Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Luminar Technologies Inc (NASDAQ: LAZR) was $1.65 for the day, up 1.23% from the previous closing price of $1.63. In other words, the price has increased by $1.23 from its previous closing price. On the day, 2.2 million shares were traded. LAZR stock price reached its highest trading level at $1.66 during the session, while it also had its lowest trading level at $1.6.
Ratios:
Our analysis of LAZR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.13 and its Current Ratio is at 2.42.
BofA Securities Downgraded its Neutral to Underperform on April 10, 2024, whereas the target price for the stock was revised from $3.50 to $1.20.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 113461416 and an Enterprise Value of 481697344. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57. Its current Enterprise Value per Revenue stands at 6.644 whereas that against EBITDA is -1.836.
Stock Price History:
The Beta on a monthly basis for LAZR is 2.02, which has changed by -0.878453 over the last 52 weeks, in comparison to a change of 0.1716845 over the same period for the S&P500. Over the past 52 weeks, LAZR has reached a high of $18.60, while it has fallen to a 52-week low of $1.58. The 50-Day Moving Average of the stock is -37.97%, while the 200-Day Moving Average is calculated to be -66.77%.
Shares Statistics:
LAZR traded an average of 3.75M shares per day over the past three months and 3308880 shares per day over the past ten days. A total of 68.76M shares are outstanding, with a floating share count of 58.88M. Insiders hold about 14.37% of the company’s shares, while institutions hold 19.32% stake in the company. Shares short for LAZR as of 1755216000 were 11120636 with a Short Ratio of 2.96, compared to 1752537600 on 7151861. Therefore, it implies a Short% of Shares Outstanding of 11120636 and a Short% of Float of 17.549999.
Earnings Estimates
The dynamic stock of Luminar Technologies Inc (LAZR) is currently attracting attention from 4.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is -$0.78, with high estimates of -$0.56 and low estimates of -$0.97.
Analysts are recommending an EPS of between -$3.99 and -$5.01 for the fiscal current year, implying an average EPS of -$4.46. EPS for the following year is -$2.37, with 4.0 analysts recommending between -$1.19 and -$4.06.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $18.85M to a low estimate of $16M. As of the current estimate, Luminar Technologies Inc’s year-ago sales were $15.49MFor the next quarter, 4 analysts are estimating revenue of $18.12M. There is a high estimate of $19M for the next quarter, whereas the lowest estimate is $16.67M.
A total of 4 analysts have provided revenue estimates for LAZR’s current fiscal year. The highest revenue estimate was $70.8M, while the lowest revenue estimate was $69.78M, resulting in an average revenue estimate of $70.28M. In the same quarter a year ago, actual revenue was $75.39MBased on 4 analysts’ estimates, the company’s revenue will be $79.16M in the next fiscal year. The high estimate is $89.96M and the low estimate is $72.1M.
