Luminar Technologies Inc (NASDAQ: LAZR) closed the day trading at $1.30 down -9.72% from the previous closing price of $1.44. On the day, 15218697 shares were traded.
Ratios:
For a better understanding of LAZR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.00 and its Current Ratio is at 4.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on April 10, 2024, Downgraded its rating to Underperform and sets its target price to $1.20 from $3.50 previously.
On January 17, 2024, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation 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 Sep 06 ’23 when Prescott Alan sold 42,171 shares for $5.57 per share. The transaction valued at 234,682 led to the insider holds 1,467,282 shares of the business.
Fennimore Thomas sold 18,305 shares of LAZR for $101,867 on Sep 06 ’23. The Chief Financial Officer now owns 692,699 shares after completing the transaction at $5.57 per share. On Jun 05 ’23, another insider, Prescott Alan, who serves as the Chief Legal Officer of the company, sold 37,433 shares for $7.21 each. As a result, the insider received 269,866 and left with 1,509,453 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 7.86.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $8.32, while it has fallen to a 52-week low of $1.24.
Shares Statistics:
A total of 322.74M shares are outstanding, with a floating share count of 276.51M. Insiders hold about 34.46% of the company’s shares, while institutions hold 30.45% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Luminar Technologies, Inc. analysts. The consensus estimate for the next quarter is $111.67, with high estimates of $38.37 and low estimates of $10.51.
Analysts are recommending an EPS of between $Financial Services and $Real Estate for the fiscal current year, implying an average EPS of $Real Estate.
