engaged in buying and selling shares of LCID. Newbridge Financial Services Group Inc. established a new position in Lucid Group valued at around $28,000 in the fourth quarter. Similarly, Accredited Investors Inc. acquired shares worth approximately $30,000, along with Proficio Capital Partners LLC and DRW Securities LLC, each investing about $31,000. Lastly, First National Corp MA ADV also bought shares valued at approximately $32,000. Currently, institutional investors hold about 75.17% of the stock.

Overview of Lucid Group

Lucid Group, Inc. is an innovative technology company focused on the design, engineering, manufacturing, and sale of electric vehicles (EVs), EV powertrains, and battery systems. In addition to its hardware, the company develops proprietary software for its vehicles. Lucid sells its products directly to consumers via its retail network and online sales, including its financing services.

For up-to-date analyses and news pertaining to Lucid Group, staying informed through reliable financial platforms can be beneficial.

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