Luminar Technologies Inc (LAZR) concluded trading on Wednesday at a closing price of $2.40, with 6.09 million shares of worth about $14.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -58.69% during that period and on Wednesday the price saw a loss of about -5.51%. Currently the company’s common shares owned by public are about 270.08M shares, out of which, 256.52M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 3,847,194 shares in 17 of the transactions. In 6 selling transactions, insiders dumped 172,332 shares.
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Stock saw a price change of -5.14% in past 5 days and over the past one month there was a price change of 2.13%. Year-to-date (YTD), LAZR shares are showing a performance of -28.78% which decreased to -64.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.09 but also hit the highest price of $10.55 during that period. The average intraday trading volume for Luminar Technologies Inc shares is 7.75 million. The stock is currently trading -13.22% below its 20-day simple moving average (SMA20), while that difference is down -16.17% for SMA50 and it goes to -49.44% lower than SMA200.
Luminar Technologies Inc (NASDAQ: LAZR) currently have 270.08M outstanding shares and institutions hold larger chunk of about 31.92% of that.
The stock has a current market capitalization of $964.68M and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$1.50 in the same period. It has Quick Ratio of 4.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LAZR, volatility over the week remained 6.42% while standing at 7.84% over the month.
Analysts are in expectations that Luminar Technologies Inc (LAZR) stock would likely to be making an EPS of -$0.19 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.62 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is -$0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.44% while it is estimated to increase by 24.04% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 17, 2024 offering a Hold rating for the stock and assigned a target price range of between $11 and $4 to it. Coverage by BofA Securities stated Luminar Technologies Inc (LAZR) stock as a Neutral in their note to investors on September 26, 2023, suggesting a price target of $5 for the stock. On May 10, 2023, TD Cowen Reiterated their recommendations, while on April 25, 2023, Jefferies Initiated their ratings for the stock with a price target of $12. Stock get a Sell rating from Goldman on March 22, 2023.
