Analyst Expect Big Moves From Luminar Technologies Inc (NASDAQ: LAZR)

Currently, there are 322.74M common shares owned by the public and among those 273.36M shares have been available to trade.

The company’s stock has a 5-day price change of 10.06% and -46.03% over the past three months. LAZR shares are trading -41.54% year to date (YTD), with the 12-month market performance down to -68.93% lower. It has a 12-month low price of $1.63 and touched a high of $8.32 over the same period. LAZR has an average intraday trading volume of 7.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.09%, -15.74%, and -52.78% respectively.

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Institutional ownership of Luminar Technologies Inc (NASDAQ: LAZR) shares accounts for 30.46% of the company’s 322.74M shares outstanding.

It has a market capitalization of $831.12M and a beta (3y monthly) value of 1.47. The earnings-per-share (ttm) stands at -$1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.74% over the week and 8.09% over the month.

Analysts forecast that Luminar Technologies Inc (LAZR) will achieve an EPS of -$0.2 for the current quarter, -$0.19 for the next quarter and -$0.52 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.32 while analysts give the company a high EPS estimate of -$0.18. Comparatively, EPS for the current quarter was -$0.24 a year ago. Earnings per share for the fiscal year are expected to increase by 18.98%, and 28.79% 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. BofA Securities coverage for the Luminar Technologies Inc (LAZR) stock in a research note released on September 26, 2023 offered a Neutral rating with a price target of $5. TD Cowen was of a view on May 10, 2023 that the stock is Outperform, while Jefferies gave the stock Buy rating on April 25, 2023, issuing a price target of $12. Goldman on their part issued Sell rating on March 22, 2023.

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