After finishing at $1.76 in the prior trading day, Luminar Technologies Inc (NASDAQ: LAZR) closed at $1.70, down -3.68%. In other words, the price has decreased by -$0.0650 from its previous closing price. On the day, 22913744 shares were traded.
Ratios:
Our goal is to gain a better understanding of LAZR by taking a closer 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, Deutsche Bank on January 17, 2024, Downgraded its rating to Hold and sets its target price to $4 from $11 previously.
TD Cowen reiterated its Outperform rating for the stock on May 10, 2023, while the target price for the stock was revised from $12 to $10.
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:
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 708.77M and an Enterprise Value of 1.08B. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.28. Its current Enterprise Value per Revenue stands at 15.47 whereas that against EBITDA is -2.06.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $8.73, while it has fallen to a 52-week low of $1.73. The 50-Day Moving Average of the stock is 2.5273, while the 200-Day Moving Average is calculated to be 4.3738.
Shares Statistics:
The stock has traded on average 7.88M shares per day over the past 3-months and 9.95M shares per day over the last 10 days, according to various share statistics. A total of 322.74M shares are outstanding, with a floating share count of 273.36M. Insiders hold about 35.21% of the company’s shares, while institutions hold 30.46% stake in the company. Shares short for LAZR as of Feb 29, 2024 were 85.61M with a Short Ratio of 10.86, compared to 79.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.29% and a Short% of Float of 27.14%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.32, while EPS last year was -$0.24. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.17 and low estimates of -$0.33.
Analysts are recommending an EPS of between -$0.62 and -$0.73 for the fiscal current year, implying an average EPS of -$0.66. EPS for the following year is -$0.53, with 7 analysts recommending between -$0.4 and -$0.64.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for LAZR’s current fiscal year. The highest revenue estimate was $132.4M, while the lowest revenue estimate was $110M, resulting in an average revenue estimate of $115.22M. In the same quarter a year ago, actual revenue was $69.78M, up 65.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $283.03M in the next fiscal year. The high estimate is $356.6M and the low estimate is $229.01M. The average revenue growth estimate for next year is up 145.60% from the average revenue estimate for this year.
