Currently, there are 493.76M common shares owned by the public and among those 353.07M shares have been available to trade.
The company’s stock has a 5-day price change of -1.96% and -34.21% over the past three months. LAZR shares are trading -70.33% year to date (YTD), with the 12-month market performance down to -82.79% lower. It has a 12-month low price of $0.79 and touched a high of $6.23 over the same period. LAZR has an average intraday trading volume of 10.17 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 -15.74%, -30.17%, and -51.74% respectively.
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Institutional ownership of Luminar Technologies Inc (NASDAQ: LAZR) shares accounts for 25.16% of the company’s 493.76M shares outstanding.
It has a market capitalization of $493.76M and a beta (3y monthly) value of 1.64. The earnings-per-share (ttm) stands at -$1.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.04% over the week and 10.99% over the month.
Earnings per share for the fiscal year are expected to increase by 20.07%, and 23.68% over the next financial year. EPS should grow at an annualized rate of 34.00% 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.
