Ratio Analysis: Unpacking Luminar Technologies Inc (LAZR)’s Price-to-Cash and Price-to-Free Cash Flow

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After finishing at $1.45 in the prior trading day, Luminar Technologies Inc (NASDAQ: LAZR) closed at $1.43, down -1.38%. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 5.88 million shares were traded. LAZR stock price reached its highest trading level at $1.4585 during the session, while it also had its lowest trading level at $1.38.

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 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:

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 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 637242304 and an Enterprise Value of 1084842880. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.36. Its current Enterprise Value per Revenue stands at 14.23 whereas that against EBITDA is -2.131.

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 -12.32%, while the 200-Day Moving Average is calculated to be -50.71%.

Shares Statistics:

The stock has traded on average 9.20M shares per day over the past 3-months and 6013500 shares per day over the last 10 days, according to various share statistics. A total of 322.74M shares are outstanding, with a floating share count of 297.64M. Insiders hold about 33.21% of the company’s shares, while institutions hold 26.91% stake in the company. Shares short for LAZR as of 1715731200 were 95622129 with a Short Ratio of 10.40, compared to 1713139200 on 85250791. Therefore, it implies a Short% of Shares Outstanding of 95622129 and a Short% of Float of 28.599999999999998.

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