In the last trading session, 2.08 million Luminar Technologies Inc (NASDAQ:LAZR) shares changed hands as the company’s beta touched 1.88. With the company’s per share price at $4.98 changed hands at -$0.08 or -1.58% during last session, the market valuation stood at $211.10M. LAZR’s last price was a discount, traded about -598.8% off its 52-week high of $34.80. The share price had its 52-week low at $4.25, which suggests the last value was 14.66% up since then. When we look at Luminar Technologies Inc’s average trading volume, we note the 10-day average is 3.56 million shares, with the 3-month average coming to 2.73 million.
Analysts gave the Luminar Technologies Inc (LAZR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.20. 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 -1.67.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Instantly LAZR was in red as seen at the end of in last trading. With action -7.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.43%, with the 5-day performance at -7.61% in the red. However, in the 30-day time frame, Luminar Technologies Inc (NASDAQ:LAZR) is -0.20% down. Looking at the short shares, we see there were 7.08 million shares sold at short interest cover period of 5.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 44.67% from its current market value. According to analyst projections, LAZR’s forecast low is 3 with 15 as the target high. To hit the forecast high, the stock’s price needs a -201.2% plunge from its current level, while the stock would need to tank 39.76% for it to hit the projected low.
Luminar Technologies Inc (LAZR) estimates and forecasts
Year-over-year growth is forecast to reach 15.97% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 16.27M. 4 analysts are of the opinion that Luminar Technologies Inc’s revenue for the current quarter will be 18.85M. The company’s revenue for the corresponding quarters a year ago was 20.97M and 16.45M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -22.39%. The estimates for the next quarter sales put growth at 14.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.83%. The 2025 estimates are for Luminar Technologies Inc earnings to increase by 39.76%, but the outlook for the next 5-year period is at 45.67% per year.
LAZR Dividends
Luminar Technologies Inc is expected to release its next quarterly earnings report on 2025-Mar-19.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.69% of Luminar Technologies Inc shares while 30.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 31.37%. There are 30.84% institutions holding the Luminar Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.6874% of the shares, roughly 32.67 million LAZR shares worth $48.67 million.
FIRST TRUST ADVISORS LP holds the second largest percentage of outstanding shares, with 1.3451% or 5.72 million shares worth $8.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 749.09 shares estimated at $3.73 million under it, the former controlled 2.00% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.50% of the shares, roughly 564.51 shares worth around $2.81 million.
