In last trading session, AEye Inc. (NASDAQ:LIDR) saw 2.01 million shares changing hands with its beta currently measuring 2.82. Company’s recent per share price level of $0.22 trading at -$0.02 or -8.33% at ring of the bell on the day assigns it a market valuation of $41.76M. That closing price of LIDR’s stock is at a discount of -563.64% from its 52-week high price of $1.46 and is indicating a premium of 27.27% from its 52-week low price of $0.16. 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 5.25 million if we extend that period to 3-months.
For AEye Inc. (LIDR), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.06 in the current quarter.
AEye Inc. (NASDAQ:LIDR) trade information
Upright in the red during last session for losing -8.33%, in the last five days LIDR remained trading in the red while hitting it’s week-highest on Wednesday, 09/13/23 when the stock touched $0.22 price level, adding 15.81% to its value on the day. AEye Inc.’s shares saw a change of -54.22% in year-to-date performance and have moved -10.13% in past 5-day. AEye Inc. (NASDAQ:LIDR) showed a performance of -22.29% in past 30-days. Number of shares sold short was 5.05 million shares which calculate 0.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $0.48 to the stock, which implies a rise of 54.17% to its current value. Analysts have been projecting $0.48 as a low price target for the stock while placing it at a high target of $0.48. It follows that stock’s current price would drop -118.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -118.18% for stock’s current value.
AEye Inc. (LIDR) estimates and forecasts
The company is estimating its revenue growth to increase by 60.00% in the current quarter and calculating 53.30% increase in the next quarter. This year revenue growth is estimated to rise 4.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $600k for the same. And 1 analysts are in estimates of company making revenue of $2 million in the next quarter that will end on Dec 2023. Company posted $767k and $1.09 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -21.80% while estimating it to be 83.20% for the next quarter.
AEye Inc. is more likely to be releasing its next quarterly report between November 08 and November 13 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 18.70% of company’s total shares while institution are holding 37.99 percent of that, with stock having share float percentage of 46.73%. Investors also watch the number of corporate investors in a company very closely, which is 37.99% 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 $2.53 million. And as of Jun 29, 2023, it was holding 7.61% 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, 2023. The number of shares represents firm’s hold over 3.74% of outstanding shares, having a total worth of $1.25 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Information Technology Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 3.26 million shares of worth $0.59 million or 1.76% of the total outstanding shares. The later fund manager was in possession of 2.14 million shares on May 30, 2023, making its stake of worth around $0.44 million in the company or a holder of 1.16% of company’s stock.