Moreover, the 36-month beta value for LAZR is 1.60. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 2 as “sell.”
The public float for LAZR is 390.65M and currently, short sellers hold a 25.25% of that float. On September 27, 2024, LAZR’s average trading volume was 17.36M shares.
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LAZR) stock’s latest price update
Luminar Technologies Inc (NASDAQ: LAZR)’s stock price has soared by 4.57 in relation to previous closing price of 0.92. Nevertheless, the company has seen a gain of 14.70% in its stock price over the last five trading days. fool.com reported 2024-09-24 that Luminar Technologies shares jumped after the Biden administration proposed restrictions on Russian and Chinese vehicle software. The U.S. is pushing to ban software and hardware from China and Russia, hoping to protect the U.S. auto industry and the autonomous driving sector.
LAZR’s Market Performance
LAZR’s stock has risen by 14.70% in the past week, with a monthly drop of -3.97% and a quarterly drop of -35.55%. The volatility ratio for the week is 12.23% while the volatility levels for the last 30 days are 11.45% for Luminar Technologies Inc. The simple moving average for the past 20 days is 11.22% for LAZR’s stock, with a -47.81% simple moving average for the past 200 days.
Analysts’ Opinion of LAZR
Many brokerage firms have already submitted their reports for LAZR stocks, with Deutsche Bank repeating the rating for LAZR by listing it as a “Hold.” The predicted price for LAZR in the upcoming period, according to Deutsche Bank is $1 based on the research report published on September 10, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see LAZR reach a price target of $1.20, previously predicting the price at $3.50. The rating they have provided for LAZR stocks is “Underperform” according to the report published on April 10th, 2024.
Deutsche Bank gave a rating of “Hold” to LAZR, setting the target price at $4 in the report published on January 17th of the current year.
LAZR Trading at -13.31% 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 -79.21% of loss for the given period.
Volatility was left at 11.45%, however, over the last 30 days, the volatility rate increased by 12.23%, as shares sank -6.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.68% lower at present.
During the last 5 trading sessions, LAZR rose by +14.06%, which changed the moving average for the period of 200-days by -61.34% in comparison to the 20-day moving average, which settled at $0.8602. In addition, Luminar Technologies Inc saw -71.50% 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:
- -6.66 for the present operating margin
- -0.83 for the gross margin
The net margin for Luminar Technologies Inc stands at -7.05. The total capital return value is set at -1.63.
Based on Luminar Technologies Inc (LAZR), the company’s capital structure generated 2.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.43. The debt to equity ratio resting at -1.84. The interest coverage ratio of the stock is -37.38.
Currently, EBITDA for the company is -501.1 million with net debt to EBITDA at -1.29. When we switch over and look at the enterprise to sales, we see a ratio of 14.4. The receivables turnover for the company is 2.07for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.32.
Conclusion
To wrap up, the performance of Luminar Technologies Inc (LAZR) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
