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Are we looking at the next big move in AEye Inc (LIDR)?

AEye Inc (NASDAQ: LIDR) is 7.42% higher on its value in year-to-date trading and has touched a low of $0.92 and a high of $24.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LIDR stock was last observed hovering at around $2.49 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.46, the stock is 103.02% and 89.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.7 million and changing -1.20% at the moment leaves the stock -40.63% off its SMA200. LIDR registered -56.17% loss for a year compared to 6-month loss of -54.44%.

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The stock witnessed a 136.54% gain in the last 1 month and extending the period to 3 months gives it a 89.23%, and is 95.24% 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 42.79% over the week and 17.01% over the month.

AEye Inc (LIDR) has around 60 employees, a market worth around $15.99M and $1.46M in sales. Profit margin for the company is -5951.23%. Distance from 52-week low is 167.25% and -89.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-198.55%).

The EPS is expected to grow by 29.10% this year.

AEye Inc (LIDR) Top Institutional Holders

The shares outstanding are 6.31M, and float is at 5.39M with Short Float at 3.95%.

AEye Inc (LIDR) Insider Activity

The most recent transaction is an insider sale by Dussan Luis,the company’sDirector. SEC filings show that Dussan Luis sold 32,778 shares of the company’s common stock on Dec 01 ’23 at a price of $0.15 per share for a total of $4946.0. Following the sale, the insider now owns 16.34 million shares.

AEye Inc disclosed in a document filed with the SEC on Nov 30 ’23 that Dussan Luis (Director) sold a total of 64,109 shares of the company’s common stock. The trade occurred on Nov 30 ’23 and was made at $0.15 per share for $9886.0. Following the transaction, the insider now directly holds 16.38 million shares of the LIDR stock.

Still, SEC filings show that on Nov 29 ’23, Dussan Luis (Director) disposed off 87,054 shares at an average price of $0.15 for $13328.0. The insider now directly holds 16,441,872 shares of AEye Inc (LIDR).

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