Luminar Technologies Inc (NASDAQ: LAZR)’s stock price has decreased by -4.85 compared to its previous closing price of 1.03. However, the company has seen a 11.53% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Luminar Technologies’ stock has fallen nearly 98% from its 2020 peak due to missed revenue targets, large losses, and significant cash burn. Q3 revenues were $15.5 million, missing estimates by over $3.5 million, and this marked the fifth consecutive quarter of revenue shortfalls. Despite cost-cutting efforts, LAZR’s cash burn remains high, with ongoing dilution coming from stock-based compensation and equity sales.
Is It Worth Investing in Luminar Technologies Inc (NASDAQ: LAZR) Right Now?
Moreover, the 36-month beta value for LAZR is 1.67. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 2 as “sell.”
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The public float for LAZR is 391.51M and currently, short sellers hold a 29.03% of that float. On November 18, 2024, LAZR’s average trading volume was 30.61M shares.
LAZR’s Market Performance
The stock of Luminar Technologies Inc (LAZR) has seen a 11.53% increase in the past week, with a 18.86% rise in the past month, and a -1.16% fall in the past quarter. The volatility ratio for the week is 13.23%, and the volatility levels for the past 30 days are at 9.83% for LAZR. The simple moving average for the last 20 days is 9.78% for LAZR stock, with a simple moving average of -33.38% for the last 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 13.61% 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 -73.44% of loss for the given period.
Volatility was left at 9.83%, however, over the last 30 days, the volatility rate increased by 13.23%, as shares surge +16.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.50% upper at present.
During the last 5 trading sessions, LAZR rose by +11.53%, which changed the moving average for the period of 200-days by -66.44% in comparison to the 20-day moving average, which settled at $0.8927. In addition, Luminar Technologies Inc saw -70.92% 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:
- -6.74 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 -1.65.
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 -37.84.
Currently, EBITDA for the company is -530.39 million with net debt to EBITDA at -1.27. When we switch over and look at the enterprise to sales, we see a ratio of 14.49. 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 mixed in recent times. The stock has received a mixed 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.
