LACORTE BLAIR Acquires AEye Inc. (LIDR) Shares

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AEye Inc. (NASDAQ:LIDR) traded with an addition of $0.04 to $1.22 on Thursday, an upside of 2.97 percent. An average of 965,440 shares of common stock have been traded in the last five days. There was a fall of -$0.0650 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 888,620 shares traded, while the 50-day average volume stands at 784,028.

LIDR stock has decreased by -33.33% in the last month. The company shares reached their 1-month lowest point of $1.1000 on 09/22/22. With the stock rallying to its 52-week high on 06/02/22, shares of the company touched a low of $1.16 and a high of $9.90 in 52 weeks. It has reached a new high 8 times so far this year and lost -75.62% or -$3.5250 in price. In spite of this, the price is down -87.73% from the 52-week high.


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Insider Transactions

6 days have passed since AEye Inc. (LIDR) last reported insider trading activity. LACORTE BLAIR, who is Chief Executive Officer, most recently acquired $12,093 shares at $1.33 per share on Sep 16. In this transaction, the insider spent $16,084. Chief Executive Officer, LACORTE BLAIR, disposed of 42,968 shares at a price of $1.55 on Sep 06. The insider now owns more than $66,600 worth of shares. Prior to that, Chief Executive Officer LACORTE BLAIR went on to Sale 18,500 shares at $5.67 each on May 31. An amount of $104,802 was transacted.

Valuation Metrics

AEye Inc. (LIDR) has a trailing price-to-sales (P/S) ratio at 52.70, the price-to-book (PB) ratio at 1.46.

Financial Health

The quick ratio of AEye Inc. for the three months ended June 29 was 8.00, and the current ratio was 8.30, 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. Its gross profit as reported stood at -$0.63 million compared to revenue of $3.01 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AEye Inc.’s return on assets was -51.60%.

Earnings Surprise

The analyst consensus anticipated AEye Inc.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.17, a -13.30% surprise. For the quarter, EBITDA amounted to -$26.15 million. Shareholders own equity worth $159.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AEye Inc. (LIDR) price momentum. RSI 9-day as of the close on 21 September was 37.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 83.81%.

As of today, LIDR’s price is $1.2750 -4.71% or -$0.0650 from its 5-day moving average. LIDR is currently trading -24.86% lower than its 20-day SMA and -74.27% lower than its 100-day SMA. However, the stock’s current price level is -34.58% below the SMA50 and -71.41% below the SMA200.

The stochastic %K and %D were 15.97% and 9.90%, respectively, and the average true range (ATR) was 0.1378. With the 14-day stochastic at 39.45% and the average true range at 0.1455, the RSI (14) stands at 35.94%. The stock has reached -0.1056 on the 9-day MACD Oscillator while the 14-day reading was at -0.1661.

Analyst Ratings

DA Davidson launched coverage on AEye Inc. (NASDAQ: LIDR) in its analyst report released on November 11, 2021. The firm assigned the stock a Buy rating. The consensus rating for AEye Inc. (LIDR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LIDR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is LIDR’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $15.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for AEye Inc. (LIDR) stock is $10.67.

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