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As of close of business last night, Luminar Technologies Inc’s stock clocked out at $2.21, up 7.80% from its previous closing price of $2.05. In other words, the price has increased by $7.80 from its previous closing price. On the day, 10.99 million shares were traded. LAZR stock price reached its highest trading level at $2.47 during the session, while it also had its lowest trading level at $2.06.
BofA Securities Downgraded its Neutral to Underperform on April 10, 2024, whereas the target price for the stock was revised from $3.50 to $1.20.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 23 ’24 when Heng Jun Hong sold 72,842 shares for $5.10 per share. The transaction valued at 371,254 led to the insider holds 0 shares of the business.
Jun Hong Heng bought 72,842 shares of LAZR for $385,334 on Dec 23 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAZR now has a Market Capitalization of 141201056 and an Enterprise Value of 520205440. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10. Its current Enterprise Value per Revenue stands at 7.176 whereas that against EBITDA is -1.983.
Stock Price History:
The Beta on a monthly basis for LAZR is 2.05, which has changed by -0.8294753 over the last 52 weeks, in comparison to a change of 0.16845357 over the same period for the S&P500. Over the past 52 weeks, LAZR has reached a high of $18.60, while it has fallen to a 52-week low of $1.58. The 50-Day Moving Average of the stock is 1.63%, while the 200-Day Moving Average is calculated to be -45.54%.
Shares Statistics:
It appears that LAZR traded 4.63M shares on average per day over the past three months and 6485160 shares per day over the past ten days. A total of 68.76M shares are outstanding, with a floating share count of 57.26M. Insiders hold about 16.73% of the company’s shares, while institutions hold 19.33% stake in the company. Shares short for LAZR as of 1757894400 were 13262193 with a Short Ratio of 2.86, compared to 1755216000 on 11120636. Therefore, it implies a Short% of Shares Outstanding of 13262193 and a Short% of Float of 20.94.
Earnings Estimates
Its stock is currently analyzed by 4.0 different market analysts. The consensus estimate for the next quarter is -$0.78, with high estimates of -$0.56 and low estimates of -$0.97.
Analysts are recommending an EPS of between -$3.99 and -$5.01 for the fiscal current year, implying an average EPS of -$4.46. EPS for the following year is -$2.37, with 4.0 analysts recommending between -$1.19 and -$4.06.
Revenue Estimates
In. The current quarter, 4 analysts expect revenue to total $17.56M. It ranges from a high estimate of $18.85M to a low estimate of $16M. As of. The current estimate, Luminar Technologies Inc’s year-ago sales were $15.49MFor the next quarter, 4 analysts are estimating revenue of $18.12M. There is a high estimate of $19M for the next quarter, whereas the lowest estimate is $16.67M.
A total of 4 analysts have provided revenue estimates for LAZR’s current fiscal year. The highest revenue estimate was $70.8M, while the lowest revenue estimate was $69.78M, resulting in an average revenue estimate of $70.28M. In the same quarter a year ago, actual revenue was $75.39MBased on 4 analysts’ estimates, the company’s revenue will be $79.16M in the next fiscal year. The high estimate is $89.96M and the low estimate is $72.1M.
