Luminar Technologies Inc (NASDAQ:LAZR) has a beta value of 2.01 and has seen 1.1 million shares traded in the recent trading session. The company, currently valued at $130.58M, closed the recent trade at $2760000.0 per share which meant it gained $2759997.29 on the day or 1100766% during that session. The LAZR stock price is 100.0% off its 52-week high price of $32.70 and 100.0% above the 52-week low of $2.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.39 million shares traded. The 3-month trading volume is 2.76 million shares.
The consensus among analysts is that Luminar Technologies Inc (LAZR) is Buy stock at the moment, with a recommendation rating of 3.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
Luminar Technologies Inc (NASDAQ:LAZR) trade information
Over the past 30 days, the shares of Luminar Technologies Inc (NASDAQ:LAZR) have changed -33.46%. Short interest in the company has seen 8.9 million shares shorted with days to cover at 4.28.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could drop -15333233.33% from the levels at last check today.. The projected low price target is $1.0 while the price target rests at a high of $315.0. In that case, then, we find that the latest price level in today’s session is 99.99% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Luminar Technologies Inc (LAZR) estimates and forecasts
The company’s shares have lost -57.50% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.83% over the past 5 years. Earnings growth for 2025 is a modest 52.25% while over the next 5 years, the company’s earnings are expected to increase by 45.70%.
LAZR Dividends
Luminar Technologies Inc is expected to release its next earnings report on 2025-May-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Luminar Technologies Inc (NASDAQ:LAZR)’s Major holders
Insiders own 1.74% of the company shares, while shares held by institutions stand at 30.58% with a share float percentage of 31.12%. Investors are also buoyed by the number of investors in a company, with Luminar Technologies Inc having a total of 209.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 32.67 million shares worth more than $48.67 million. As of 2024-06-30, VANGUARD GROUP INC held 0.4797% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 25.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $37.53 million and represent 0.3698% of shares outstanding.
