Currently, there are 26.72M common shares owned by the public and among those 25.80M shares have been available to trade.
The company’s stock has a 5-day price change of -0.16% and 13.05% over the past three months. LAZR shares are trading 19.14% year to date (YTD), with the 12-month market performance down to -76.13% lower. It has a 12-month low price of $4.47 and touched a high of $34.80 over the same period. LAZR has an average intraday trading volume of 2.57 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 15.04%, 8.59%, and -49.53% respectively.
Institutional ownership of Luminar Technologies Inc (NASDAQ: LAZR) shares accounts for 10.32% of the company’s 26.72M shares outstanding.
It has a market capitalization of $213.43M and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$13.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 21.03% over the week and 12.69% over the month.
Earnings per share for the fiscal year are expected to increase by 38.67%, and 42.91% over the next financial year. EPS should grow at an annualized rate of 45.67% over the next five years, compared to -406.53% over the past 5-year period.
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 September 10, 2024, with the firm’s price target at $1. BofA Securities coverage for the Luminar Technologies Inc (LAZR) stock in a research note released on April 10, 2024 offered a Underperform rating with a price target of $1.20. Deutsche Bank was of a view on January 17, 2024 that the stock is Hold, while BofA Securities gave the stock Neutral rating on September 26, 2023, issuing a price target of $5. TD Cowen on their part issued Outperform rating on May 10, 2023.
