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The price of Luminar Technologies Inc (NASDAQ: LAZR) closed at $0.86 in the last session, down -11.74% from day before closing price of $0.98. In other words, the price has decreased by -$11.74 from its previous closing price. On the day, 65.11 million shares were traded. LAZR stock price reached its highest trading level at $0.8892 during the session, while it also had its lowest trading level at $0.82.
Ratios:
We take a closer look at LAZR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.81 and its Current Ratio is at 3.01.
On April 10, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $3.50 to $1.20.
Deutsche Bank Downgraded its Buy to Hold on January 17, 2024, whereas the target price for the stock was revised from $11 to $4.
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 496075520 and an Enterprise Value of 855197056. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.55. Its current Enterprise Value per Revenue stands at 11.399 whereas that against EBITDA is -1.827.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $3.69, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is 0.16%, while the 200-Day Moving Average is calculated to be -40.80%.
Shares Statistics:
According to the various share statistics, LAZR traded on average about 30.72M shares per day over the past 3-months and 33228890 shares per day over the past 10 days. A total of 506.20M shares are outstanding, with a floating share count of 391.51M. Insiders hold about 22.66% of the company’s shares, while institutions hold 29.60% stake in the company. Shares short for LAZR as of 1730332800 were 113672570 with a Short Ratio of 3.70, compared to 1727654400 on 97225715. Therefore, it implies a Short% of Shares Outstanding of 113672570 and a Short% of Float of 28.810000000000002.
