Luminar Technologies Inc (NASDAQ: LAZR) is 20.63% higher on its value in year-to-date trading and has touched a low of $4.93 and a high of $45.67 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 LAZR stock was last observed hovering at around $6.72 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $6.49, the stock is 0.74% and -25.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -3.42% at the moment leaves the stock -60.95% off its SMA200. LAZR registered -79.97% loss for a year compared to 6-month loss of -74.09%. The firm has a 50-day simple moving average (SMA 50) of $8.8066 and a 200-day simple moving average (SMA200) of $16.737776.
The stock witnessed a 4.68% gain in the last 1 month and extending the period to 3 months gives it a -47.52%, and is -4.56% 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 16.36% over the week and 13.97% over the month.
Luminar Technologies Inc (LAZR) has around 800 employees, a market worth around $216.09M and $75.00M in sales. Distance from 52-week low is 31.64% and -85.79% 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 0.79% year-over-year. Quarterly sales are estimated to shrink -20.88% in year-over-year returns.
Luminar Technologies Inc (LAZR) Top Institutional Holders
309.0 institutions hold shares in Luminar Technologies Inc (LAZR), with institutional investors hold 36.26% of the company’s shares. The shares outstanding are 33.30M, and float is at 26.03M with Short Float at 23.13%. Institutions hold 35.35% 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 Heng Jun Hong, the company’s Director. SEC filings show that Heng Jun Hong sold 72,842 shares of the company’s common stock on Dec 23 ’24 at a price of $5.10 per share for a total of $0.37 million. Following the sale, the insider now owns 0.0 shares.
