Luminar Technologies Inc (NASDAQ: LAZR) is -69.14% lower on its value in year-to-date trading and has touched a low of $0.79 and a high of $6.23 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 $1.00 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.04, the stock is -9.74% and -26.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.09 million and changing 4.00% at the moment leaves the stock -49.49% off its SMA200. LAZR registered -81.16% loss for a year compared to 6-month loss of -53.57%.
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The stock witnessed a -38.46% gain in the last 1 month and extending the period to 3 months gives it a -34.59%, and is 4.89% 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 7.77% over the week and 11.08% over the month.
Luminar Technologies Inc (LAZR) has around 800 employees, a market worth around $513.51M and $76.49M in sales. Profit margin for the company is -704.73%. Distance from 52-week low is 31.50% and -83.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-173.27%).
with sales reaching $18.87M over the same period.The EPS is expected to grow by 20.07% this year, but quarterly earnings will post 14.30% year-over-year.
Luminar Technologies Inc (LAZR) Top Institutional Holders
341.0 institutions hold shares in Luminar Technologies Inc (LAZR), with institutional investors hold 38.98% of the company’s shares. The shares outstanding are 493.76M, and float is at 353.07M with Short Float at 23.08%. Institutions hold 35.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.67 million shares valued at $48.67 million. The investor’s holdings represent 7.6874% of the LAZR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.18 million shares valued at $37.53 million to account for 5.9268 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.3 million shares representing 1.9533% and valued at over $12.37 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.7518 of the shares totaling 7.44 million with a market value of $11.09 million.
Luminar Technologies Inc (LAZR) Insider Activity
The most recent transaction is an insider sale by Prescott Alan, the company’s Chief 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.
