For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Luminar Technologies Inc (NASDAQ: LAZR) closed the day trading at $6.01 down -2.20% from the previous closing price of $6.15. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 2.71 million shares were traded. LAZR stock price reached its highest trading level at $6.08 during the session, while it also had its lowest trading level at $5.6.
Ratios:
For a better understanding of LAZR, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 254971040 and an Enterprise Value of 606952000. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.38. Its current Enterprise Value per Revenue stands at 8.05 whereas that against EBITDA is -1.543.
Stock Price History:
The Beta on a monthly basis for LAZR is 1.84, which has changed by -0.80904764 over the last 52 weeks, in comparison to a change of 0.06429911 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 3.08%, while the 200-Day Moving Average is calculated to be -51.42%.
Shares Statistics:
Over the past 3-months, LAZR traded about 2.83M shares per day on average, while over the past 10 days, LAZR traded about 6190150 shares per day. A total of 36.60M shares are outstanding, with a floating share count of 36.08M. Insiders hold about 14.88% of the company’s shares, while institutions hold 30.17% stake in the company. Shares short for LAZR as of 1741910400 were 7083251 with a Short Ratio of 2.50, 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
