In the past week, LAZR stock has gone down by -2.47%, with a monthly decline of -3.07% and a quarterly plunge of -40.69%. The volatility ratio for the week is 12.17%, and the volatility levels for the last 30 days are 9.75% for Luminar Technologies Inc The simple moving average for the past 20 days is -5.51% for LAZR’s stock, with a -48.97% simple moving average for the past 200 days.
Is It Worth Investing in Luminar Technologies Inc (NASDAQ: LAZR) Right Now?
The 36-month beta value for LAZR is also noteworthy at 1.61. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 2 rating it as “sell.”
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The public float for LAZR is 391.21M, and at present, short sellers hold a 28.34% of that float. The average trading volume of LAZR on November 04, 2024 was 29.02M shares.
LAZR) stock’s latest price update
Luminar Technologies Inc (NASDAQ: LAZR) has seen a rise in its stock price by 2.50 in relation to its previous close of 0.78. However, the company has experienced a -2.47% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-10-21 that ORLANDO, Fla.–(BUSINESS WIRE)–Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update for the third quarter of 2024 following the close of the market on Monday, November 11th, 2024. Separately, the company would like to remind investors that Luminar will be holding a virtual Special Meeting of Stockholders on October 30th, 2024 at 11:00 a.m. EDT (8:00 a.m. PDT) to vote on our proposal to carry out a reverse stock sp.
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 -8.34% 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 -80.08% of loss for the given period.
Volatility was left at 9.75%, however, over the last 30 days, the volatility rate increased by 12.17%, as shares sank -10.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.91% lower at present.
During the last 5 trading sessions, LAZR fell by -2.47%, which changed the moving average for the period of 200-days by -63.20% in comparison to the 20-day moving average, which settled at $0.8412. In addition, Luminar Technologies Inc saw -76.42% 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 13.24. 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
In summary, Luminar Technologies Inc (LAZR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
