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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Luminar Technologies Inc (NASDAQ: LAZR) closed at $2.15 in the last session, up 9.41% from day before closing price of $1.97. In other words, the price has increased by $9.41 from its previous closing price. On the day, 10.32 million shares were traded. LAZR stock price reached its highest trading level at $2.175 during the session, while it also had its lowest trading level at $1.94.
Ratios:
We take a closer look at LAZR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.18 and its Current Ratio is at 3.38.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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.
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 873422528 and an Enterprise Value of 1405692032. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.57. Its current Enterprise Value per Revenue stands at 18.438 whereas that against EBITDA is -2.761.
Stock Price History:
The Beta on a monthly basis for LAZR is 1.66, which has changed by -0.7225807 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, LAZR has reached a high of $8.01, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is 35.39%, while the 200-Day Moving Average is calculated to be -11.50%.
Shares Statistics:
According to the various share statistics, LAZR traded on average about 8.33M shares per day over the past 3-months and 7079260 shares per day over the past 10 days. A total of 322.74M shares are outstanding, with a floating share count of 310.02M. Insiders hold about 30.43% of the company’s shares, while institutions hold 26.93% stake in the company. Shares short for LAZR as of 1719532800 were 81880373 with a Short Ratio of 9.83, compared to 1717113600 on 83828366. Therefore, it implies a Short% of Shares Outstanding of 81880373 and a Short% of Float of 24.490000000000002.
