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Is There a Dimmer Outlook Ahead for Luminar Technologies Inc. (LAZR)?

Luminar Technologies Inc. (NASDAQ:LAZR) went up by 4.56% from its latest closing price compared to the recent 1-year high of $23.90. The company’s stock price has collected -3.19% of loss in the last five trading sessions. Barron’s reported on 05/25/22 that Luminar Hires Manager From Apple’s Car Project

Is It Worth Investing in Luminar Technologies Inc. (NASDAQ :LAZR) Right Now?

Plus, the 36-month beta value for LAZR is at 1.52. Opinions of the stock are interesting as 7 analysts out of 12 who provided ratings for Luminar Technologies Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $15.17, which is $4.3 above the current price. LAZR currently public float of 225.04M and currently shorts hold a 22.91% ratio of that float. Today, the average trading volume of LAZR was 6.39M shares.

LAZR’s Market Performance

LAZR stocks went down by -3.19% for the week, with a monthly drop of -10.69% and a quarterly performance of 23.78%, while its annual performance rate touched -46.69%. The volatility ratio for the week stands at 6.52% while the volatility levels for the past 30 days are set at 6.63% for Luminar Technologies Inc. The simple moving average for the period of the last 20 days is 8.58% for LAZR stocks with a simple moving average of -18.54% for the last 200 days.

Analysts’ Opinion of LAZR

Many brokerage firms have already submitted their reports for LAZR stocks, with JP Morgan repeating the rating for LAZR by listing it as a “Overweight.” The predicted price for LAZR in the upcoming period, according to JP Morgan is $30 based on the research report published on September 20th of the current year 2022.

Credit Suisse, on the other hand, stated in their research note that they expect to see LAZR reach a price target of $22. The rating they have provided for LAZR stocks is “Outperform” according to the report published on April 14th, 2022.

SMBC Nikko gave a rating of “Neutral” to LAZR, setting the target price at $16 in the report published on March 29th of the current year.

LAZR Trading at 17.18% 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 -60.15% of loss for the given period.

Volatility was left at 6.63%, however, over the last 30 days, the volatility rate increased by 6.52%, as shares surge +10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.94% upper at present.

During the last 5 trading sessions, LAZR rose by +8.28%, which changed the moving average for the period of 200-days by -39.25% in comparison to the 20-day moving average, which settled at $8.82. In addition, Luminar Technologies Inc. saw -46.13% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at LAZR starting from Russell Austin, who purchase 25,000 shares at the price of $9.39 back on Sep 15. After this action, Russell Austin now owns 1,005,000 shares of Luminar Technologies Inc., valued at $234,870 using the latest closing price.

Russell Austin, the Chairperson, President & CEO of Luminar Technologies Inc., purchase 25,000 shares at $9.18 during a trade that took place back on Sep 09, which means that Russell Austin is holding 980,000 shares at $229,582 based on the most recent closing price.

Stock Fundamentals for LAZR

Current profitability levels for the company are sitting at:

  • -704.52 for the present operating margin
  • -44.29 for the gross margin

The net margin for Luminar Technologies Inc. stands at -745.01. Equity return is now at value -130.10, with -40.20 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 21.68.

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