Luminar Technologies Inc. (NASDAQ:LAZR) went down by -7.48% from its latest closing price compared to the recent 1-year high of $47.80. The company’s stock price has collected 2.57% of gains in the last five trading sessions. Press Release reported on 04/26/21 that Luminar Takes to the Skies in Partnership With World’s Largest Aviation Company
Is It Worth Investing in Luminar Technologies Inc. (NASDAQ :LAZR) Right Now?
Opinions of the stock are interesting as 2 analysts out of 5 who provided ratings for Luminar Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $26.80, which is $7.54 above the current price. LAZR currently public float of 189.28M and currently shorts hold a 14.65% ratio of that float. Today, the average trading volume of LAZR was 6.45M shares.
LAZR’s Market Performance
LAZR stocks went up by 2.57% for the week, with a monthly drop of -6.42% and a quarterly performance of -30.43%, while its annual performance rate touched 125.25%. The volatility ratio for the week stands at 10.19% while the volatility levels for the past 30 days are set at 9.25% for Luminar Technologies Inc.. The simple moving average for the period of the last 20 days is 6.39% for LAZR stocks with a simple moving average of 13.14% for the last 200 days.
Analysts’ Opinion of LAZR
Many brokerage firms have already submitted their reports for LAZR stocks, with BofA Securities repeating the rating for LAZR by listing it as a “Neutral.” The predicted price for LAZR in the upcoming period, according to BofA Securities is $23 based on the research report published on April 20th of the current year 2021.
Craig Hallum, on the other hand, stated in their research note that they expect to see LAZR reach a price target of $24. The rating they have provided for LAZR stocks is “Hold” according to the report published on March 19th, 2021.
Northland Capital gave a rating of “Outperform” to LAZR, setting the target price at $38 in the report published on March 12th of the current year.
LAZR Trading at -8.18% from the 50-Day Moving Average
After a stumble in the market that brought LAZR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.41% of loss for the given period.
Volatility was left at 9.25%, however, over the last 30 days, the volatility rate increased by 10.19%, as shares sank -6.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.72% lower at present.
During the last 5 trading sessions, LAZR rose by +2.57%, which changed the moving average for the period of 200-days by +109.10% in comparison to the 20-day moving average, which settled at $21.30. In addition, Luminar Technologies Inc. saw -33.09% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LAZR
Current profitability levels for the company are sitting at:
- -680.06 for the present operating margin
- -78.85 for the gross margin
The net margin for Luminar Technologies Inc. stands at -2596.93. The total capital return value is set at -34.98, while invested capital returns managed to touch -133.66. Equity return is now at value -109.40, with -83.60 for asset returns.
Based on Luminar Technologies Inc. (LAZR), the company’s capital structure generated 0.79 points at debt to equity in total, while total debt to capital is 0.78. Total debt to assets is 0.23, with long-term debt to equity ratio resting at 0.53. Finally, the long-term debt to capital ratio is 0.53.
When we switch over and look at the enterprise to sales, we see a ratio of 754.68, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 3.39 and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 30.19.