SMX, LCID, FIG Shares Touched 52-Week Lows Last Week: What Dragged Them?

• Shares of SMX plummeted more than 40% at close due to a mix of dilution concerns and a reversal in momentum.
• LCID stock extended its declines for three days, closing about 0.32% lower amid delivery concerns, ongoing losses, and high production costs.
• FIG stock fell to a 52-week low of $16.69 on Friday as it came under pressure over concerns around emerging AI design tools, particularly from Anthropic.

SMX (Security Matters) PLC (SMX), Lucid Group Inc. (LCID), and Figma Inc. (FIG) hit fresh intraday lows on Friday as investors grew skeptical over execution, costs, and emerging competitive threats.

Shares of SMX plummeted more than 40% at the close, while LCID stock extended its declines to three days, closing about 0.32% lower. Meanwhile, FIG stock recovered some of the losses, closing 0.87% higher.

SMX Weighed Down By Dilution Concerns

SMX stock is on track for its fifth consecutive month of declines due to a mix of dilution concerns and a reversal in momentum. SMX stock fell to $1.65 on Friday, although shares recovered to $2.08 levels in Sunday’s overnight session.

Earlier this month, the company said in a filing with the U.S. Securities and Exchange Commission that it may carry out additional reverse stock splits at least till the end of 2026 to counter price pressure from conversions of notes and warrants. The company also warned investors that these actions could lead to other issues, including reduced liquidity, failure to sustain higher prices, and even potential delisting from Nasdaq. SMX shares have lost almost all their value in the past year.

On Stocktwits, retail sentiment around SMX stock was in the ‘neutral’ territory amid ‘high’ message volumes at the time of writing.

Lucid Fails To Rebound Despite New Capital, CEO Change

LCID stock is headed for its worst month since October 2024, slipping to record lows despite securing additional funding and announcing a new CEO.

LCID shares declined to a 52-week low of $6.17 on Friday, even as rival automaker Rivian is gaining amid reported production of its R2 SUV. Meanwhile, the company’s first-quarter deliveries also declined, coming in at 3,093, down from 3,109 units delivered in the corresponding quarter of 2025, on account of supply issues. Ongoing losses and high production costs have also weighed on the company.

LCID stock has declined more than 75% this year. Meanwhile, on Stocktwits, retail sentiment around the company has stayed in the ‘extremely bullish’ territory amid ‘extremely high’ message volumes.

Figma Hit By AI Concerns

FIG stock fell to a 52-week low of $16.69 in Friday’s intraday session before recovering to $17.47 at close. The design tool has been under pressure over concerns around emerging AI design tools, particularly from Anthropic, which investors speculate could disrupt its core workflow.

FIG stock has declined nearly 85% in the past year. Despite the steep drop, retail investors on Stocktwits remain ‘extremely bullish’ on the company’s shares ahead of its first-quarter (Q1) 2026 results, due in May.

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