How Much Does Luminar Technologies Inc. (LAZR) Pay Out In Dividends?


As of Wednesday close, Luminar Technologies Inc.’s (NASDAQ:LAZR) stock was up $0.19, moving up 2.53 percent to $7.71. The average number of shares traded per day over the past five days has been 4,353,020 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.83 fall in that time frame. In the last twenty days, the average volume was 5,912,545, while in the previous 50 days, it was 6,608,188.

Since last month, LAZR stock rose 2.12%. Shares of the company fell to $6.45 on 11/09/22, the lowest level in the past month. A 52-week high of $18.75 was reached on 01/05/22 after having rallying from a 52-week low of $5.61. Since the beginning of this year, LAZR’s stock price has dropped by -54.41% or -$9.20, and marked a new high 3 times. However, the stock has declined by -58.88% since its 52-week high.

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LAZR stock investors should be aware that Luminar Technologies Inc. (LAZR) stock had its last reported insider trading activity 66 days ago on Sep 20. Russell Austin, the Chairperson, President & CEO of the company, purchased of 25,000 shares for $9.87 on Sep 20. It resulted in a $246,818 investment by the insider. Russell Austin added 25,000 shares at an average price of $9.39 on Sep 15. The insider now owns 1,005,000 shares following the transaction. On Sep 09, Chairperson, President & CEO Russell Austin bought 25,000 shares at $9.18 apiece. The transaction was valued at $229,582.

Valuation Metrics

The stock’s beta is 1.54. Besides these, the trailing price-to-sales (P/S) ratio of 69.21, the price-to-book (PB) ratio of 64.25.

Financial Health

In the three months ended June 29, Luminar Technologies Inc.’s quick ratio stood at 9.70, while its current ratio was 9.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 14.22, and the total debt-to-equity ratio was 14.23. Based on annual data, LAZR earned -$14.15 million in gross profit and brought in $31.94 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -26.40%. Return on equity (ROE) for the past 12 months was -330.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LAZR’s revenue rose 37.61% to $9.93 million during the quarter, while net income inched up to $12.79 million. While analysts expected Luminar Technologies Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated -$112.12 million in EBITDA. The liabilities of Luminar Technologies Inc. were 699.55 million at the end of its most recent quarter ended June 29, and its total debt was $629.26 million. The value of shareholders’ equity is $362.76 million.

Technical Picture

This quick technical analysis looks at Luminar Technologies Inc.’s (LAZR) price momentum. With a historical volatility rate of 129.13%, the RSI 9-day stood at 48.07% on 23 November.

With respect to its five-day moving average, the current Luminar Technologies Inc. price is down by -9.72% percent or -$0.83. At present, LAZR shares trade +2.39% above its 20-day simple moving average and +26.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.27% below its SMA50 and -50.55% below its SMA200.

Stochastic coefficient K was 38.98% and Stochastic coefficient D was 42.74%, while ATR was 0.65. Given the Stochastic reading of 44.27% for the 14-day period, the RSI (14) reading has been calculated as 49.12%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -0.27.

Analyst Ratings

Rosenblatt launched its rating on Luminar Technologies Inc. (NASDAQ: LAZR) to a Neutral in a note to investors on October 25, 2022. Luminar Technologies Inc. (LAZR) has been rated Overweight by analysts. According to 0 brokerage firms, LAZR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Luminar Technologies Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $8.00 – $30.00. Based on these forecasts, analysts predict Luminar Technologies Inc. (LAZR) will achieve an average price target of $13.82.


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