Analyzing Luminar Technologies Inc. (LAZR)’s financial ratios for investment purposes


As of close of business last night, Luminar Technologies Inc.’s stock clocked out at $4.96, down -2.94% from its previous closing price of $5.11. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 4051012 shares were traded. LAZR stock price reached its highest trading level at $5.1980 during the session, while it also had its lowest trading level at $4.9400.

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To gain a deeper understanding of LAZR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.40 and its Current Ratio is at 4.60.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 10, 2023, Reiterated its Outperform rating but revised its target price to $10 from $12 previously.

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 Sep 06 when Prescott Alan sold 42,171 shares for $5.57 per share. The transaction valued at 234,682 led to the insider holds 1,467,282 shares of the business.

Fennimore Thomas sold 18,305 shares of LAZR for $101,867 on Sep 06. The Chief Financial Officer now owns 692,699 shares after completing the transaction at $5.57 per share. On Jun 05, another insider, Prescott Alan, who serves as the Chief Legal Officer of the company, sold 37,433 shares for $7.21 each. As a result, the insider received 269,866 and left with 1,509,453 shares of the company.

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 1.94B and an Enterprise Value of 2.21B. For the stock, the TTM Price-to-Sale (P/S) ratio is 35.46. Its current Enterprise Value per Revenue stands at 40.41 whereas that against EBITDA is -4.20.

Stock Price History:

Over the past 52 weeks, LAZR has reached a high of $10.55, while it has fallen to a 52-week low of $3.91. The 50-Day Moving Average of the stock is 6.3614, while the 200-Day Moving Average is calculated to be 6.5753.

Shares Statistics:

It appears that LAZR traded 6.14M shares on average per day over the past three months and 4.44M shares per day over the past ten days. A total of 382.43M shares are outstanding, with a floating share count of 261.02M. Insiders hold about 1.30% of the company’s shares, while institutions hold 56.40% stake in the company. Shares short for LAZR as of Aug 30, 2023 were 62.85M with a Short Ratio of 62.85M, compared to 69M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 16.10% and a Short% of Float of 22.13%.

Earnings Estimates

As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.2, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.14 and low estimates of -$0.19.

Analysts are recommending an EPS of between -$0.38 and -$0.84 for the fiscal current year, implying an average EPS of -$0.76. EPS for the following year is -$0.47, with 11 analysts recommending between -$0.09 and -$0.64.

Revenue Estimates

In the current quarter, 9 analysts expect revenue to total $19.55M. It ranges from a high estimate of $20M to a low estimate of $19M. As of the current estimate, Luminar Technologies Inc.’s year-ago sales were $9.11M, an estimated increase of 114.60% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $33.99M, an increase of 205.50% over than the figure of $114.60% in the same quarter last year. There is a high estimate of $40M for the next quarter, whereas the lowest estimate is $29.8M.

A total of 11 analysts have provided revenue estimates for LAZR’s current fiscal year. The highest revenue estimate was $91M, while the lowest revenue estimate was $80M, resulting in an average revenue estimate of $84.49M. In the same quarter a year ago, actual revenue was $40.7M, up 107.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $255.58M in the next fiscal year. The high estimate is $400M and the low estimate is $182.6M. The average revenue growth estimate for next year is up 202.50% from the average revenue estimate for this year.


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