Luminar Technologies Inc (NASDAQ:LAZR) currently has a daily average trading volume of 2.57M but it saw 2789337 shares traded in last market. With a market cap of 188.79M USD, the company’s current market price of $5.67 came falling about -8.55 while comparing to the previous closing price of $6.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.35 and as low as $5.58. In the recent trading on the day, stock has struck highest price mark of $5.5598 while lowest mark touched by it was $6.32.
Taking a look at 20-day trading activity of Luminar Technologies Inc (LAZR) gives us an average price of $8.08, while its current price level is -89.76% below from 52-week high level whereas it is 1.61% 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 $11.13 while that of 200 days or SMA-200 reads an average of $18.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.27% during that period while stretching the period over a month that increases to 10.66%. 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 25.69 which implies that the stock is in oversold 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 Deutsche Bank which resumed the stock as “Hold” in its note to investors issued on September 10, 2024, recommending a price target of $1 for it. BofA Securities downgraded its recommendation for the stock as a “Underperform” from “Neutral” on April 10, 2024 while assigning a price target range of $3.50-$1.20. Deutsche Bank issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $11 and $4.
Over the week, LAZR’s stock price is moving -24.30% down while it is -56.30% when we observe its performance for the past one month. Year-to-date it is -88.78% down and over the past year, the stock is showing a downside performance of -87.69%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.15 while estimate for next year EPS is -0.66. In next quarter, company is expected to be making quarterly sales of $20.61M as analysts are expecting the sales for current fiscal year at $70.28M and seeing the company making $113.39M in sales next year. Moreover, analysts are in estimates of $17.43M for current-quarter revenue.
Currently, Luminar Technologies Inc’s total number of outstanding shares is 33.30M. Company’s return on investment (ROI) stands at -126.10% and return on equity (ROE) at 178.10%. Stock’s beta reads 1.55. Stock has a price to sale or P/S ratio amounts to 2.52. Its return on asset (ROA) is -78.90% on average.
