AEye Inc (NASDAQ: LIDR) Could See A Rise In Prices Shortly.

In the last trading session, 1.12 million shares of the AEye Inc (NASDAQ:LIDR) were traded, and its beta was 2.94. Most recently the company’s share price was $1.25, and it changed around $0.16 or 14.68% from the last close, which brings the market valuation of the company to $11.75M. LIDR currently trades at a discount to its 52-week high of $5.15, offering almost -312.0% off that amount. The share price’s 52-week low was $0.78, which indicates that the current value has risen by an impressive 37.6% since then. We note from AEye Inc’s average daily trading volume that its 10-day average is 0.13 million shares, with the 3-month average coming to 116.53K.

AEye Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended LIDR as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.

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AEye Inc (NASDAQ:LIDR) trade information

Instantly LIDR has showed a green trend with a performance of 14.68% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.3000 on recent trading dayincreased the stock’s daily price by 3.85%. The company’s shares are currently down -45.41% year-to-date, but still up 16.82% over the last five days. On the other hand, AEye Inc (NASDAQ:LIDR) is 13.64% up in the 30-day period. We can see from the shorts that 0.2 million shares have been sold at a short interest cover period of 1.97 day(s).

The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 89.58% from its current value. Analyst projections state that LIDR is forecast to be at a low of $12 and a high of $12.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -657.36%.

LIDR Dividends

AEye Inc’s next quarterly earnings report is expected to be released in January.

AEye Inc (NASDAQ:LIDR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.60% of AEye Inc shares, and 21.70% of them are in the hands of institutional investors. The stock currently has a share float of 23.74%. AEye Inc stock is held by 30.0 institutions, with GENERAL MOTORS HOLDINGS LLC being the largest institutional investor. By 2024-06-30, it held 7.3795% of the shares, which is about 0.47 million shares worth $0.91 million.