The stock has a 36-month beta value of 1.53. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LAZR is 25.86M, and at present, short sellers hold a 25.87% of that float. On December 04, 2024, the average trading volume of LAZR was 2.48M shares.
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LAZR) stock’s latest price update
Luminar Technologies Inc (NASDAQ: LAZR)’s stock price has decreased by -5.09 compared to its previous closing price of 8.45. However, the company has seen a -16.46% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-26 that Luminar’s Q3 2024 results were mixed, with an 8.6% revenue decline. This drop is attributed to a re-negotiated non-automotive contract, not affecting future growth reliant on LiDAR system adoption. Sensor sales increased quarter over quarter, boosted by Volvo’s EX 90 production, a key catalyst for Luminar’s sustained revenue growth. Despite current challenges, Luminar’s long-term prospects remain promising, with Volvo ramping up EX 90 deliveries in late 2024 and early 2025.
LAZR’s Market Performance
Luminar Technologies Inc (LAZR) has seen a -16.46% fall in stock performance for the week, with a -32.73% decline in the past month and a -45.08% plunge in the past quarter. The volatility ratio for the week is 7.85%, and the volatility levels for the past 30 days are at 10.74% for LAZR. The simple moving average for the last 20 days is -33.22% for LAZR stock, with a simple moving average of -60.54% 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 -35.54% 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 -85.51% of loss for the given period.
Volatility was left at 10.74%, however, over the last 30 days, the volatility rate increased by 7.85%, as shares sank -33.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.45% lower at present.
During the last 5 trading sessions, LAZR fell by -16.46%, which changed the moving average for the period of 200-days by -78.87% in comparison to the 20-day moving average, which settled at $12.01. In addition, Luminar Technologies Inc saw -84.13% 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:
- -6.7 for the present operating margin
- -0.8 for the gross margin
The net margin for Luminar Technologies Inc stands at -5.03. The total capital return value is set at -1.59. Equity return is now at value 178.10, with -78.90 for asset returns.
Based on Luminar Technologies Inc (LAZR), the company’s capital structure generated 1.88 points at debt to capital in total, while cash flow to debt ratio is standing at -0.49. The debt to equity ratio resting at -2.13. The interest coverage ratio of the stock is -25.44.
Currently, EBITDA for the company is -530.39 million with net debt to EBITDA at -1.46. When we switch over and look at the enterprise to sales, we see a ratio of 9.81. The receivables turnover for the company is 2.31for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.
Conclusion
To sum up, Luminar Technologies Inc (LAZR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
