Luminar Technologies Inc (NASDAQ:LAZR) has a beta value of 1.93 and has seen 1.38 million shares traded in the last trading session. The company, currently valued at $166.15M, closed the last trade at $4.99 per share which meant it lost -$0.18 on the day or -3.48% during that session. The LAZR stock price is -597.39% off its 52-week high price of $34.80 and 10.42% above the 52-week low of $4.47.
The consensus among analysts is that Luminar Technologies Inc (LAZR) is Buy stock at the moment, with a recommendation rating of 3.17. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -2.0.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Sporting -3.48% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LAZR stock price touched $4.99 or saw a rise of 7.42%. Year-to-date, Luminar Technologies Inc shares have moved -7.25%, while the 5-day performance has seen it change -4.04%. Over the past 30 days, the shares of Luminar Technologies Inc (NASDAQ:LAZR) have changed -8.10%.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 44.56% from current levels. The projected low price target is $3.0 while the price target rests at a high of $15.0. In that case, then, we find that the current price level is -200.6% off the targeted high while a plunge would see the stock lose 39.88% from current levels.
Luminar Technologies Inc (LAZR) estimates and forecasts
The company’s shares have lost -65.83% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.79%.
6 analysts offering their estimates for the company have set an average revenue estimate of 17.5M for the current quarter. 3 have an estimated revenue figure of 21.23M for the next ending quarter. Year-ago sales stood 22.11M and 20.97M respectively for this quarter and the next, and analysts expect sales will shrink by -20.88% for the current quarter and 0.79% for the next.
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 34.30% over the past 5 years.
LAZR Dividends
Luminar Technologies Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 32.67 million shares worth more than $48.67 million. As of 2024-06-30, VANGUARD GROUP INC held 7.6874% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 25.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $37.53 million and represent 5.9268% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 0.19% shares in the company for having 781.23 shares of worth $3.9 million while later fund manager owns 594.18 shares of worth $2.96 million as of Dec 31, 2024 , which makes it owner of about 0.15% of company’s outstanding stock.
