AEye Inc. (NASDAQ:LIDR) saw an upside of 10.01% to close Monday at $0.48 after adding $0.05 on the day. The 5-day average trading volume is 29,262,119 shares of the company’s common stock. It has gained $0.8000 in the past week and touched a new high 2 times within the past 5 days. An average of 12,269,490 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,935,300.
LIDR’s 1-month performance is 153.94% or $0.2891 on its low of $0.1800 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.16 and high of $2.96, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, LIDR has lost -0.77% or -$0.0037 and has reached a new high 10 times. However, the current price is down -83.89% from the 52-week high price.
Insider Transactions
LIDR stock investors last saw insider trading activity on May 31.LACORTE BLAIR (Chief Executive Officer) most recently sold 12,093 shares at $0.90 per share on Oct 17. This transaction cost the insider $10,860. Chief Executive Officer, LACORTE BLAIR, sold 12,093 shares at a price of $1.33 on Sep 16. Then, on Sep 06, Chief Executive Officer LACORTE BLAIR sold 42,968 shares at a price of $1.55 per share. This transaction amounted to $66,600.
Valuation Metrics
LIDR stock has a beta of 2.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 28.74 while the price-to-book (PB) in the most recent quarter is 1.04.
AEye Inc.’s quick ratio for the period ended March 30 was 4.40, with the current ratio over the same period at 4.70. The trailing 12-month EBITDA margin is -2633.62%. The firm’s gross profit as reported stood at -$5.08 million against revenue of $3.65 million.
Earnings Surprise
For the quarterly period ending March 30 this year, AEye Inc.’s cash and short-term investments amounted to $53.59 million against total debt of $21.67 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 5.29% to -$26.27 million, while revenue of -$23.74 million was 9.63% off the previous quarter. Analysts expected LIDR to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.16, representing a -23.10% surprise. EBITDA for the quarter stood at more than -$25.53 million. LIDR stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 34.11 million, with total debt at $21.67 million. Shareholders hold equity totaling $176.89 million.
Let’s look briefly at AEye Inc. (LIDR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 62.89% to suggest the stock is trending Neutral, with historical volatility in this time period at 314.16%.
The stock’s 5-day moving average is $0.5176, reflecting a +22.28% or $0.0869 change from its current price. LIDR is currently trading +154.21% above its 20-day SMA, +11.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +127.64% and SMA200 by-43.90%.
Stochastic %K and %D was 43.65% and 55.50% and the average true range (ATR) pointed at 0.1007. The RSI (14) points at 63.87%, while the 14-day stochastic is at 46.33% with the period’s ATR at 0.0797. The stock’s 9-day MACD Oscillator is pointing at 0.0485 and 0.1176 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for AEye Inc. (NASDAQ: LIDR), DA Davidson launched coverage with a Buy rating. Analysts offering their rating for LIDR stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate LIDR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is LIDR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.43 and a high of $0.43, with their median price target at $0.43. Looking at these predictions, the average price target given by analysts is for AEye Inc. (LIDR) stock is $0.43.
