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After finishing at $5.95 in the prior trading day, Luminar Technologies Inc (NASDAQ: LAZR) closed at $7.47, up 25.55%. In other words, the price has increased by $25.55 from its previous closing price. On the day, 4.37 million shares were traded. LAZR stock price reached its highest trading level at $7.73 during the session, while it also had its lowest trading level at $6.23.
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 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.
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 Dec 23 ’24 when Heng Jun Hong sold 72,842 shares for $5.10 per share. The transaction valued at 371,254 led to the insider holds 0 shares of the business.
Jun Hong Heng bought 72,842 shares of LAZR for $385,334 on Dec 23 ’24.
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 248721856 and an Enterprise Value of 3970503168. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32. Its current Enterprise Value per Revenue stands at 52.922 whereas that against EBITDA is -8.482.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $45.67, while it has fallen to a 52-week low of $4.93. The 50-Day Moving Average of the stock is -17.13%, while the 200-Day Moving Average is calculated to be -55.99%.
Shares Statistics:
The stock has traded on average 2.94M shares per day over the past 3-months and 4344240 shares per day over the last 10 days, according to various share statistics. A total of 33.30M shares are outstanding, with a floating share count of 26.03M. Insiders hold about 16.70% of the company’s shares, while institutions hold 24.80% stake in the company. Shares short for LAZR as of 1735603200 were 6021475 with a Short Ratio of 2.05, compared to 1732838400 on 7740802. Therefore, it implies a Short% of Shares Outstanding of 6021475 and a Short% of Float of 23.290001.
