Luminar Technologies Inc (NASDAQ:LAZR)’s Stock Performance and Outlook

In the last trading session, 15.22 million Luminar Technologies Inc (NASDAQ:LAZR) shares changed hands as the company’s beta touched 1.51. With the company’s per share price at $1.30 changed hands at -$0.14 or -9.72% during last session, the market valuation stood at $548.46M. LAZR’s last price was a discount, traded about -540.0% off its 52-week high of $8.32. The share price had its 52-week low at $1.24, which suggests the last value was 4.62% up since then. When we look at Luminar Technologies Inc’s average trading volume, we note the 3-month average coming to 7.88 million.

Luminar Technologies Inc (NASDAQ:LAZR) trade information

Instantly LAZR was in red as seen at the end of in last trading. With action -35.00%, the performance over the past five days has been red. The drop to weekly highs of 2.0500 subtracted -9.72% to the stock’s daily price. The company’s shares are showing year-to-date downside of -61.42%, with the 5-day performance at -35.00% in the red. However, in the 30-day time frame, Luminar Technologies Inc (NASDAQ:LAZR) is -32.29% down.

Luminar Technologies Inc (LAZR) estimates and forecasts

Data shows that the Luminar Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -69.34% over the past 6 months, a 24.14% in annual growth rate that is considerably higher than the industry average of 14.20%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -416.28%. The 2024 estimates are for Luminar Technologies Inc earnings to increase by 20.44%, but the outlook for the next 5-year period is at 43.50% per year.