The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Luminar Technologies Inc (NASDAQ: LAZR) closed at $1.94 down -7.62% from its previous closing price of $2.1. In other words, the price has decreased by -$7.62 from its previous closing price. On the day, 8.88 million shares were traded. LAZR stock price reached its highest trading level at $2.25 during the session, while it also had its lowest trading level at $1.91.
Ratios:
For a deeper understanding of Luminar Technologies Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.13 and its Current Ratio is at 2.42.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 133403048 and an Enterprise Value of 501639040. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84. Its current Enterprise Value per Revenue stands at 6.92 whereas that against EBITDA is -1.912.
Stock Price History:
The Beta on a monthly basis for LAZR is 2.05, which has changed by -0.8443642 over the last 52 weeks, in comparison to a change of 0.118204355 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 -9.07%, while the 200-Day Moving Average is calculated to be -51.79%.
Shares Statistics:
For the past three months, LAZR has traded an average of 4.80M shares per day and 7400100 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 19.32% stake in the company. Shares short for LAZR as of 1759190400 were 12925860 with a Short Ratio of 2.69, compared to 1756425600 on 11943999. Therefore, it implies a Short% of Shares Outstanding of 12925860 and a Short% of Float of 20.4.
Earnings Estimates
Current recommendations for the stock of the company come from 4.0 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
A total of 4 analysts believe the company’s revenue will be $17.56M this quarter.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.
