Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting 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
Luminar Technologies Inc (NASDAQ: LAZR) closed the day trading at $8.95 down -17.59% from the previous closing price of $10.86. In other words, the price has decreased by -$17.59 from its previous closing price. On the day, 5.36 million shares were traded. LAZR stock price reached its highest trading level at $10.89 during the session, while it also had its lowest trading level at $8.8.
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 298000096 and an Enterprise Value of 4680927232. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.97. Its current Enterprise Value per Revenue stands at 62.392 whereas that against EBITDA is -9.999.
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 $9.51. The 50-Day Moving Average of the stock is -30.46%, while the 200-Day Moving Average is calculated to be -57.93%.
Shares Statistics:
Over the past 3-months, LAZR traded about 2.25M shares per day on average, while over the past 10 days, LAZR traded about 3216997 shares per day. A total of 33.30M shares are outstanding, with a floating share count of 25.86M. Insiders hold about 22.20% of the company’s shares, while institutions hold 26.50% stake in the company. Shares short for LAZR as of 1730332800 were 7578171 with a Short Ratio of 3.37, compared to 1727654400 on 6481714. Therefore, it implies a Short% of Shares Outstanding of 7578171 and a Short% of Float of 29.310000000000002.
