During the recent session, Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares were 0.72 million, with the beta value of the company hitting 1.88. At the last check today, the stock’s price was $5.49, reflecting an intraday loss of -2.92% or -$0.17. The 52-week high for the LAZR share is $34.80, that puts it down -533.88 from that peak though still a striking 18.58% gain since the share price plummeted to a 52-week low of $4.47. The company’s market capitalization is $241.72M, and the average intraday trading volume over the past 10 days was 4.84 million shares, and the average trade volume was 2.74 million shares over the past three months.
Luminar Technologies Inc (LAZR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.20. LAZR has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.67.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Luminar Technologies Inc (LAZR) registered a -2.92% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.92% in intraday trading to $5.49, hitting a weekly high. The stock’s 5-day price performance is -12.50%, and it has moved by 3.39% in 30 days. Based on these gigs, the overall price performance for the year is -78.32%. The short interest in Luminar Technologies Inc (NASDAQ:LAZR) is 7.08 million shares and it means that shorts have 5.2 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 39.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $15 respectively. As a result, LAZR is trading at a discount of -173.22% off the target high and 45.36% off the low.
Luminar Technologies Inc (LAZR) estimates and forecasts
In the rating firms’ projections, revenue will increase 15.97% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.18M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 19.28M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.97M and 16.45M respectively. In this case, analysts expect current quarter sales to shrink by -22.84% and then jump by 17.21% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -406.53%. While earnings are projected to return 39.76% in 2025, the next five years will return 45.67% per annum.
LAZR Dividends
Luminar Technologies Inc is due to release its next quarterly earnings on 2025-Mar-19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Luminar Technologies Inc insiders own 1.78% of total outstanding shares while institutional holders control 32.46%, with the float percentage being 33.04%. VANGUARD GROUP INC is the largest shareholder of the company, while 206.0 institutions own stock in it. As of 2024-06-30, the company held over 32.67 million shares (or 7.6874% of all shares), a total value of $48.67 million in shares.
The next largest institutional holding, with 8.3 million shares, is of STATE STREET CORP’s that is approximately 1.9533% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.37 million.
Also, the Mutual Funds coming in first place with the largest holdings of Luminar Technologies Inc (LAZR) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 749.09 shares. This amounts to just over 0.19 percent of the company’s overall shares, with a $4.73 million market value. The same data shows that the other fund manager holds slightly less at 598.18, or about 0.15% of the stock, which is worth about $3.78 million.
