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Buy, Sell Or Hold Luminar Technologies Inc. (NASDAQ:LAZR) At $9.37?

In last trading session, Luminar Technologies Inc. (NASDAQ:LAZR) saw 10.65 million shares changing hands with its beta currently measuring 1.52. Company’s recent per share price level of $9.37 trading at -$0.16 or -1.68% at ring of the bell on the day assigns it a market valuation of $3.55B. That closing price of LAZR’s stock is at a discount of -155.07% from its 52-week high price of $23.90 and is indicating a premium of 40.13% from its 52-week low price of $5.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.64 million shares which gives us an average trading volume of 6.51 million if we extend that period to 3-months.

Luminar Technologies Inc. (NASDAQ:LAZR) trade information

Upright in the red during last session for losing -1.68%, in the last five days LAZR remained trading in the green while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $9.37 price level, adding 6.3% to its value on the day. Luminar Technologies Inc.’s shares saw a change of -44.59% in year-to-date performance and have moved 5.40% in past 5-day. Luminar Technologies Inc. (NASDAQ:LAZR) showed a performance of 8.45% in past 30-days. Number of shares sold short was 48.99 million shares which calculate 6.18 days to cover the short interests.

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Luminar Technologies Inc. (LAZR) estimates and forecasts

Statistics highlight that Luminar Technologies Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -36.43% of value to its shares in past 6 months, showing an annual growth rate of -100.00% while that of industry is 0.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -100.00% in the current quarter and calculating -70.00% decrease in the next quarter. This year revenue growth is estimated to rise 29.00% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $8.59 million for the same. And 9 analysts are in estimates of company making revenue of $11.51 million in the next quarter that will end on Sep 2022.

LAZR Dividends

Luminar Technologies Inc. is more likely to be releasing its next quarterly report between March 16 and March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Luminar Technologies Inc. (NASDAQ:LAZR)’s Major holders

Insiders are in possession of 13.48% of company’s total shares while institution are holding 47.28 percent of that, with stock having share float percentage of 54.64%. Investors also watch the number of corporate investors in a company very closely, which is 47.28% institutions for Luminar Technologies Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at LAZR for having 19.22 million shares of worth $300.38 million. And as of Mar 30, 2022, it was holding 7.55% of the company’s outstanding shares.

The second largest institutional holder is G2VP I Associates, LLC, which was holding about 10.6 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.17% of outstanding shares, having a total worth of $62.85 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 6.58 million shares of worth $102.89 million or 2.59% of the total outstanding shares. The later fund manager was in possession of 5.54 million shares on Mar 30, 2022, making its stake of worth around $86.6 million in the company or a holder of 2.18% of company’s stock.

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