Luminar Technologies Inc (NASDAQ: LAZR): Stock That Needs Special Handling

Currently, there are 270.08M common shares owned by the public and among those 256.52M shares have been available to trade.

Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 3,847,194 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 172,332 shares.

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However, the script later moved the day high at 2.9900, down -1.37%. The company’s stock has a 5-day price change of 10.60% and -8.31% over the past three months. LAZR shares are trading -14.84% year to date (YTD), with the 12-month market performance down to -55.02% lower. It has a 12-month low price of $2.09 and touched a high of $10.55 over the same period. LAZR has an average intraday trading volume of 0.91 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.58%, 0.81%, and -40.74% respectively.

Institutional ownership of Luminar Technologies Inc (NASDAQ: LAZR) shares accounts for 31.33% of the company’s 270.08M shares outstanding.

It has a market capitalization of $1.15B and a beta (3y monthly) value of 1.55. The earnings-per-share (ttm) stands at -$1.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.90% over the week and 8.58% over the month.

Analysts forecast that Luminar Technologies Inc (LAZR) will achieve an EPS of $Ladder Capital Corp for the current quarter, $10.64 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Lazard, Inc. while analysts give the company a high EPS estimate of $nLIGHT, Inc.. Comparatively, EPS for the current quarter was $Lamar Advertising Company a year ago. Earnings per share for the fiscal year are expected to decrease by -9.44%, and 24.04% over the next financial year.

Looking at the support for the LAZR, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on January 17, 2024, with the firm’s price target at $11-$4.

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