During the recent session, Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares were 1.1 million, with the beta value of the company hitting 1.63. At the last check today, the stock’s price was $1.03, reflecting an intraday gain of 2.96% or $0.03. The 52-week high for the LAZR share is $6.23, that puts it down -504.85 from that peak though still a striking 23.3% gain since the share price plummeted to a 52-week low of $0.79. The company’s market capitalization is $508.38M, and the average intraday trading volume over the past 10 days was 13.23 million shares, and the average trade volume was 10.38 million shares over the past three months.
Luminar Technologies Inc (LAZR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. LAZR has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.17.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Luminar Technologies Inc (LAZR) registered a 2.96% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.96% in intraday trading to $1.03, hitting a weekly high. The stock’s 5-day price performance is 7.63%, and it has moved by -37.98% in 30 days. Based on these gigs, the overall price performance for the year is -83.07%. The short interest in Luminar Technologies Inc (NASDAQ:LAZR) is 90.76 million shares and it means that shorts have 6.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $17, which implies an increase of 93.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $21 respectively. As a result, LAZR is trading at a discount of -1938.83% off the target high and -676.7% off the low.
Luminar Technologies Inc (LAZR) estimates and forecasts
Statistics show that Luminar Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Luminar Technologies Inc (LAZR) shares have gone down -56.92% during the last six months, with a year-to-date growth rate more than the industry average at 25.29% against 6.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 19.00% this quarter and then jump 20.00% in the quarter after that. In the rating firms’ projections, revenue will increase 8.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 17.42M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 20.55M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -416.28%. While earnings are projected to return 20.07% in 2024, the next five years will return 34.00% per annum.
LAZR Dividends
Luminar Technologies Inc is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Luminar Technologies Inc insiders own 7.99% of total outstanding shares while institutional holders control 35.97%, with the float percentage being 39.10%. VANGUARD GROUP INC is the largest shareholder of the company, while 343.0 institutions own stock in it. As of 2024-06-30, the company held over 32.67 million shares (or 7.6874% of all shares), a total value of $48.67 million in shares.
The next largest institutional holding, with 25.18 million shares, is of BLACKROCK INC.’s that is approximately 5.9268% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $37.53 million.
Also, the Mutual Funds coming in first place with the largest holdings of Luminar Technologies Inc (LAZR) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 8.38 shares. This amounts to just over 2.11 percent of the company’s overall shares, with a $8.46 million market value. The same data shows that the other fund manager holds slightly less at 7.89, or about 1.99% of the stock, which is worth about $7.97 million.
