Luminar Technologies Inc [NASDAQ: LAZR] gained 1.41% or 0.02 points to close at $1.44 with a heavy trading volume of 5791033 shares.
The daily chart for LAZR points out that the company has recorded -39.24% loss over the past six months.
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If we look at the average trading volume of 9.12M shares, LAZR reached to a volume of 5791033 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 $4.65 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 2.27. 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.
BofA Securities have made an estimate for Luminar Technologies Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $11 to $4. The new note on the price target was released on January 17, 2024, representing the official price target for Luminar Technologies Inc stock. Previously, the target price had yet another raise to $5, while BofA Securities analysts kept a Neutral rating on LAZR stock. On May 10, 2023, analysts decreased their price target for LAZR shares from 12 to 10.
The Average True Range (ATR) for Luminar Technologies Inc is set at 0.14, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 8.42.
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 -1.71. With this latest performance, LAZR shares dropped by -15.79% in over the last four-week period, additionally sinking by -39.24% over the last 6 months – not to mention a drop of -77.71% 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 41.70, with the RSI for the last a single of trading hit 38.72, and the three-weeks RSI is set at 43.06 for Luminar Technologies Inc [LAZR]. The present Moving Average for the last 50 days of trading for this stock 1.5997, while it was recorded at 1.4600 for the last single week of trading, and 2.8368 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 3.18 and a Current Ratio set at 3.38.
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 38.70%.
An analysis of Institutional ownership at Luminar Technologies Inc [LAZR]
The top three institutional holders of LAZR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LAZR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LAZR stock with ownership which is approximately 5.8386%.
