Luminar Technologies Inc (NASDAQ:LAZR) does about 7.74M shares in volume on a normal day but saw 5283471 shares change hands in Monday trading. The company now has a market cap of 615.96M USD. Its current market price is $1.46, marking an increase of 1.39% compared to the previous close of $1.44. The 52 week high reached by this stock is $8.32 whilst the lowest price level in 52 weeks is $1.21.
Luminar Technologies Inc (LAZR) has a 20-day trading average at $1.5588 and the current price is -82.45% off the 52-week high compared with 20.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8584 and its 200-day simple moving average is $3.5914. If we look at the stock’s price movements over the week, volatility stands at 12.14%, which decreases to 11.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.43 to suggest the stock is neutral.
The consensus objective for the share price is $5.09, suggesting that the stock has a potential upside of 71.32% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 10, 2024 when BofA Securities downgraded the stock to “Underperform” and issued a price target of between $3.50 and $1.20. Deutsche Bank also downgraded the stock to “Hold” from Buy on January 17, 2024 at a price target of $11-$4. BofA Securities resumed its price target at $5.
Luminar Technologies Inc (LAZR) stock is up 12.31% over the week and -25.89% over the past month. Its price is -56.68% year-to-date and -75.13% over the past year.
To reach the target analysts have set, the stock logically needs to grow 71.32 percent from here.
The company has a return on investment of -134.18% and return on equity of -2424.67%. The beta has a value of 1.53. Price to sales ratio is 8.83.
