Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Luminar Technologies Inc (NASDAQ: LAZR) closed at $0.82 down -8.87% from its previous closing price of $0.90. In other words, the price has decreased by -$8.87 from its previous closing price. On the day, 30.86 million shares were traded. LAZR stock price reached its highest trading level at $0.9093 during the session, while it also had its lowest trading level at $0.801.
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 3.10 and its Current Ratio is at 3.32.
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 415033376 and an Enterprise Value of 908133248. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.43. Its current Enterprise Value per Revenue stands at 11.872 whereas that against EBITDA is -1.873.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $4.57, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -23.66%, while the 200-Day Moving Average is calculated to be -55.06%.
Shares Statistics:
For the past three months, LAZR has traded an average of 18.01M shares per day and 34262830 over the past ten days. A total of 506.20M shares are outstanding, with a floating share count of 390.65M. Insiders hold about 22.83% of the company’s shares, while institutions hold 24.54% stake in the company. Shares short for LAZR as of 1726185600 were 98631347 with a Short Ratio of 5.48, compared to 1723680000 on 90759866. Therefore, it implies a Short% of Shares Outstanding of 98631347 and a Short% of Float of 25.0.
