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Luminar Technologies Inc (NASDAQ: LAZR) closed the day trading at $5.54 down -9.99% from the previous closing price of $6.16. In other words, the price has decreased by -$9.99 from its previous closing price. On the day, 1.5 million shares were traded.
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.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $38.25, while it has fallen to a 52-week low of $4.93. The 50-Day Moving Average of the stock is -11.00%, while the 200-Day Moving Average is calculated to be -62.24%.
Shares Statistics:
A total of 33.30M shares are outstanding, with a floating share count of 26.19M. Insiders hold about 21.70% of the company’s shares, while institutions hold 25.20% stake in the company.
Earnings Estimates
A comprehensive evaluation of Luminar Technologies Inc (LAZR) is underway, with the input of 4.0 analysts contributing to its current rating.The consensus estimate for the next quarter is -$1.81, with high estimates of -$1.5 and low estimates of -$2.1.
Analysts are recommending an EPS of between -$9.61 and -$10.2 for the fiscal current year, implying an average EPS of -$9.94. EPS for the following year is -$6.55, with 4.0 analysts recommending between -$5.85 and -$7.65.
Revenue Estimates
6 analysts predict $17.5M in revenue for the current quarter. It ranges from a high estimate of $19.4M to a low estimate of $16M. As of the current estimate, Luminar Technologies Inc’s year-ago sales were $22.11MFor the next quarter, 6 analysts are estimating revenue of $21.23M. There is a high estimate of $22.7M for the next quarter, whereas the lowest estimate is $19M.
A total of 6 analysts have provided revenue estimates for LAZR’s current fiscal year. The highest revenue estimate was $72.3M, while the lowest revenue estimate was $68.9M, resulting in an average revenue estimate of $70.33M. In the same quarter a year ago, actual revenue was $69.78MBased on 6 analysts’ estimates, the company’s revenue will be $115.62M in the next fiscal year. The high estimate is $147M and the low estimate is $89.17M.
