Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Luminar Technologies Inc (NASDAQ: LAZR) closed the day trading at $5.30 down -3.46% from the previous closing price of $5.49. In other words, the price has decreased by -$3.46 from its previous closing price. On the day, 2.65 million shares were traded. LAZR stock price reached its highest trading level at $5.55 during the session, while it also had its lowest trading level at $5.22.
Ratios:
For a better understanding of LAZR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.60 and its Current Ratio is at 3.00.
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.
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 176469344 and an Enterprise Value of 2928867840. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35. Its current Enterprise Value per Revenue stands at 39.039 whereas that against EBITDA is -6.256.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $55.35, while it has fallen to a 52-week low of $5.39. The 50-Day Moving Average of the stock is -50.97%, while the 200-Day Moving Average is calculated to be -71.38%.
Shares Statistics:
Over the past 3-months, LAZR traded about 2.57M shares per day on average, while over the past 10 days, LAZR traded about 2553370 shares per day. A total of 33.30M shares are outstanding, with a floating share count of 25.72M. Insiders hold about 22.60% of the company’s shares, while institutions hold 24.70% stake in the company. Shares short for LAZR as of 1732838400 were 7740802 with a Short Ratio of 3.02, compared to 1730332800 on 7578171. Therefore, it implies a Short% of Shares Outstanding of 7740802 and a Short% of Float of 29.94.
