The Week Ahead: Are Investors Really Too Optimistic About AEye Inc (NASDAQ: LIDR)

AEye Inc (NASDAQ:LIDR) currently has a daily average trading volume of 507.39K but it saw 7506054 shares traded in last market. With a market cap of 10.51M USD, the company’s current market price of $0.56 came falling about -13.31 while comparing to the previous closing price of $0.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.15 and as low as $0.49.

Taking a look at 20-day trading activity of AEye Inc (LIDR) gives us an average price of $0.6755, while its current price level is -89.08% below from 52-week high level whereas it is 14.78% 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 $0.6320 while that of 200 days or SMA-200 reads an average of $1.0410. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.94% during that period while stretching the period over a month that decreases to 9.72%. 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 34.82 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 DA Davidson which initiated the stock as “Buy” in its note to investors issued on November 11, 2021, recommending a price target of $15 for it. Guggenheim also issued its recommendations for the stock as it initiated the price target for the stock is $14.

Over the week, LIDR’s stock price is moving -23.74% down while it is 7.45% when we observe its performance for the past one month. Year-to-date it is -55.73% down and over the past year, the stock is showing a downside performance of -55.38%.

Currently, AEye Inc’s total number of outstanding shares is 18.69M with 8.26% of that held by the insiders while 7.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -225.16% and return on equity (ROE) at -160.65%. It has a 0.43 of forward P/E ratio. Stock’s beta reads 2.69. Stock has a price to book (P/B) ratio of 0.51 while price to sale or P/S ratio amounts to 52.55. Its return on asset (ROA) is -87.09% on average.