AEye Inc [NASDAQ: LIDR] loss -17.16% or -0.35 points to close at $1.69 with a heavy trading volume of 10163391 shares.
The daily chart for LIDR points out that the company has recorded -13.78% loss over the past six months.
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If we look at the average trading volume of 692.03K shares, LIDR reached to a volume of 10163391 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 AEye Inc [LIDR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LIDR shares is $1.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LIDR stock is a recommendation set at 3.00. 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.
DA Davidson have made an estimate for AEye Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 11, 2021. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 25, 2021, representing the official price target for AEye Inc stock. Previously, the target price had yet another raise to $14, while Guggenheim analysts kept a Buy rating on LIDR stock.
The Average True Range (ATR) for AEye Inc is set at 0.21, with the Price to Sales ratio for LIDR stock in the period of the last 12 months amounting to 106.95. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 1.54.
Trading performance analysis for LIDR stock
AEye Inc [LIDR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 53.64. With this latest performance, LIDR shares gained by 57.94% in over the last four-week period, additionally sinking by -13.78% over the last 6 months – not to mention a drop of -33.73% 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 LIDR stock in for the last two-week period is set at 62.58, with the RSI for the last a single of trading hit 63.86, and the three-weeks RSI is set at 61.15 for AEye Inc [LIDR]. The present Moving Average for the last 50 days of trading for this stock 1.14, while it was recorded at 1.45 for the last single week of trading, and 1.49 for the last 200 days.
AEye Inc [LIDR]: A deeper dive into fundamental analysis
AEye Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.24 and a Current Ratio set at 2.26.
An analysis of Institutional ownership at AEye Inc [LIDR]
There are presently around $21.70%, or 23.74%% of LIDR stock, in the hands of institutional investors.
