Luminar Technologies Inc. (LAZR) Stock Could Soon Reward Patient Investors

Luminar Technologies Inc. (NASDAQ: LAZR) is -7.44% 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 $31.47 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $38.50 for the next 12 months. It is also 23.0% off the consensus price target high of $41.00 offered by 4 analysts, but current levels are -5.23% lower than the price target low of $30.00 for the same period.

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Currently trading at $31.57, the stock is 1.41% and 39.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 0.31% at the moment leaves the stock 130.68% off its SMA200. LAZR registered 210.05% gain for a year compared to 6-month gain of 189.78%. The firm has a 50-day simple moving average (SMA 50) of $28.93 and a 200-day simple moving average (SMA200) of $15.27.

The stock witnessed a -7.90% loss in the last 1 month and extending the period to 3 months gives it a 196.05%, and is 4.73% up 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 7.63% over the week and 12.60% over the month.

Luminar Technologies Inc. (LAZR) has around 3 employees, a market worth around $9.93B and $17.32M in sales. Distance from 52-week low is 234.04% and -33.96% 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”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 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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