AEye Inc (NASDAQ:LIDR) saw a downside of -1.53% to close Friday at $0.20 after subtracting $0.0 on the day. The 5-day average trading volume is 833,900 shares of the company’s common stock. It has gained $0.2200 in the past week and touched a new high 2 times within the past 5 days. An average of 973,630 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,013,846.
LIDR’s 1-month performance is -25.40% or -$0.0825 on its low of $0.1960 reached on 09/19/23. The company’s shares have touched a 52-week low of $0.16 and high of $1.42, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, LIDR has lost -58.39% or -$0.2806 and has reached a new high 10 times. However, the current price is down -85.92% from the 52-week high price.
Insider Transactions
LIDR stock investors last saw insider trading activity on Aug 14.HSIEH Wen Hsuan (Director) most recently sold 643,289 shares at $0.31 per share on Aug 14. This transaction cost the insider $200,578. Chief Executive Officer, LACORTE BLAIR, sold 12,093 shares at a price of $0.90 on Oct 17.
Valuation Metrics
LIDR stock has a beta of 2.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.04 while the price-to-book (PB) in the most recent quarter is 0.55.
AEye Inc’s quick ratio for the period ended June 29 was 4.25, with the current ratio over the same period at 4.69. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.24, while the total debt to equity was 0.27. In terms of profitability, the gross margin trailing 12 months is -225.99%. The trailing 12-month EBITDA margin is -2633.62% while for the period ending June 29, AEye Inc’s operating margin was -2913.50%. 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 June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -65.13% to -$16.03 million, while revenue of -$26.27 million was -63.88% off the previous quarter. Analysts expected LIDR to announce -$0.09 per share in earnings in its latest quarter, but it posted -$0.09, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$15.9 million. LIDR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 30.26 million, with total debt at $17.53 million. Shareholders hold equity totaling $184.81 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 22 September was 28.93% to suggest the stock is trending oversold, with historical volatility in this time period at 68.33%.
The stock’s 5-day moving average is $0.2044, reflecting a -9.09% or -$0.0200 change from its current price. LIDR is currently trading -25.84% above its 20-day SMA, +5.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.71% and SMA200 by-80.77%.
Stochastic %K and %D was 9.93% and 14.33% and the average true range (ATR) pointed at 0.0216. The RSI (14) points at 36.21%, while the 14-day stochastic is at 4.49% with the period’s ATR at 0.0277. The stock’s 9-day MACD Oscillator is pointing at -0.0121 and -0.0256 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 $0.48 and a high of $0.48, with their median price target at $0.48. Looking at these predictions, the average price target given by analysts is for AEye Inc (LIDR) stock is $0.48.
