Luminar Technologies Inc (NASDAQ:LAZR) price on Wednesday, July 10, rose 9.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.68.
A look at the stock’s price movement, the close in the last trading session was $1.53. Turning to its 52-week performance, $8.32 and $1.21 were the 52-week high and 52-week low respectively. Overall, LAZR moved 17.48% over the past month.
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Luminar Technologies Inc’s market cap currently stands at around $748.64 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LAZR is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
LAZR’s current price about 15.46% and 7.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.86, while 7-day volatility ratio is 8.15% and 7.98% in the 30-day chart. Further, Luminar Technologies Inc (LAZR) has a beta value of 1.62, and an average true range (ATR) of 0.13.
If we refocus on Luminar Technologies Inc (NASDAQ:LAZR), historical trading data shows that trading volumes averaged 8.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 322.74 million shares.
The 30.43% of Luminar Technologies Inc’s shares are in the hands of company insiders while institutional holders own 26.99% of the company’s shares. Current price change has pushed the stock -50.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LAZR stock continues to rise going into the next quarter.
