Luminar Technologies Inc (LAZR) Looks Ready for Growth Despite -75.69% Change This Year

Luminar Technologies Inc (NASDAQ: LAZR) is -75.69% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $3.99 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 $0.84 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $0.82, the stock is -4.64% and -8.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.09 million and changing -2.41% at the moment leaves the stock -50.16% off its SMA200. LAZR registered -77.68% loss for a year compared to 6-month loss of -36.98%. The firm has a 50-day simple moving average (SMA 50) of $0.89154 and a 200-day simple moving average (SMA200) of $1.64375.

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The stock witnessed a -2.15% gain in the last 1 month and extending the period to 3 months gives it a -52.65%, and is -1.43% 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 4.60% over the week and 10.16% over the month.

Luminar Technologies Inc (LAZR) has around 800 employees, a market worth around $414.68M and $76.49M in sales. Profit margin for the company is -704.73%. Distance from 52-week low is 12.95% and -79.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-173.27%).

with sales reaching $18.68M over the same period.The EPS is expected to grow by 22.63% this year, but quarterly earnings will post 9.20% year-over-year.

Luminar Technologies Inc (LAZR) Top Institutional Holders

338.0 institutions hold shares in Luminar Technologies Inc (LAZR), with institutional investors hold 36.02% of the company’s shares. The shares outstanding are 506.20M, and float is at 391.21M with Short Float at 24.85%. Institutions hold 34.95% 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.