Luminar Technologies Inc. [NASDAQ: LAZR] loss -5.04% on the last trading session, reaching $24.70 price per share at the time. The company report on March 19, 2021 that Luminar Provides Business Update, 2021 Milestones and Preliminary 2020 Results.
Luminar Technologies, Inc. (NASDAQ: LAZR), the global leader in automotive lidar hardware and software technology, is announcing today business updates and a year in review of 2020, including milestone results, preliminary financial results, and 2021 guidance.
“Luminar’s 2020 achievements reflect our product leadership and market ownership as we continue to execute and fulfill the vision of making safe autonomy a reality. Our successful debut as a public company has helped to further accelerate the expansion of our product roadmap in addition to commercial growth across passenger vehicle OEMs, trucking partners, and robo-taxi programs. This is validated by our latest major wins with SAIC and Zenseact, and we look forward to continuing to execute.”.
Luminar Technologies Inc. represents 218.82 million in outstanding shares, while the company has a total market value of $8.43 billion with the latest information. LAZR stock price has been found in the range of $23.52 to $26.05.
If compared to the average trading volume of 7.57M shares, LAZR reached a trading volume of 3338220 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Luminar Technologies Inc. [LAZR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LAZR shares is $34.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LAZR stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for Luminar Technologies Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 19, 2021. The new note on the price target was released on March 12, 2021, representing the official price target for Luminar Technologies Inc. stock. Previously, the target price had yet another drop from $41 to $38, while Northland Capital kept a Market Perform rating on LAZR stock.
The Average True Range (ATR) for Luminar Technologies Inc. is set at 2.84, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 486.53. The Price to Book ratio for the last quarter was 3.17, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for LAZR in the course of the last twelve months was 84256.64 with Quick ratio for the last quarter at 0.20.
Trading performance analysis for LAZR stock
Luminar Technologies Inc. [LAZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.44. With this latest performance, LAZR shares dropped by -12.26% in over the last four-week period, additionally plugging by 116.67% over the last 6 months – not to mention a rise of 134.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LAZR stock in for the last two-week period is set at 41.85, with the RSI for the last a single of trading hit 39.64, and the three-weeks RSI is set at 43.61 for Luminar Technologies Inc. [LAZR]. The present Moving Average for the last 50 days of trading for this stock 30.30, while it was recorded at 26.93 for the last single week of trading, and 18.84 for the last 200 days.
Luminar Technologies Inc. [LAZR]: A deeper dive into fundamental analysis
Luminar Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.
Luminar Technologies Inc. [LAZR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LAZR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Luminar Technologies Inc. go to 10.46%.
An analysis of insider ownership at Luminar Technologies Inc. [LAZR]
There are presently around $379 million, or 13.30% of LAZR stock, in the hands of institutional investors. The top three institutional holders of LAZR stocks are: CANVAS GP 1, L.L.C. with ownership of 6,907,353, which is approximately New of the company’s market cap and around 2.70% of the total institutional ownership; IDG CHINA VENTURE CAPITAL FUND IV ASSOCIATES L.P., holding 1,499,225 shares of the stock with an approximate value of $37.03 million in LAZR stocks shares; and ZEAL ASSET MANAGEMENT LTD, currently with $21.54 million in LAZR stock with ownership of nearly New of the company’s market capitalization.
123 institutional holders increased their position in Luminar Technologies Inc. [NASDAQ:LAZR] by around 13,889,743 shares. Additionally, 68 investors decreased positions by around 23,590,958 shares, while 1 investors held positions by with 22,142,279 shares. The mentioned changes placed institutional holdings at 15,338,422 shares, according to the latest SEC report filing. LAZR stock had 105 new institutional investments in for a total of 12,684,576 shares, while 52 institutional investors sold positions of 22,077,988 shares during the same period.