Luminar Technologies Inc (NASDAQ:LAZR) has a beta value of 1.60 and has seen 36.17 million shares traded in the last trading session. The company, currently valued at $440.04M, closed the last trade at $0.87 per share which meant it gained $0.01 on the day or 0.59% during that session. The LAZR stock price is -413.79% off its 52-week high price of $4.47 and 16.09% above the 52-week low of $0.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 38.33 million shares traded. The 3-month trading volume is 22.08 million shares.
The consensus among analysts is that Luminar Technologies Inc (LAZR) is Buy stock at the moment, with a recommendation rating of 2.56. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.
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Luminar Technologies Inc (NASDAQ:LAZR) trade information
Sporting 0.59% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LAZR stock price touched $0.87 or saw a rise of 12.74%. Year-to-date, Luminar Technologies Inc shares have moved -74.20%, while the 5-day performance has seen it change -2.02%. Over the past 30 days, the shares of Luminar Technologies Inc (NASDAQ:LAZR) have changed 10.57%. Short interest in the company has seen 97.23 million shares shorted with days to cover at 3.26.
Wall Street analysts have a consensus price target for the stock at $16, which means that the shares’ value could jump 94.56% from current levels. The projected low price target is $1.0 while the price target rests at a high of $21.0. In that case, then, we find that the current price level is -2313.79% off the targeted high while a plunge would see the stock gain -14.94% from current levels.
Luminar Technologies Inc (LAZR) estimates and forecasts
Figures show that Luminar Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -33.13% over the past 6 months, with this year growth rate of 26.44%, compared to 7.10% for the industry. Revenue growth from the last financial year stood is estimated to be 9.20%.
9 analysts offering their estimates for the company have set an average revenue estimate of 18.68M for the current quarter. 9 have an estimated revenue figure of 22.25M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -416.28% over the past 5 years. Earnings growth for 2024 is a modest 22.63% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
LAZR Dividends
Luminar Technologies Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Insiders own 2.96% of the company shares, while shares held by institutions stand at 35.03% with a share float percentage of 36.10%. Investors are also buoyed by the number of investors in a company, with Luminar Technologies Inc having a total of 339.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 32.67 million shares worth more than $48.67 million. As of 2024-06-30, VANGUARD GROUP INC held 7.6874% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 25.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $37.53 million and represent 5.9268% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.86% shares in the company for having 11.72 shares of worth $10.19 million while later fund manager owns 8.89 shares of worth $7.73 million as of Aug 31, 2024 , which makes it owner of about 2.17% of company’s outstanding stock.
