Luminar Technologies Inc (NASDAQ: LAZR) is -83.28% lower on its value in year-to-date trading and has touched a low of $8.63 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 $8.88 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $8.45, the stock is -30.81% and -32.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -4.84% at the moment leaves the stock -58.73% off its SMA200. LAZR registered -77.47% loss for a year compared to 6-month loss of -64.57%. The firm has a 50-day simple moving average (SMA 50) of $12.5982 and a 200-day simple moving average (SMA200) of $20.633625.
The stock witnessed a -27.35% gain in the last 1 month and extending the period to 3 months gives it a -42.88%, and is -5.59% 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 9.46% over the week and 10.84% over the month.
Luminar Technologies Inc (LAZR) has around 800 employees, a market worth around $281.35M and $75.00M in sales. Distance from 52-week low is -2.09% and -84.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-126.10%).
The EPS is expected to shrink by -17.40% this year.
Luminar Technologies Inc (LAZR) Top Institutional Holders
324.0 institutions hold shares in Luminar Technologies Inc (LAZR), with institutional investors hold 36.71% of the company’s shares. The shares outstanding are 33.30M, and float is at 25.86M with Short Float at 25.87%. Institutions hold 35.56% 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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