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Positives for Luminar Technologies Inc (LAZR) as stock gains in recent trading

Luminar Technologies Inc (NASDAQ: LAZR) is -49.26% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $8.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LAZR stock was last observed hovering at around $1.69 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $1.71, the stock is 16.54% and -1.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.08 million and changing 1.18% at the moment leaves the stock -49.29% off its SMA200. LAZR registered -71.40% loss for a year compared to 6-month loss of -53.53%.

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The stock witnessed a 18.75% gain in the last 1 month and extending the period to 3 months gives it a -41.24%, and is 1.79% 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 15.76% over the week and 12.22% over the month.

Luminar Technologies Inc (LAZR) has around 800 employees, a market worth around $761.92M and $76.24M in sales. Profit margin for the company is -721.70%. Distance from 52-week low is 41.32% and -79.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-146.81%).

with sales reaching $22.12M over the same period. The EPS is expected to grow by 16.75% this year, but quarterly earnings will post 56.10% year-over-year. Quarterly sales are estimated to grow 36.60% in year-over-year returns.

Luminar Technologies Inc (LAZR) Top Institutional Holders

The shares outstanding are 322.74M, and float is at 296.68M with Short Float at 29.73%.

Luminar Technologies Inc (LAZR) Insider Activity

The most recent transaction is an insider sale by Prescott Alan,the company’sChief Legal Officer. SEC filings show that Prescott Alan sold 42,171 shares of the company’s common stock on Sep 06 ’23 at a price of $5.57 per share for a total of $0.23 million. Following the sale, the insider now owns 1.47 million shares.

Luminar Technologies Inc disclosed in a document filed with the SEC on Sep 06 ’23 that Fennimore Thomas (Chief Financial Officer) sold a total of 18,305 shares of the company’s common stock. The trade occurred on Sep 06 ’23 and was made at $5.57 per share for $0.1 million. Following the transaction, the insider now directly holds 0.69 million shares of the LAZR stock.

Still, SEC filings show that on Jun 05 ’23, Prescott Alan (Chief Legal Officer) disposed off 37,433 shares at an average price of $7.21 for $0.27 million. The insider now directly holds 1,509,453 shares of Luminar Technologies Inc (LAZR).

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