Luminar Technologies Inc (NASDAQ: LAZR) is -81.01% lower on its value in year-to-date trading and has touched a low of $8.80 and a high of $55.35 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 $8.95 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $9.60, the stock is -25.87% and -24.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.14 million and changing 7.26% at the moment leaves the stock -54.51% off its SMA200. LAZR registered -76.64% loss for a year compared to 6-month loss of -60.98%. The firm has a 50-day simple moving average (SMA 50) of $12.8696 and a 200-day simple moving average (SMA200) of $21.2726.
The stock witnessed a -21.46% gain in the last 1 month and extending the period to 3 months gives it a -38.46%, and is -26.00% 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 13.95% over the week and 11.77% over the month.
Luminar Technologies Inc (LAZR) has around 800 employees, a market worth around $319.64M and $75.00M in sales. Distance from 52-week low is 9.09% and -82.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-126.10%).
with sales reaching $17.5M over the same period.The EPS is expected to shrink by -17.40% this year, but quarterly earnings will post 0.71% year-over-year. Quarterly sales are estimated to shrink -20.85% in year-over-year returns.
Luminar Technologies Inc (LAZR) Top Institutional Holders
324.0 institutions hold shares in Luminar Technologies Inc (LAZR), with institutional investors hold 43.03% of the company’s shares. The shares outstanding are 33.30M, and float is at 25.86M with Short Float at 29.31%. Institutions hold 41.68% 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
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