Lucid Group (LCID) Shares Slide Despite Record-Breaking Winter Performance, Analyst Optimism

Lucid Group Inc (NASDAQ:LCID) shares are trading lower Monday, even as the company secures a major victory in real-world testing and outlines key growth milestones for 2026.

Here is what investors need to know about the EV maker’s recent performance and upcoming catalysts.

• Lucid Group stock is under selling pressure. Why is LCID stock trading lower?

“King of Range”: Lucid Dominates NAF Winter Test

Last week, Lucid announced that the Lucid Air Grand Touring achieved the longest range in the 2026 Norges Automobil-Forbund Winter Test, known as “El Prix.” Driven in extreme conditions with temperatures dropping to -31°C, the vehicle covered 520 kilometers on a single charge, nearly 100km more than its closest competitor, which managed 421km.

“I believe it’s fair to say that the Lucid Air Grand Touring is the king of range even under extreme winter conditions,” stated Lawrence Hamilton, Lucid's President of Europe.

This victory reinforces Lucid's technological lead, with its proprietary powertrain delivering a WLTP range of up to 960km and efficiency of 13.5 kWh/100km.

Investor Day Set For March 12

Looking ahead, Lucid confirmed it will host an Investor Day on March 12 to provide a comprehensive update on its strategic roadmap. Leadership will focus on the upcoming midsize vehicle program, software advancements and the path to improved financial performance.

The event will also include a preview of the next-generation vehicle architecture, a critical component of Lucid’s plan to scale volume.

Wall Street & Middle East Backing Provide Potential Floor

Monday’s pullback comes against a backdrop of reinforced support established earlier in January. Cantor Fitzgerald recently reiterated its Neutral rating but maintained a $21.00 price target, implying nearly 90% upside from current levels. The firm cited the upcoming midsize platform launch in late 2026 as a pivotal catalyst for the company.

Furthermore, Lucid continues to benefit from its strategic relationship with Saudi Arabia's Public Investment Fund (PIF). In January, the company deepened its manufacturing footprint in the Kingdom through a partnership with Rockwell Automation, a move designed to de-risk production at its AMP-2 facility and solidify the long-term supply chain supported by its majority shareholder.

Bearish Trends: Is Lucid Group In Trouble?

Lucid Group is currently trading 4.83% below its 20-day simple moving average (SMA) and 10% below its 50-day SMA, indicating a bearish trend. Shares have decreased by 62.09% over the past 12 months and are positioned closer to their 52-week lows than highs.

The RSI is at 47.47, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum for the stock.

• Key Resistance: $12.00
• Key Support: $9.50

Lucid’s Business Model

Lucid Group is a technology and automotive company that develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales.

The company’s focus on in-house hardware and software innovation has led to the development of the Lucid Air, a luxury sedan that redefines both the luxury car segment and the EV space. With significant backing from the Saudi PIF, Lucid’s future prospects hinge on its ability to execute its ambitious plans in the competitive EV market.

Earnings Expectations: A Deeper Dive

Investors are looking ahead to the next earnings report on Feb. 24.

• EPS Estimate: $-2.57 (Down from $-2.20 YoY)
• Revenue Estimate: $468.45 million (Up from $234.47 million YoY)

Analyst Consensus: The stock carries a Hold Rating with an average price target of $25.70.

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Lucid Group, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Bearish (Score: 1.47) — The stock is showing very weak performance indicators.

The Verdict: Lucid Group’s Benzinga Edge signal reveals a challenging position as the stock struggles with momentum. While the recent backing from the PIF provides some stability, the low momentum score indicates that investors should proceed with caution.

LCID Shares Slide Monday Morning

LCID Price Action: Lucid Group shares were down 2.62% at $10.78 at the time of publication on Monday, according to Benzinga Pro data.

Image: Courtesy of Lucid