Luminar Technologies Inc (LAZR) concluded trading on Wednesday at a closing price of $7.47, with 4.37 million shares of worth about $32.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -76.84% during that period and on January 15, 2025 the price saw a gain of about 25.55%. Currently the company’s common shares owned by public are about 33.30M shares, out of which, 26.03M shares are available for trading.
Stock saw a price change of -15.50% in past 5 days and over the past one month there was a price change of 7.79%. Year-to-date (YTD), LAZR shares are showing a performance of 38.85% which decreased to -80.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.93 but also hit the highest price of $45.67 during that period. The average intraday trading volume for Luminar Technologies Inc shares is 2.94 million. The stock is currently trading 17.93% above its 20-day simple moving average (SMA20), while that difference is down -17.13% for SMA50 and it goes to -55.99% lower than SMA200.
Luminar Technologies Inc (NASDAQ: LAZR) currently have 33.30M outstanding shares and institutions hold larger chunk of about 24.80% of that.
The stock has a current market capitalization of $248.72M and its 3Y-monthly beta is at 1.59. It has posted earnings per share of -$17.75 in the same period. It has Quick Ratio of 2.60. 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 15.51% while standing at 13.82% over the month.
Analysts are in expectations that Luminar Technologies Inc (LAZR) stock would likely to be making an EPS of -0.15 in the current quarter, while forecast for next quarter EPS is -0.15 and it is -0.49 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.17 which is -0.12 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 -3.0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.40% while it is estimated to increase by 25.37% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 34.30% made by the stock over the past 5-years.
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 September 10, 2024 offering a Hold rating for the stock and assigned a target price of $1 to it. Coverage by BofA Securities stated Luminar Technologies Inc (LAZR) stock as an Underperform in their note to investors on April 10, 2024, suggesting a price target of $1.20 for the stock. On January 17, 2024, Deutsche Bank Downgrade their recommendations, while on September 26, 2023, BofA Securities Resumed their ratings for the stock with a price target of $5. Stock get an Outperform rating from TD Cowen on May 10, 2023.
