Currently, there are 322.74M common shares owned by the public and among those 276.51M shares have been available to trade.
The company’s stock has a 5-day price change of 12.31% and -50.68% over the past three months. LAZR shares are trading -56.68% year to date (YTD), with the 12-month market performance down to -75.13% lower. It has a 12-month low price of $1.21 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 -8.22%, -22.48%, and -59.69% respectively.
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Institutional ownership of Luminar Technologies Inc (NASDAQ: LAZR) shares accounts for 29.31% of the company’s 322.74M shares outstanding.
It has a market capitalization of $615.96M and a beta (3y monthly) value of 1.53. 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 12.14% over the week and 11.97% 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 -$0.49 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.31 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 20.43%, and 31.26% over the next financial year. EPS should grow at an annualized rate of 43.50% over the next five years, compared to -416.28% over the past 5-year period.
Looking at the support for the LAZR, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on April 10, 2024, with the firm’s price target at $3.50-$1.20. Deutsche Bank coverage for the Luminar Technologies Inc (LAZR) stock in a research note released on January 17, 2024 offered a Hold rating with a price target of $4. BofA Securities was of a view on September 26, 2023 that the stock is Neutral, while TD Cowen gave the stock Outperform rating on May 10, 2023, issuing a price target of $12- $10. Jefferies on their part issued Buy rating on April 25, 2023.
