Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Luminar Technologies Inc’s stock clocked out at $1.31, up 3.97% from its previous closing price of $1.26. In other words, the price has increased by $3.97 from its previous closing price. On the day, 5.49 million shares were traded. LAZR stock price reached its highest trading level at $1.34 during the session, while it also had its lowest trading level at $1.25.
Ratios:
To gain a deeper understanding of LAZR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.00 and its Current Ratio is at 4.18.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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. On Jun 05 ’23, another insider, Prescott Alan, who serves as the Chief Legal Officer of the company, sold 37,433 shares for $7.21 each. As a result, the insider received 269,866 and left with 1,509,453 shares of the company.
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 552671936 and an Enterprise Value of 923511552. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.92. Its current Enterprise Value per Revenue stands at 13.235 whereas that against EBITDA is -1.741.
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 -36.18%, while the 200-Day Moving Average is calculated to be -65.48%.
Shares Statistics:
It appears that LAZR traded 7.79M shares on average per day over the past three months and 8993100 shares per day over the past ten days. A total of 322.74M shares are outstanding, with a floating share count of 276.51M. Insiders hold about 34.46% of the company’s shares, while institutions hold 29.25% stake in the company. Shares short for LAZR as of 1711584000 were 82099423 with a Short Ratio of 10.54, compared to 1709164800 on 85614244. Therefore, it implies a Short% of Shares Outstanding of 82099423 and a Short% of Float of 26.02.
Earnings Estimates
The dynamic stock of Luminar Technologies Inc (LAZR) is currently attracting attention from Luminar Technologies, Inc. analysts actively involved in rating its market status.The consensus estimate for the next quarter is $111.44, with high estimates of $37.91 and low estimates of $10.48.
