Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares stood at 23.0 million during the last session, with the company’s beta value hitting 1.71. At the close of trading, the stock’s price was $1.05, to imply a decrease of -7.08% or -$0.08 in intraday trading. The LAZR share’s 52-week high remains $3.69, putting it -251.43% down since that peak but still an impressive 30.48% since price per share fell to its 52-week low of $0.73. The company has a valuation of $531.51M, with an average of 44.03 million shares in intraday trading volume over the past 10 days and average of 30.67 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Luminar Technologies Inc (LAZR), translating to a mean rating of 2.56. Of 6 analyst(s) looking at the stock, 1 analyst(s) give LAZR a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.
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Luminar Technologies Inc (NASDAQ:LAZR) trade information
After registering a -7.08% downside in the last session, Luminar Technologies Inc (LAZR) has traded red over the past five days. The 5-day price performance for the stock is 12.76%, and 27.71% over 30 days. With these gigs, the year-to-date price performance is -68.84%. Short interest in Luminar Technologies Inc (NASDAQ:LAZR) saw shorts transact 113.67 million shares and set a 3.01 days time to cover.
The extremes give us $1 and $21 for target low and target high price respectively. As such, LAZR has been trading -1900.0% off suggested target high and 4.76% from its likely low.
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 -40.68% down over the last 6 months, with its year-to-date growth rate higher than industry average at 26.44% against 9.30%. Revenue is forecast to grow 30.55% this quarter before jumping 28.42% for the next one. The rating firms project that company’s revenue will grow 1.09% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 17.5M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 21.61M.Earnings reports from the last fiscal year show that sales brought in 22.11M and 20.97M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -20.85% before jumping 3.07% in the following quarter.
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 22.79% return in earnings, projections for the next 5 years are at 20.00% annually.
LAZR Dividends
Luminar Technologies Inc has its next earnings report out on 2025-Feb-25. 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 (NASDAQ:LAZR)’s Major holders
Luminar Technologies Inc insiders hold 2.96% of total outstanding shares, with institutional holders owning 39.42% of the shares at 40.63% float percentage. In total, 39.42% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 32.67 million shares (or 7.6874% of shares), all amounting to roughly $48.67 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 25.18 million shares, or about 5.9268% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $37.53 million.
