Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Luminar Technologies Inc (NASDAQ: LAZR) was $3.03 for the day, up 6.69% from the previous closing price of $2.84. In other words, the price has increased by $6.69 from its previous closing price. On the day, 3.88 million shares were traded. LAZR stock price reached its highest trading level at $3.0799 during the session, while it also had its lowest trading level at $2.86.
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 2.59 and its Current Ratio is at 2.83.
BofA Securities Downgraded its Neutral to Underperform on April 10, 2024, whereas the target price for the stock was revised from $3.50 to $1.20.
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 150158928 and an Enterprise Value of 514631232. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05. Its current Enterprise Value per Revenue stands at 7.02 whereas that against EBITDA is -1.498.
Stock Price History:
The Beta on a monthly basis for LAZR is 1.96, which has changed by -0.86925566 over the last 52 weeks, in comparison to a change of 0.12677538 over the same period for the S&P500. Over the past 52 weeks, LAZR has reached a high of $32.70, while it has fallen to a 52-week low of $2.52. The 50-Day Moving Average of the stock is -14.99%, while the 200-Day Moving Average is calculated to be -57.45%.
Shares Statistics:
LAZR traded an average of 2.36M shares per day over the past three months and 3083830 shares per day over the past ten days. A total of 49.56M shares are outstanding, with a floating share count of 43.53M. Insiders hold about 12.08% of the company’s shares, while institutions hold 22.60% stake in the company. Shares short for LAZR as of 1749772800 were 9995843 with a Short Ratio of 4.24, compared to 1747267200 on 8610263. Therefore, it implies a Short% of Shares Outstanding of 9995843 and a Short% of Float of 22.649999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
