The stock of AEye Inc. (NASDAQ:LIDR) increased by $0.01 on Monday to finish at $0.30, up 3.52 percent. The last five days have seen an average of 4,998,380 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.1806. The average number of shares traded over the last 20 days was 13,185,535, while the average volume over the last 50 days totaled 6,303,204.
LIDR stock appreciated 48.96% since last month. On 07/24/23, the company’s shares reached a one-month low of $0.1980. The stock touched a high of $2.96 on 02/06/23, after rallying from a low of $0.16 in 52 weeks. The price of LIDR stock has declined by -37.58% or -$0.1806 this year, reaching a new high 10 times. Still, the stock price is down -89.86% from the 52-week high.
Insider Transactions
LIDR stock investors should be aware that AEye Inc. (LIDR) stock had its last reported insider trading activity 76 days ago on May 31. On May 31, CTO and Chief Prdct Strategist Dussan Luis acquired 4,621 shares at $0.22 each. This transaction resulted in the insider spending $1,014. On May 25, Dussan Luis added 5,236 shares at a price of US$0.19. After the transaction, the insider now owns 1,137,594 shares. Director Dunn Timothy J had earlier bought 1,000 shares on Dec 16 for $0.79 a share. The transaction was completed for $794.
Valuation Metrics
Beta for the stock is 2.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 18.30, the price-to-book (PB) ratio of 0.65.
Financial Health
For the three months ended June 29, AEye Inc.’s quick ratio was 4.40, while its current ratio was 4.70, indicating its ability to pay off its debt. Based on annual data, it had gross profit of -$5.08 million and revenue of $3.65 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LIDR’s return on assets (ROA) during the last 12 months has been -71.10%. There was a -96.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -96.60%.
Earnings Surprise
According to AEye Inc.’s quarterly financial report for the quarter that ended June 29, it had $40.26 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at -$0.34 million, while revenues rose by 308.82% to $0.64 million. It was predicted that AEye Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.09. EBITDA was -$15.9 million for the quarter. At the end of AEye Inc.’s most recent quarter ended June 29, its liabilities totaled 30.26 million, while its total debt was $17.53 million. Equity owned by shareholders amounts to $184.81 million.
Technical Picture
Here’s a quick look at AEye Inc.’s (LIDR) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 43.46%, suggesting the stock is Neutral, with a 206.92% historical volatility rate.
The stochastic %K and %D were 16.64% and 23.43% respectively, while the average true range (ATR) was 0.0885. Based on the 14-day stochastic reading of 14.82%, the RSI (14) reading is 47.90%. On the 9-day MACD Oscillator, the stock is at -0.1164, and the 14-day reading is at -0.0868.
Analyst Ratings
In its analyst report released on November 11, 2021, DA Davidson began covering AEye Inc. (NASDAQ: LIDR). The stock was rated as a Buy by the brokerage firm. Analysts have assigned AEye Inc. (LIDR) an Hold rating. LIDR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is LIDR’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.48 and $0.48, with a median target price of $0.48. In analyzing these forecasts, the average price target given by analysts for AEye Inc. (LIDR) is $0.48.
