In the last trading session, 1.63 million Luminar Technologies Inc (NASDAQ:LAZR) shares changed hands as the company’s beta touched 2.12. With the company’s per share price at $4.54 changed hands at -$0.18 or -3.81% during last session, the market valuation stood at $206.06M. LAZR’s last price was a discount, traded about -620.26% off its 52-week high of $32.70. The share price had its 52-week low at $3.30, which suggests the last value was 27.31% up since then.
Analysts gave the Luminar Technologies Inc (LAZR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.60. 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 (NASDAQ:LAZR) trade information
Instantly LAZR was in red as seen at the end of in last trading. With action -1.30%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.61%, with the 5-day performance at -1.30% in the red. However, in the 30-day time frame, Luminar Technologies Inc (NASDAQ:LAZR) is 19.47% up.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 74.78% from its current market value. According to analyst projections, LAZR’s forecast low is 1 with 315 as the target high. To hit the forecast high, the stock’s price needs a -6838.33% plunge from its current level, while the stock would need to tank 77.97% for it to hit the projected low.
Luminar Technologies Inc (LAZR) estimates and forecasts
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 50.26%, but the outlook for the next 5-year period is at 45.70% per year.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 0.3698% or 25.18 million shares worth $37.53 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 $3.4 million under it, the former controlled 1.85% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.70% of the shares, roughly 686.91 shares worth around $3.12 million.
