Luminar Technologies Inc [NASDAQ: LAZR] traded at a high on Friday, posting a 0.59 gain after which it closed the day’ session at $0.87.
The results of the trading session contributed to over 36165958 shares changing hands. Over the past one week, the price volatility of Luminar Technologies Inc stands at 14.80% while the volatility over the past one month is 12.66%.
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The market cap for LAZR stock reached $440.04 million, with 506.20 million shares outstanding and 391.21 million shares in the current float. Compared to the average trading volume of 22.08M shares, LAZR reached a trading volume of 36165958 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $2.53 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 2.56. 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.
Deutsche Bank have made an estimate for Luminar Technologies Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 10, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $3.50 to $1.20. The new note on the price target was released on April 10, 2024, representing the official price target for Luminar Technologies Inc stock. Previously, the target price had yet another drop from $11 to $4, while Deutsche Bank kept a Hold rating on LAZR stock.
The Average True Range (ATR) for Luminar Technologies Inc is set at 0.11, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 5.75.
How has LAZR stock performed recently?
Luminar Technologies Inc [LAZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, LAZR shares gained by 10.57% in over the last four-week period, additionally sinking by -33.13% over the last 6 months – not to mention a drop of -79.50% 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 48.04, with the RSI for the last a single of trading hit 49.82, and the three-weeks RSI is set at 46.19 for Luminar Technologies Inc [LAZR]. The present Moving Average for the last 50 days of trading for this stock 0.9303, while it was recorded at 0.8774 for the last single week of trading, and 1.7171 for the last 200 days.
Luminar Technologies Inc [LAZR]: Deeper insight into the 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 analysis for Luminar Technologies Inc [LAZR]
With the latest financial reports released by the company, Luminar Technologies Inc posted -0.21/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 20.00%.
Insider trade positions for Luminar Technologies Inc [LAZR]
There are presently around $35.03%, or 36.10%% of LAZR stock, in the hands of institutional investors. The top three institutional holders of LAZR stocks are: VANGUARD GROUP INC with ownership of 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%.
