Luminar Technologies Inc. [LAZR] Stock trading around $18.14 per share: What’s Next?

Luminar Technologies Inc. [NASDAQ: LAZR] closed the trading session at $18.14 on 07/16/21. The day’s price range saw the stock hit a low of $17.94, while the highest price level was $18.69. The company report on July 15, 2021 that Luminar to Provide Quarterly Business Update on August 12, 2021.

>> 7 Top Picks for the Post-Pandemic Economy <<

Luminar Technologies, Inc. (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, announced that it will provide its quarterly business update and report its financials for the second quarter ended June 30, 2021, following the close of the market on Thursday, August 12, 2021. Founder and CEO Austin Russell and CFO Tom Fennimore will host a video webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss business and financial results as well as the company’s outlook.

The webcast will feature a live Q&A session following the business and financial update.

The stocks have a year to date performance of -46.65 percent and weekly performance of -9.98 percent. The stock has been moved at -43.96 percent over the last six months. The stock has performed -24.39 percent around the most recent 30 days and changed 2.66 percent over the most recent 3-months.

If compared to the average trading volume of 5.65M shares, LAZR reached to a volume of 3671764 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $29.25 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 2.10. 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.

Robert W. Baird have made an estimate for Luminar Technologies Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 25, 2021. While these analysts kept the previous recommendation, Berenberg raised their target price to Hold. The new note on the price target was released on May 25, 2021, representing the official price target for Luminar Technologies Inc. stock. Previously, the target price had yet another raise to $23, while BofA Securities analysts kept a Neutral rating on LAZR stock.

The Average True Range (ATR) for Luminar Technologies Inc. is set at 1.19, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 408.02. The Price to Book ratio for the last quarter was 10.67, with the Price to Cash per share for the same quarter was set at 1.76.

LAZR stock trade performance evaluation

Luminar Technologies Inc. [LAZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.98. With this latest performance, LAZR shares dropped by -24.39% in over the last four-week period, additionally sinking by -43.96% over the last 6 months – not to mention a rise of 65.66% 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 29.25, with the RSI for the last a single of trading hit 19.60, and the three-weeks RSI is set at 35.76 for Luminar Technologies Inc. [LAZR]. The present Moving Average for the last 50 days of trading for this stock 21.78, while it was recorded at 19.04 for the last single week of trading, and 22.94 for the last 200 days.

Luminar Technologies Inc. [LAZR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Luminar Technologies Inc. [LAZR] shares currently have an operating margin of -680.06 and a Gross Margin at -78.85. Luminar Technologies Inc.’s Net Margin is presently recorded at -2596.93.

Return on Total Capital for LAZR is now -34.98, given the latest momentum, and Return on Invested Capital for the company is -133.66. Return on Equity for this stock declined to -133.86, with Return on Assets sitting at -78.91. When it comes to the capital structure of this company, Luminar Technologies Inc. [LAZR] has a Total Debt to Total Equity ratio set at 0.79. Additionally, LAZR Total Debt to Total Capital is recorded at 0.78, with Total Debt to Total Assets ending up at 0.23. Long-Term Debt to Equity for the company is recorded at 0.53, with the Long-Term Debt to Total Capital now at 0.53.

Reflecting on the efficiency of the workforce at the company, Luminar Technologies Inc. [LAZR] managed to generate an average of -$973,919 per employee. Receivables Turnover for the company is 3.39 with a Total Asset Turnover recorded at a value of 0.03.Luminar Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 29.40 and a Current Ratio set at 29.60.

Luminar Technologies Inc. [LAZR]: Insider Ownership positions

There are presently around $739 million, or 26.10% of LAZR stock, in the hands of institutional investors. The top three institutional holders of LAZR stocks are: VANGUARD GROUP INC with ownership of 14,944,678, which is approximately New of the company’s market cap and around 0.10% of the total institutional ownership; CANVAS GP 1, L.L.C., holding 6,907,353 shares of the stock with an approximate value of $125.3 million in LAZR stocks shares; and BLACKROCK INC., currently with $60.3 million in LAZR stock with ownership of nearly New of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

Positions in Luminar Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 110 institutional holders increased their position in Luminar Technologies Inc. [NASDAQ:LAZR] by around 36,334,827 shares. Additionally, 80 investors decreased positions by around 4,087,528 shares, while 20 investors held positions by with 302,464 shares. The mentioned changes placed institutional holdings at 40,724,819 shares, according to the latest SEC report filing. LAZR stock had 65 new institutional investments in for a total of 31,844,280 shares, while 50 institutional investors sold positions of 3,134,903 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam