In last trading session, Luminar Technologies Inc (NASDAQ:LAZR) saw 1.17 million shares changing hands with its beta currently measuring 1.92. Company’s recent per share price level of $4.85 trading at $0.12 or 2.54% at ring of the bell on the day assigns it a market valuation of $161.49M. That closing price of LAZR’s stock is at a discount of -617.53% from its 52-week high price of $34.80 and is indicating a premium of 7.84% from its 52-week low price of $4.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.23 million shares which gives us an average trading volume of 2.37 million if we extend that period to 3-months.
For Luminar Technologies Inc (LAZR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.17. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -2.0 in the current quarter.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Upright in the green during last session for gaining 2.54%, in the last five days LAZR remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $4.85 price level, adding 10.02% to its value on the day. Luminar Technologies Inc’s shares saw a change of -9.85% in year-to-date performance and have moved -7.97% in past 5-day. Luminar Technologies Inc (NASDAQ:LAZR) showed a performance of -12.77% in past 30-days. Number of shares sold short was 7.64 million shares which calculate 4.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 46.11% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would jump 38.14% in reaching the projected high whereas dropping to the targeted low would mean a gain of 38.14% for stock’s current value.
Luminar Technologies Inc (LAZR) estimates and forecasts
This year revenue growth is estimated to rise 0.79% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 17.5M for the same. And 3 analysts are in estimates of company making revenue of 21.23M in the next quarter. Company posted 22.11M and 20.97M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -406.53% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 23.24% while estimates for its earnings growth in next 5 years are of 29.92%.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Insiders are in possession of 2.49% of company’s total shares while institution are holding 45.62 percent of that, with stock having share float percentage of 46.79%. Investors also watch the number of corporate investors in a company very closely, which is 45.62% institutions for Luminar Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at LAZR for having 32.67 million shares of worth $48.67 million. And as of 2024-06-30, it was holding 7.6874 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 25.18 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9268 of outstanding shares, having a total worth of $37.53 million.
