During the last session, Luminar Technologies Inc (NASDAQ:LAZR)’s traded shares were 12.08 million, with the beta value of the company hitting 1.88. At the end of the trading day, the stock’s price was $6.15, reflecting an intraday gain of 8.66% or $0.49. The 52-week high for the LAZR share is $34.80, that puts it down -465.85 from that peak though still a striking 27.32% gain since the share price plummeted to a 52-week low of $4.47. The company’s market capitalization is $260.69M, and the average intraday trading volume over the past 10 days was 5.99 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.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Luminar Technologies Inc (LAZR) registered a 8.66% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 8.66% in intraday trading to $6.15, hitting a weekly high. The stock’s 5-day price performance is -2.07%, and it has moved by 15.71% in 30 days. Based on these gigs, the overall price performance for the year is -75.74%. 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 31.67% 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 -143.9% off the target high and 51.22% off the low.
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.
