Luminar Technologies Inc. (LAZR) Volatility At 12.37%, Should You Add A Position?

Luminar Technologies Inc. (NASDAQ: LAZR) is -7.82% lower on its value in year-to-date trading and has touched a low of $9.45 and a high of $47.80 in the current 52-week trading range. The LAZR stock was last observed hovering at around $34.00 in the last trading session, with the day’s loss setting it -2.66% off its average median price target of $37.00 for the next 12 months. It is also 23.56% off the consensus price target high of $41.00 offered by 3 analysts, but current levels are -4.47% lower than the price target low of $30.00 for the same period.

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Currently trading at $31.34, the stock is -1.86% and 59.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.14 million and changing -7.82% at the moment leaves the stock 141.94% off its SMA200. LAZR registered 207.25% gain for a year compared to 6-month gain of 190.19%. The firm has a 50-day simple moving average (SMA 50) of $25.05 and a 200-day simple moving average (SMA200) of $14.21.

The stock witnessed a 74.11% loss in the last 1 month and extending the period to 3 months gives it a 188.05%, and is -5.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.37% over the week and 17.42% over the month.

Luminar Technologies Inc. (LAZR) has around 3 employees, a market worth around $10.79B and $17.32M in sales. Distance from 52-week low is 231.64% and -34.44% from its 52-week high.

Luminar Technologies Inc. (LAZR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Luminar Technologies Inc. (LAZR) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Luminar Technologies Inc. quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $3.9M over the same period..

Luminar Technologies Inc. (LAZR) Top Institutional Holders

94 institutions hold shares in Luminar Technologies Inc. (LAZR), with 99.02M shares held by insiders accounting for 30.57% while institutional investors hold 16.49% of the company’s shares. The shares outstanding are 218.82M, and float is at 203.94M with Short Float at 3.46%. Institutions hold 11.45% of the Float.

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