In the last trading session, 1.57 million Luminar Technologies Inc (NASDAQ:LAZR) shares changed hands as the company’s beta touched 1.73. With the company’s per share price at $6.16 changed hands at -$0.85 or -12.20% during last session, the market valuation stood at $204.94M. LAZR’s last price was a discount, traded about -520.94% off its 52-week high of $38.25. The share price had its 52-week low at $4.93, which suggests the last value was 19.97% up since then.
Analysts gave the Luminar Technologies Inc (LAZR) stock a consensus recommendation rating of Buy. 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 -1.99.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Instantly LAZR was in red as seen at the end of in last trading. With action -6.74%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 14.41%, with the 5-day performance at -6.74% in the red. However, in the 30-day time frame, Luminar Technologies Inc (NASDAQ:LAZR) is -1.68% down.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -105.33% from its current 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 -143.51% plunge from its current level, while the stock would need to tank 83.77% for it to hit the projected low.
Luminar Technologies Inc (LAZR) estimates and forecasts
Year-over-year growth is forecast to reach 0.79% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 17.5M. 3 analysts are of the opinion that Luminar Technologies Inc’s revenue for the current quarter will be 21.23M. 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 -20.88%. The estimates for the next quarter sales put growth at 1.27%.
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 2025 estimates are for Luminar Technologies Inc earnings to decrease by -17.40%.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 781.23 shares estimated at $4.81 million under it, the former controlled 0.19% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 0.15% of the shares, roughly 614.2 shares worth around $3.78 million.
