Why Acquire Shares Of AEye Inc (LIDR)?

AEye Inc (NASDAQ:LIDR) has a beta value of 2.93 and has seen 2.38 million shares traded in the recent trading session. The company, currently valued at $13.34M, closed the recent trade at $1.46 per share which meant it gained $0.2 on the day or 15.87% during that session. The LIDR stock price is -252.74% off its 52-week high price of $5.15 and 46.58% above the 52-week low of $0.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.55 million shares traded. The 3-month trading volume is 187.05K shares.

The consensus among analysts is that AEye Inc (LIDR) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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AEye Inc (NASDAQ:LIDR) trade information

Sporting 15.87% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LIDR stock price touched $1.46 or saw a rise of 10.98%. Year-to-date, AEye Inc shares have moved -36.24%, while the 5-day performance has seen it change 25.65%. Over the past 30 days, the shares of AEye Inc (NASDAQ:LIDR) have changed 46.00%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 1.97.

Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 87.83% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $12.0. In that case, then, we find that the latest price level in today’s session is -721.92% off the targeted high while a plunge would see the stock gain -721.92% from the levels at last check today.

AEye Inc (LIDR) estimates and forecasts

The company’s shares have lost -27.00% over the past 6 months.

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 -657.36% over the past 5 years.

LIDR Dividends

AEye Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

AEye Inc (NASDAQ:LIDR)’s Major holders

Insiders own 8.60% of the company shares, while shares held by institutions stand at 21.70% with a share float percentage of 23.74%. Investors are also buoyed by the number of investors in a company, with AEye Inc having a total of 30.0 institutions that hold shares in the company. The top two institutional holders are GENERAL MOTORS HOLDINGS LLC with over 0.47 million shares worth more than $0.91 million. As of 2024-06-30, GENERAL MOTORS HOLDINGS LLC held 7.3795% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 0.79% shares in the company for having 72.26 shares of worth $0.11 million while later fund manager owns 42.43 shares of worth $61738.0 as of Oct 31, 2024, which makes it owner of about 0.46% of company’s outstanding stock.