The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Luminar Technologies Inc (NASDAQ: LAZR) was $3.59 for the day, down -4.01% from the previous closing price of $3.74. In other words, the price has decreased by -$4.01 from its previous closing price. On the day, 1.2 million shares were traded.
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 2.59 and its Current Ratio is at 2.83.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30.
Stock Price History:
Over the past 52 weeks, LAZR has reached a high of $32.70, while it has fallen to a 52-week low of $3.30. The 50-Day Moving Average of the stock is -20.19%, while the 200-Day Moving Average is calculated to be -57.19%.
Shares Statistics:
A total of 47.00M shares are outstanding, with a floating share count of 41.04M. Insiders hold about 12.69% of the company’s shares, while institutions hold 27.16% stake in the company.
