During the last session, Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares were 103.03 million, with the beta value of the company hitting 1.61. At the end of the trading day, the stock’s price was $0.76, reflecting an intraday loss of -5.09% or -$0.04. The 52-week high for the LAZR share is $3.69, that puts it down -385.53 from that peak though still a striking 3.95% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $379.27M, and the average intraday trading volume over the past 10 days was 2.97 million shares, and the average trade volume was 32.00 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 2.38. 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 -2.03.
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Luminar Technologies Inc (NASDAQ:LAZR) trade information
Luminar Technologies Inc (LAZR) registered a -5.09% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.09% in intraday trading to $0.76, hitting a weekly high. The stock’s 5-day price performance is -27.68%, and it has moved by -6.70% in 30 days. Based on these gigs, the overall price performance for the year is -73.17%. The short interest in Luminar Technologies Inc (NASDAQ:LAZR) is 113.67 million shares and it means that shorts have 3.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.5, which implies an increase of 92.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $21 respectively. As a result, LAZR is trading at a discount of -2663.16% off the target high and -31.58% 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 -52.39% during the last six months, with a year-to-date growth rate more than the industry average at 31.03% against 9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 32.21% this quarter and then jump 33.68% in the quarter after that. In the rating firms’ projections, revenue will increase 0.96% 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 17.43M as predicted by 7 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 20.61M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 22.11M and 20.97M respectively. In this case, analysts expect current quarter sales to shrink by -21.17% and then drop by -1.70% in the coming quarter.
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 22.15% in 2024, the next five years will return 20.00% per annum.
LAZR Dividends
Luminar Technologies Inc is due to release its next quarterly earnings in December. 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 3.01% of total outstanding shares while institutional holders control 41.59%, with the float percentage being 42.88%. VANGUARD GROUP INC is the largest shareholder of the company, while 323.0 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.
