During the last session, Luminar Technologies, Inc. (NASDAQ:LAZR)’s traded shares were 4,553,871, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $22.53, reflecting an intraday loss of -9.88% or -$2.47. The 52-week high for the LAZR share is $47.8, that puts it down -112.16% from that peak though still a striking +56.19% gain since the share price plummeted to a 52-week low of $9.87. The company’s market capitalization is $7.3 Billion, and the average intraday trading volume over the past 10 days was 3.11 Million shares, and the average trade volume was 6.94 Million shares over the past three months.
Luminar Technologies, Inc. (LAZR) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.2. LAZR has a Sell rating from none of the analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 4 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.05.
Luminar Technologies, Inc. (NASDAQ:LAZR): Trading Information
Luminar Technologies, Inc. (LAZR) registered a -9.88% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 13.58% in intraday trading to $26.07 this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is -4.61%, and it has moved by -1.74% in 30 days. Despite these dips, the overall price performance for the year is -33.74%. The short interest in Luminar Technologies, Inc. (NASDAQ:LAZR) is 8.9 Million shares and it means that shorts have 1.28 day(s) to cover.
The consensus price target of analysts on Wall Street is $34.5, which implies an increase of 53.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $40 respectively. As a result, LAZR is trading at a discount of 77.54% off the target high and 6.52% off the low.
Luminar Technologies, Inc. (LAZR) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 0% in 2021, the next five years will return 10.46% per annum.
Luminar Technologies, Inc. (NASDAQ:LAZR)’s Biggest Investors
Luminar Technologies, Inc. insiders own 30.47% of total outstanding shares while institutional holders control 15.09%, with the float percentage being 21.71%. Canvas GP 1, LLC is the largest shareholder of the company, while 159 institutions own stock in it. As of Dec 30, 2020, the company held over 6.91 Million shares (or 3.16% of all shares), a total value of $234.85 Million in shares.
The next largest institutional holding, with 1.5 Million shares, is of IDG China Venture Capital Fund IV Associates, LP’s that is approximately 0.69% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $50.97 Million.
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Also, the Mutual Funds coming in first place with the largest holdings of Luminar Technologies, Inc. (LAZR) shares are Exchange Traded Concepts Tr-Global Robotics & Automation Index ETF and Fidelity NASDAQ Composite Index Fund. Data provided on Feb 27, 2021 indicates that Exchange Traded Concepts Tr-Global Robotics & Automation Index ETF owns about 446,765 shares. This amounts to just over 0.2 percent of the company’s overall shares, with a $12.12 Million market value. The same data shows that the other fund manager holds slightly less at 98.39 Thousand, or about 0.04% of the stock, which is worth about $2.67 Million.