In last trading session, Luminar Technologies Inc (NASDAQ:LAZR) saw 21.19 million shares changing hands with its beta currently measuring 1.60. Company’s recent per share price level of $0.82 trading at -$0.01 or -0.13% at ring of the bell on the day assigns it a market valuation of $417.36M. That closing price of LAZR’s stock is at a discount of -423.17% from its 52-week high price of $4.29 and is indicating a premium of 10.98% from its 52-week low price of $0.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 37.54 million shares which gives us an average trading volume of 23.16 million if we extend that period to 3-months.
For Luminar Technologies Inc (LAZR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.56. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.17 in the current quarter.
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Luminar Technologies Inc (NASDAQ:LAZR) trade information
Upright in the red during last session for losing -0.13%, in the last five days LAZR remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $0.82 price level, adding 8.89% to its value on the day. Luminar Technologies Inc’s shares saw a change of -75.53% in year-to-date performance and have moved -4.59% in past 5-day. Luminar Technologies Inc (NASDAQ:LAZR) showed a performance of 4.10% in past 30-days. Number of shares sold short was 97.23 million shares which calculate 3.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 16 to the stock, which implies a rise of 94.88% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 21. It follows that stock’s current price would drop -21.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -21.95% for stock’s current value.
Luminar Technologies Inc (LAZR) estimates and forecasts
Statistics highlight that Luminar Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -34.56% of value to its shares in past 6 months, showing an annual growth rate of 26.44% while that of industry is 7.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 9.20% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 18.68M for the same. And 9 analysts are in estimates of company making revenue of 22.25M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -416.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 22.63% while estimates for its earnings growth in next 5 years are of 20.00%.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Insiders are in possession of 2.96% of company’s total shares while institution are holding 34.97 percent of that, with stock having share float percentage of 36.04%. Investors also watch the number of corporate investors in a company very closely, which is 34.97% institutions for Luminar Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at LAZR for having 32.67 million shares of worth $48.67 million. And as of 2024-06-30, it was holding 7.6874 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 25.18 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9268 of outstanding shares, having a total worth of $37.53 million.
