During the last session, AEye Inc. (NASDAQ:LIDR)’s traded shares were 1.8 million. At the end of the trading day, the stock’s price was $0.21, reflecting an intraday gain of 4.75% or $0.01. The 52-week high for the LIDR share is $6.33, that puts it down -2914.29 from that peak though still a striking 23.81% gain since the share price plummeted to a 52-week low of $0.16. The company’s market capitalization is $39.57M, and the average intraday trading volume over the past 10 days was 1.36 million shares, and the average trade volume was 1.38 million shares over the past three months.
AEye Inc. (LIDR) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. LIDR has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.
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AEye Inc. (NASDAQ:LIDR) trade information
AEye Inc. (LIDR) registered a 4.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.75% in intraday trading to $0.21 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 14.86%, and it has moved by -1.55% in 30 days. Based on these gigs, the overall price performance for the year is -95.88%. The short interest in AEye Inc. (NASDAQ:LIDR) is 7.73 million shares and it means that shorts have 3.4 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $0.21 and $0.21 respectively.
AEye Inc. (LIDR) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 47.10% this quarter and then jump 40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 56.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $600k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $1.5 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $706k and $767k respectively. In this case, analysts expect current quarter sales to shrink by -15.00% and then jump by 95.60% in the coming quarter.
While earnings are projected to return -60.30% in 2023.
AEye Inc. is due to release its next quarterly earnings on May 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AEye Inc. (NASDAQ:LIDR)’s Major holders
AEye Inc. insiders own 15.50% of total outstanding shares while institutional holders control 39.84%, with the float percentage being 47.14%. General Motors Holdings LLC is the largest shareholder of the company, while 105 institutions own stock in it. As of Mar 30, 2023, the company held over 14.06 million shares (or 7.95% of all shares), a total value of $4.43 million in shares.
The next largest institutional holding, with 7.41 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.19% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $2.33 million.
Also, the Mutual Funds coming in first place with the largest holdings of AEye Inc. (LIDR) shares are Vanguard Total Stock Market Index Fund and Vanguard Information Technology Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 3.26 million shares. This amounts to just over 1.93 percent of the company’s overall shares, with a $1.57 million market value. The same data shows that the other fund manager holds slightly less at 1.95 million, or about 1.15% of the stock, which is worth about $1.73 million.