Luminar Technologies Inc (NASDAQ:LAZR) currently has a daily average trading volume of 8.35M but it saw 6833574 shares traded in last market. With a market cap of 672.89M USD, the company’s current market price of $1.51 came falling about -9.04 while comparing to the previous closing price of $1.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.01 and as low as $1.21.
Taking a look at 20-day trading activity of Luminar Technologies Inc (LAZR) gives us an average price of $1.7180, while its current price level is -81.15% below from 52-week high level whereas it is 24.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.5863 while that of 200 days or SMA-200 reads an average of $2.2627. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.37% during that period while stretching the period over a month that increases to 8.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.41 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which downgraded the stock as “Underperform” in its note to investors issued on April 10, 2024, recommending a price target of between $3.50 and $1.20 for it. Deutsche Bank downgraded its recommendation for the stock as a “Hold” from “Buy” on January 17, 2024 while assigning a price target range of $11-$4. BofA Securities issued its recommendations for the stock as it resumed the price target for the stock is $5.
Over the week, LAZR’s stock price is moving -9.58% down while it is 7.86% when we observe its performance for the past one month. Year-to-date it is -55.19% down and over the past year, the stock is showing a downside performance of -80.74%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.21 beat the consensus estimate of -0.23 for the same. In next quarter, company is expected to be making quarterly sales of $29.69M as analysts are expecting the sales for current fiscal year at $107.02M and seeing the company making $234.98M in sales next year. Moreover, analysts are in estimates of $20.39M for current-quarter revenue.
Currently, Luminar Technologies Inc’s total number of outstanding shares is 322.74M. Company’s return on investment (ROI) stands at -146.81%. Stock’s beta reads 1.62. Stock has a price to sale or P/S ratio amounts to 8.83. Its return on asset (ROA) is -97.70% on average.
