Luminar Technologies Inc. (NASDAQ:LAZR) trading with a subtraction of -$0.06 to $15.92 on Thursday, a downside of -0.36 percent. An average of 1,681,252 shares of common stock have been traded in the last five days. There was a gain of $0.93 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,345,878 shares traded, while the 50-day average volume stands at 2,952,091.
LAZR stock has decreased by -4.20% in the last month. The company shares reached their 1-month lowest point of $14.40 on 10/04/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $9.95 and a high of $47.80 in 52 weeks. It has reached a new high 5 times so far this year and lost -53.00% or -$17.89 in price. In spite of this, the price is down -66.69% from the 52-week high.
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105 days have passed since Luminar Technologies Inc. (LAZR) last reported insider trading activity. Russell Austin, who is Chairperson, President & CEO, most recently acquired $10,500,000 shares at $21.00 per share on Jul 01.
Luminar Technologies Inc. (LAZR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.85 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 302.82, the price-to-book (PB) ratio at 9.93.
The quick ratio of Luminar Technologies Inc. for the three months ended June 29 was 24.60, and the current ratio was 24.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Luminar Technologies Inc.’s EBITDA margin for the year ending June 29 is -662.02%. Its gross profit as reported stood at -$11.0 million compared to revenue of $13.95 million.
For the three-month period that ended June 29, Luminar Technologies Inc. had $445.76 million in cash and short-term investments compared to $0.19 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$36.83 million in the quarter, while revenues of -$75.92 million were grew 100.0%. The analyst consensus anticipated Luminar Technologies Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.11, a -57.10% surprise. For the quarter, EBITDA amounted to -$43.19 million. Shareholders own equity worth $342.21 million.
From a technical analysis perspective, let’s take a brief look at Luminar Technologies Inc. (LAZR) price momentum. RSI 9-day as of the close on 13 October was 56.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.44%.
As of today, LAZR’s price is $15.52 +6.13% or $0.93 from its 5-day moving average. LAZR is currently trading -3.76% lower than its 20-day SMA and -24.01% lower than its 100-day SMA. However, the stock’s current price level is -10.55% below the SMA50 and -50.22% below the SMA200.
The stochastic %K and %D were 42.35% and 32.03%, respectively, and the average true range (ATR) was 0.70. With the 14-day stochastic at 48.71% and the average true range at 0.74, the RSI (14) stands at 50.55%. The stock has reached 0.58 on the 9-day MACD Oscillator while the 14-day reading was at 0.32.
Robert W. Baird upgraded Luminar Technologies Inc. (NASDAQ: LAZR) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Luminar Technologies Inc. (LAZR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LAZR, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is LAZR’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $38.00, with a median target of $29.00. Taking a look at these predictions, the average price target given by analysts for Luminar Technologies Inc. (LAZR) stock is $28.63.