Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Luminar Technologies Inc (NASDAQ: LAZR) was $1.65 for the day, down -1.20% from the previous closing price of $1.67. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 10.13 million shares were traded. LAZR stock price reached its highest trading level at $1.77 during the session, while it also had its lowest trading level at $1.64.
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 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:
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 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 735193792 and an Enterprise Value of 1066953280. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.54. Its current Enterprise Value per Revenue stands at 15.29 whereas that against EBITDA is -2.012.
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 $1.21. The 50-Day Moving Average of the stock is -7.05%, while the 200-Day Moving Average is calculated to be -52.17%.
Shares Statistics:
LAZR traded an average of 7.89M shares per day over the past three months and 6803430 shares per day over the past ten days. A total of 322.74M shares are outstanding, with a floating share count of 296.68M. Insiders hold about 33.42% of the company’s shares, while institutions hold 27.78% stake in the company. Shares short for LAZR as of 1713139200 were 85250791 with a Short Ratio of 10.81, compared to 1710460800 on 83787856. Therefore, it implies a Short% of Shares Outstanding of 85250791 and a Short% of Float of 25.5.
