Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares stood at 7.14 million during the last session, with the company’s beta value hitting 1.56. At the close of trading, the stock’s price was $1.25, to imply a decrease of -6.02% or -$0.08 in intraday trading. The LAZR share’s 52-week high remains $8.32, putting it -565.6% down since that peak but still an impressive 0.8% since price per share fell to its 52-week low of $1.24. The company has a valuation of $527.36M, with an average of 7.94 million shares over the past 3 months.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
After registering a -6.02% downside in the last session, Luminar Technologies Inc (LAZR) has traded red over the past five days. The stock hit a weekly high of 1.7700, dropping -6.02% in its intraday price action. The 5-day price performance for the stock is -28.98%, and -27.75% over 30 days. With these gigs, the year-to-date price performance is -62.91%.
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 -70.10% down over the last 6 months, with its year-to-date growth rate higher than industry average at 24.14% against 14.80%. 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 64.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $21.14 million. Meanwhile, for the quarter ending Jun 2024, a total of 10 analyst(s) estimate revenue growth to $24.43 million.Earnings reports from the last fiscal year show that sales brought in -$ and $16.2 million respectively in the corresponding quarters.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -416.28% for the past 5-year period. While 2024 is set for a 20.44% return in earnings, projections for the next 5 years are at 43.50% annually.
LAZR Dividends
Luminar Technologies Inc has its next earnings report out in May. 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%.
