Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares stood at 7.91 million during the last session, with the company’s beta value hitting 1.49. At the close of trading, the stock’s price was $1.78, to imply an increase of 5.33% or $0.09 in intraday trading. The LAZR share’s 52-week high remains $8.32, putting it -367.42% down since that peak but still an impressive 8.43% since price per share fell to its 52-week low of $1.63. The company has a valuation of $750.96M, with an average of 8.64 million shares in intraday trading volume over the past 10 days and average of 7.65 million shares over the past 3 months.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
After registering a 5.33% upside in the last session, Luminar Technologies Inc (LAZR) has traded red over the past five days. The stock hit a weekly high of 1.9000, jumping 5.33% in its intraday price action. The 5-day price performance for the stock is -0.56%, and -28.80% over 30 days. With these gigs, the year-to-date price performance is -47.18%. Short interest in Luminar Technologies Inc (NASDAQ:LAZR) saw shorts transact 85.61 million shares and set a 12.33 days time to cover.
Luminar Technologies Inc (LAZR) estimates and forecasts
Looking at statistics comparing Luminar Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Luminar Technologies Inc (LAZR) shares are -55.61% down over the last 6 months, with its year-to-date growth rate higher than industry average at 28.74% against 14.90%. Revenue is forecast to grow 16.70% this quarter before jumping 9.50% for the next one. The rating firms project that company’s revenue will grow 65.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is $21.05 million. Meanwhile, for the quarter ending Jun 2024, a total of 8 analyst(s) estimate revenue growth to $25.04 million.
LAZR Dividends
Luminar Technologies Inc has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Luminar Technologies Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Luminar Technologies Inc insiders hold 9.39% of total outstanding shares, with institutional holders owning 45.41% of the shares at 50.11% float percentage. In total, 45.41% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 23.49 million shares (or 8.01% of shares), all amounting to roughly $161.61 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 19.41 million shares, or about 6.62% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $133.51 million.
We also have Vanguard Total Stock Market Index Fund and Delaware Ivy Science and Technology Fund as the top two Mutual Funds with the largest holdings of the Luminar Technologies Inc (LAZR) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 7.72 million shares. This is just over 2.63% of the total shares, with a market valuation of $53.12 million. Data from the same date shows that the other fund manager holds a little less at 7.07 million, or 2.41% of the shares, all valued at about 48.63 million.
