Luminar Technologies Inc (NASDAQ: LAZR) is -26.39% lower on its value in year-to-date trading and has touched a low of $3.30 and a high of $32.70 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 $4.17 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $3.96, the stock is -3.71% and -16.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -5.04% at the moment leaves the stock -54.76% off its SMA200. LAZR registered -84.65% loss for a year compared to 6-month loss of -73.06%. The firm has a 50-day simple moving average (SMA 50) of $4.7544 and a 200-day simple moving average (SMA200) of $8.7528.
The stock witnessed a 8.20% gain in the last 1 month and extending the period to 3 months gives it a -43.51%, and is -16.81% 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 11.43% over the week and 8.09% over the month.
Luminar Technologies Inc (LAZR) has around 580 employees, a market worth around $195.48M and $73.31M in sales. Profit margin for the company is -311.15%. Distance from 52-week low is 20.00% and -87.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-92.49%).
The EPS is expected to grow by 52.25% this year
212.0 institutions hold shares in Luminar Technologies Inc (LAZR), with institutional investors hold 34.56% of the company’s shares. The shares outstanding are 40.52M, and float is at 39.47M with Short Float at 20.32%. Institutions hold 33.97% 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 0.4797 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 0.3698 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.3 million shares representing 0.1219 and valued at over $12.37 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.1093 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.
