In the last trading session, 1.43 million shares of the Luminar Technologies Inc (NASDAQ:LAZR) were traded, and its beta was 2.07. Most recently the company’s share price was $3.74, and it changed around -$0.12 or -3.11% from the last close, which brings the market valuation of the company to $169.75M. LAZR currently trades at a discount to its 52-week high of $34.80, offering almost -830.48% off that amount. The share price’s 52-week low was $3.30, which indicates that the current value has risen by an impressive 11.76% since then.
Luminar Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.20. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended LAZR as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. Luminar Technologies Inc is expected to report earnings per share of -1.63 for the current quarter.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Instantly LAZR has showed a red trend with a performance of -3.11% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.10 on recent trading dayincreased the stock’s daily price by 8.78%. The company’s shares are currently down -30.48% year-to-date, but still down -8.33% over the last five days. On the other hand, Luminar Technologies Inc (NASDAQ:LAZR) is -26.09% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 58.44% from its current value. Analyst projections state that LAZR is forecast to be at a low of $3 and a high of $15.
Luminar Technologies Inc (LAZR) estimates and forecasts
The year-over-year growth rate is expected to be 14.64%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 16.27M in revenue for the current quarter. 4 analysts expect Luminar Technologies Inc to make 18.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 20.97M and 16.45M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.39%. Forecasts for the next quarter put sales growth at 13.08%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.83%. Luminar Technologies Inc earnings are expected to increase by 41.06% in 2025, but the outlook is positive 46.29% per year for the next five years.
LAZR Dividends
Luminar Technologies Inc’s next quarterly earnings report is expected to be released in June.
BLACKROCK INC., with 0.3698% or 25.18 million shares worth $37.53 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 749.09 shares worth $2.8 million, making up 1.85% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 686.91 shares worth around $2.57 million, which represents about 1.70% of the total shares outstanding.
