Additionally, the 36-month beta value for LAZR is 1.51. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LAZR is 276.51M and currently, short sellers hold a 29.69% ratio of that float. The average trading volume of LAZR on April 15, 2024 was 7.88M shares.
LAZR) stock’s latest price update
Luminar Technologies Inc (NASDAQ: LAZR)’s stock price has plunge by -9.72relation to previous closing price of 1.44. Nevertheless, the company has seen a -35.00% plunge in its stock price over the last five trading sessions. Barrons reported 2024-04-10 that BofA predicts the company will need to raise $1 billion in incremental capital through 2025.
LAZR’s Market Performance
Luminar Technologies Inc (LAZR) has seen a -35.00% fall in stock performance for the week, with a -32.29% decline in the past month and a -53.98% plunge in the past quarter. The volatility ratio for the week is 16.00%, and the volatility levels for the past 30 days are at 10.17% for LAZR. The simple moving average for the past 20 days is -28.46% for LAZR’s stock, with a -66.92% simple moving average for the past 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 “Underperform.” The predicted price for LAZR in the upcoming period, according to BofA Securities is $1.20 based on the research report published on April 10, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see LAZR reach a price target of $4, previously predicting the price at $11. The rating they have provided for LAZR stocks is “Hold” according to the report published on January 17th, 2024.
BofA Securities gave a rating of “Neutral” to LAZR, setting the target price at $5 in the report published on September 26th of the previous year.
LAZR Trading at -41.05% 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 -84.38% of loss for the given period.
Volatility was left at 10.17%, however, over the last 30 days, the volatility rate increased by 16.00%, as shares sank -26.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.21% lower at present.
During the last 5 trading sessions, LAZR fell by -35.00%, which changed the moving average for the period of 200-days by -79.46% in comparison to the 20-day moving average, which settled at $1.7940. In addition, Luminar Technologies Inc saw -61.42% 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 Prescott Alan, who sale 42,171 shares at the price of $5.57 back on Sep 06 ’23. After this action, Prescott Alan now owns 1,467,282 shares of Luminar Technologies Inc, valued at $234,682 using the latest closing price.
Fennimore Thomas, the Chief Financial Officer of Luminar Technologies Inc, sale 18,305 shares at $5.57 during a trade that took place back on Sep 06 ’23, which means that Fennimore Thomas is holding 692,699 shares at $101,867 based on the most recent closing price.
Stock Fundamentals for LAZR
Current profitability levels for the company are sitting at:
- -7.85 for the present operating margin
- -1.04 for the gross margin
The net margin for Luminar Technologies Inc stands at -8.2. The total capital return value is set at -1.28. Equity return is now at value -2424.67, with -95.24 for asset returns.
Based on Luminar Technologies Inc (LAZR), the company’s capital structure generated 1.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.37. The debt to equity ratio resting at -2.94. The interest coverage ratio of the stock is -49.59.
Currently, EBITDA for the company is -501.1 million with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 14.96. The receivables turnover for the company is 2.21for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.18.
Conclusion
In conclusion, Luminar Technologies Inc (LAZR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
