In the latest trading session, 0.56 million Luminar Technologies Inc (NASDAQ:LAZR) shares changed hands as the company’s beta touched 1.59. With the company’s most recent per share price at $5.11 changed hands at -$0.19 or -3.49% at last look, the market valuation stands at $170.31M. LAZR’s current price is a discount, trading about -983.17% off its 52-week high of $55.35. The share price had its 52-week low at $5.21, which suggests the last value was -1.96% down since then. When we look at Luminar Technologies Inc’s average trading volume, we note the 10-day average is 2.55 million shares, with the 3-month average coming to 2.58 million.
Analysts gave the Luminar Technologies Inc (LAZR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended LAZR as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Luminar Technologies Inc’s EPS for the current quarter is expected to be -0.15.
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Luminar Technologies Inc (NASDAQ:LAZR) trade information
Instantly LAZR was in red as seen in intraday trades today. With action -15.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -89.88%, with the 5-day performance at -15.73% in the red. However, in the 30-day time frame, Luminar Technologies Inc (NASDAQ:LAZR) is -52.90% down. Looking at the short shares, we see there were 7.74 million shares sold at short interest cover period of 2.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -70.33% from its recent market value. According to analyst projections, LAZR’s forecast low is 1 with 15 as the target high. To hit the forecast high, the stock’s price needs a -193.54% plunge from its current level, while the stock would need to tank 80.43% for it to hit the projected low.
Luminar Technologies Inc (LAZR) estimates and forecasts
Data shows that the Luminar Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -74.55% over the past 6 months, a 25.46% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach 0.71% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 17.43M. 4 analysts are of the opinion that Luminar Technologies Inc’s revenue for the current quarter will be 20.61M. The company’s revenue for the corresponding quarters a year ago was 22.11M and 20.97M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.17%. The estimates for the next quarter sales put growth at -1.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 34.30%. The 2024 estimates are for Luminar Technologies Inc earnings to decrease by -17.40%, but the outlook for the next 5-year period is at 20.00% per year.
LAZR Dividends
Luminar Technologies Inc is expected to release its next quarterly earnings report in January.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.63% of Luminar Technologies Inc shares while 35.37% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.70%. There are 35.37% institutions holding the Luminar Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.6874% of the shares, roughly 32.67 million LAZR shares worth $48.67 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9268% or 25.18 million shares worth $37.53 million as of 2024-06-30.
