In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The closing price of Luminar Technologies Inc (NASDAQ: LAZR) was $8.84 for the day, up 4.25% from the previous closing price of $8.48. In other words, the price has increased by $4.25 from its previous closing price. On the day, 10.6 million shares were traded. LAZR stock price reached its highest trading level at $10.4 during the session, while it also had its lowest trading level at $8.55.
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 2.60 and its Current Ratio is at 3.00.
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 294337536 and an Enterprise Value of 4628125696. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.92. Its current Enterprise Value per Revenue stands at 61.688 whereas that against EBITDA is -9.886.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $53.47, while it has fallen to a 52-week low of $4.93. The 50-Day Moving Average of the stock is -7.81%, while the 200-Day Moving Average is calculated to be -49.36%.
Shares Statistics:
LAZR traded an average of 2.82M shares per day over the past three months and 3787610 shares per day over the past ten days. A total of 33.30M shares are outstanding, with a floating share count of 26.03M. Insiders hold about 16.70% of the company’s shares, while institutions hold 24.70% stake in the company. Shares short for LAZR as of 1734048000 were 7397512 with a Short Ratio of 2.62, compared to 1731628800 on 6689198. Therefore, it implies a Short% of Shares Outstanding of 7397512 and a Short% of Float of 28.610000000000003.
