In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Luminar Technologies Inc (NASDAQ: LAZR) closed at $3.95 in the last session, up 0.25% from day before closing price of $3.94. In other words, the price has increased by $0.25 from its previous closing price. On the day, 1.09 million shares were traded. LAZR stock price reached its highest trading level at $4.1 during the session, while it also had its lowest trading level at $3.93.
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 3.80 and its Current Ratio is at 4.05.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 179281808 and an Enterprise Value of 519418336. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.22. Its current Enterprise Value per Revenue stands at 6.889 whereas that against EBITDA is -1.32.
Stock Price History:
The Beta on a monthly basis for LAZR is 2.07, which has changed by -0.8423154 over the last 52 weeks, in comparison to a change of 0.09765589 over the same period for the S&P500. Over the past 52 weeks, LAZR has reached a high of $34.80, while it has fallen to a 52-week low of $3.30. The 50-Day Moving Average of the stock is -20.97%, while the 200-Day Moving Average is calculated to be -60.93%.
Shares Statistics:
According to the various share statistics, LAZR traded on average about 2.40M shares per day over the past 3-months and 1522180 shares per day over the past 10 days. A total of 42.39M shares are outstanding, with a floating share count of 38.96M. Insiders hold about 14.88% of the company’s shares, while institutions hold 27.02% stake in the company. Shares short for LAZR as of 1744675200 were 9135054 with a Short Ratio of 3.81, compared to 1741910400 on 7083251. Therefore, it implies a Short% of Shares Outstanding of 9135054 and a Short% of Float of 22.870001000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
