At the last check on Thursday, AEye Inc.’s (NASDAQ:LIDR) stock was down -$0.01, moving down -2.49 percent to $0.25. The average number of shares traded per day over the past five days has been 973,364 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0171 fall in that time frame. In the last twenty days, the average volume was 3,113,781, while in the previous 50 days, it was 6,207,583.
Since last month, LIDR stock retreated -60.47%. Shares of the company fell to $0.2500 on 08/31/23, the lowest level in the past month. A 52-week high of $1.68 was reached on 02/06/23 after having rallying from a 52-week low of $0.16. Since the beginning of this year, LIDR’s stock price has dropped by -46.94% or -$0.2280, and marked a new high 10 times. However, the stock has declined by -84.82% since its 52-week high.
LIDR stock investors should be aware that AEye Inc. (LIDR) stock had its last reported insider trading activity 17 days ago on Aug 14. HSIEH Wen Hsuan, the Director of the company, disposed of 643,289 shares for $0.31 on Aug 14. It resulted in a $200,578 divestment by the insider. Dussan Luis added 4,621 shares at an average price of $0.22 on May 31. The insider now owns 1,142,215 shares following the transaction. On May 25, CTO and Chief Prdct Strategist Dussan Luis bought 5,236 shares at $0.19 apiece. The transaction was valued at $1,010.
Valuation Metrics
The stock’s beta is 2.82. Besides these, the trailing price-to-sales (P/S) ratio of 14.92, the price-to-book (PB) ratio of 0.55.
Financial Health
In the three months ended June 29, AEye Inc.’s quick ratio stood at 4.40, while its current ratio was 4.70, showing that the company is able to pay off its debt. Based on annual data, LIDR earned -$5.08 million in gross profit and brought in $3.65 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 -96.40%. Return on equity (ROE) for the past 12 months was -96.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LIDR’s revenue rose 308.82% to $0.64 million during the quarter, while net income inched up to -$0.34 million. While analysts expected AEye Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated -$15.9 million in EBITDA. The liabilities of AEye Inc. were 30.26 million at the end of its most recent quarter ended June 29, and its total debt was $17.53 million. The value of shareholders’ equity is $184.81 million.
Technical Picture
This quick technical analysis looks at AEye Inc.’s (LIDR) price momentum. With a historical volatility rate of 43.45%, the RSI 9-day stood at 38.34% on 30 August.
With respect to its five-day moving average, the current AEye Inc. price is down by -6.34% percent or -$0.0171. At present, LIDR shares trade -46.48% below its 20-day simple moving average and +0.24% percent above its 100-day simple moving average. However, the stock is currently trading approximately +44.34% above its SMA50 and -68.19% below its SMA200.
Stochastic coefficient K was 7.99% and Stochastic coefficient D was 8.90%, while ATR was 0.0380. Given the Stochastic reading of 2.38% for the 14-day period, the RSI (14) reading has been calculated as 43.70%.
Analyst Ratings
DA Davidson launched its rating on AEye Inc. (NASDAQ: LIDR) to a Buy in a note to investors on November 11, 2021. AEye Inc. (LIDR) has been rated Hold by analysts. According to 0 brokerage firms, LIDR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AEye Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $0.48, the current consensus forecast for the stock is $0.48 – $0.48. Based on these forecasts, analysts predict AEye Inc. (LIDR) will achieve an average price target of $0.48.
