Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Luminar Technologies Inc (NASDAQ: LAZR) was $6.43 for the day, up 0.31% from the previous closing price of $6.41. In other words, the price has increased by $0.31 from its previous closing price. On the day, 4.03 million shares were traded. LAZR stock price reached its highest trading level at $6.51 during the session, while it also had its lowest trading level at $6.06.
Ratios:
Our analysis of LAZR’s different ratios will help us gain a deeper understanding of the company. 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.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 272562560 and an Enterprise Value of 577164992. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85. Its current Enterprise Value per Revenue stands at 7.655 whereas that against EBITDA is -1.484.
Stock Price History:
The Beta on a monthly basis for LAZR is 1.86, which has changed by -0.759176 over the last 52 weeks, in comparison to a change of 0.10063088 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 $4.47. The 50-Day Moving Average of the stock is 9.29%, while the 200-Day Moving Average is calculated to be -49.03%.
Shares Statistics:
LAZR traded an average of 2.70M shares per day over the past three months and 4604980 shares per day over the past ten days. A total of 26.72M shares are outstanding, with a floating share count of 25.80M. Insiders hold about 79.18% of the company’s shares, while institutions hold 10.32% stake in the company. Shares short for LAZR as of 1741910400 were 7083251 with a Short Ratio of 2.83, compared to 1739491200 on 7354306. Therefore, it implies a Short% of Shares Outstanding of 7083251 and a Short% of Float of 19.379999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
