In last trading session, AEye Inc. (NASDAQ:LIDR) saw 0.36 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.83 trading at $0.06 or 8.19% at ring of the bell on the day assigns it a market valuation of $133.84M. That closing price of LIDR’s stock is at a discount of -662.65% from its 52-week high price of $6.33 and is indicating a premium of 19.28% from its 52-week low price of $0.67. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.92 million shares which gives us an average trading volume of 725.18K if we extend that period to 3-months.
AEye Inc. (NASDAQ:LIDR) trade information
Upright in the green during last session for gaining 8.19%, in the last five days LIDR remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $0.83 price level, adding 11.7% to its value on the day. AEye Inc.’s shares saw a change of -82.79% in year-to-date performance and have moved -4.56% in past 5-day. AEye Inc. (NASDAQ:LIDR) showed a performance of -7.42% in past 30-days. Number of shares sold short was 5.98 million shares which calculate 8.4 days to cover the short interests.
AEye Inc. (LIDR) estimates and forecasts
Statistics highlight that AEye Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -83.88% of value to its shares in past 6 months, showing an annual growth rate of -2.04% while that of industry is 1.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -20.00% in the current quarter and calculating -25.00% decrease in the next quarter. This year revenue growth is estimated to rise 18.70% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $730k for the same. And 3 analysts are in estimates of company making revenue of $1.03 million in the next quarter that will end on Dec 2022. Company posted $127k and $1.8 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 474.80% while estimating it to be -42.90% for the next quarter.
AEye Inc. is more likely to be releasing its next quarterly report on November 10 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.
AEye Inc. (NASDAQ:LIDR)’s Major holders
Insiders are in possession of 13.65% of company’s total shares while institution are holding 37.75 percent of that, with stock having share float percentage of 43.72%. Investors also watch the number of corporate investors in a company very closely, which is 37.75% institutions for AEye Inc. that are currently holding shares of the company. General Motors Holdings LLC is the top institutional holder at LIDR for having 14.06 million shares of worth $26.86 million. And as of Jun 29, 2022, it was holding 8.74% of the company’s outstanding shares.
The second largest institutional holder is Intel Corporation, which was holding about 6.91 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.30% of outstanding shares, having a total worth of $13.2 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 3.24 million shares of worth $6.2 million or 2.02% of the total outstanding shares. The later fund manager was in possession of 1.46 million shares on Jun 29, 2022, making its stake of worth around $2.78 million in the company or a holder of 0.91% of company’s stock.