INTU, LCID, ELF Stocks Slide To 52-Week Lows: Here’s Why

• INTU shares declined to a 52-week low of $302.36 after the company reported a challenging third quarter and announced significant layoffs.
• LCID shares slipped to $5.55 as widening losses, cash burn, and the suspension of 2026 production guidance weighed on investor sentiment. 
• ELF stock slipped to $49.72 on Thursday after it garnered a barrage of price target cuts from Wall Street analysts following its Q4 results.

Intuit Inc. (INTU), Lucid Group Inc. (LCID), and e.l.f. Beauty Inc. (ELF) slipped to fresh 52-week lows on Thursday as broader market weakness, Wall Street price target cuts, and growth concerns weighed.

While LCID and ELF shares pared some losses to close higher, INTU ended the session about 20% lower.

Intuit Garners Price Target Cuts On Weak Q3 Results

Shares of the financial software company slid the most in over two decades, clocking a 52-week low of $302.36 after it reported a challenging third quarter and announced significant layoffs.

While the company beat Wall Street expectations with a revenue of $8.56 billion for the quarter, the slowed pace of growth weighed on its share price. The company also said that it would slash 17% of its workforce, with restructuring costs of up to $340 million to be booked largely in the fourth quarter. Intuit also garnered significant price target cuts from multiple brokerages after its weak results.

INTU shares have slumped more than 50% this year. Despite the decline, retail sentiment on Stocktwits remained in the ‘extremely bullish’ territory.

Lucid Slumps Amid Financial Concerns

Shares of the luxury EV maker slipped to a fresh yearly low of $5.55 as widening losses, persistent cash burn, and the suspension of production guidance continued to weigh on investor sentiment.

For the latest quarter, the company reported a wide net loss of $1.03 billion, despite an improvement in revenue. The company also suspended its annual production guidance after a challenging quarter and supplier issues. Lucid had previously aimed to manufacture 25,000 to 27,000 vehicles in 2026.

On Stocktwits, retail sentiment around the stock was in the ‘extremely bearish’ territory. LCID stock has slumped more than 47% this year.

e.l.f. Beauty Struggles With Slowing Growth

Shares of the cosmetics brand slipped to a fresh 52-week low of $49.72 on Thursday, but pared losses to close up nearly 5% higher. e.l.f. Beauty saw a barrage of price target cuts from Wall Street analysts following its fourth-quarter (Q4) results, which failed to boost sentiment, with many noting that the results signaled slowing growth for the brand.

The company’s namesake brand has been struggling in a highly saturated market, with flat-to-minimal growth, and fiscal year 2027 guidance reflects the challenge.

Retail sentiment on ELF shares remains ‘extremely bullish’ on Stocktwits, even as the shares have declined more than 30% this year.

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