Luminar Technologies Inc [NASDAQ: LAZR] closed the trading session at $1.00.
The stocks have a year to date performance of -70.33 percent and weekly performance of -1.96 percent. The stock has been moved at -54.34 percent over the last six months. The stock has performed -40.12 percent around the most recent 30 days and changed -34.21 percent over the most recent 3-months.
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If compared to the average trading volume of 10.17M shares, LAZR reached to a volume of 10230629 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 $3.08 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.
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 0.13, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 6.46.
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 -1.96. With this latest performance, LAZR shares dropped by -40.12% in over the last four-week period, additionally sinking by -54.34% over the last 6 months – not to mention a drop of -82.79% 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 37.89, with the RSI for the last a single of trading hit 38.68, and the three-weeks RSI is set at 39.11 for Luminar Technologies Inc [LAZR]. The present Moving Average for the last 50 days of trading for this stock 1.4230, while it was recorded at 0.9832 for the last single week of trading, and 2.0591 for the last 200 days.
Luminar Technologies Inc [LAZR]: An insightful look at the core fundamentals
Luminar Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.32.
Earnings per share (EPS) analysis for Luminar Technologies Inc [LAZR] stock
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 34.00%.
Luminar Technologies Inc [LAZR]: Institutional Ownership
There are presently around $35.87%, or 38.98%% of LAZR stock, in the hands of institutional investors. The top three institutional holders of LAZR stocks are: VANGUARD GROUP INC with ownership of 32.67 million shares, which is approximately 7.6874%. BLACKROCK INC., holding 25.18 million shares of the stock with an approximate value of $$37.53 million in LAZR stocks shares; and BLACKROCK INC., currently with $$12.37 million in LAZR stock with ownership which is approximately 1.9533%.
