Luminar Technologies Inc (NASDAQ:LAZR) traded at $1.67 at close of the session on Friday, July 19, made a downward move of -8.49% on its previous day’s price.
Looking at the stock we see that its previous close was $1.83 . In terms of its 52-week price range, LAZR has a high of $8.01 and a low of $1.21. The company’s stock has gained about 15.97% over that past 30 days.
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Luminar Technologies Inc has a market cap of $744.19 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.18, with the EPS growth for the year raised at -$0.66 for 2024 and -$0.49 for next year. These figures represent 24.10% and 25.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $20.39 million, with a low of $17.9 million and a high of $25.25 million. The median projection represents growth squeezing down to 25.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $107.02 million, or 53.40% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LAZR stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 3.71% off its SMA20 and 3.86% from its 50-day simple moving average. The RSI (14) is pointing at 50.51 while the volatility over the past week is 11.41% and jumps to 9.21% over the past one month. The beta value is 1.63, while the average true range (ATR) is currently pointing at 0.16.
Coming back to Luminar Technologies Inc (NASDAQ:LAZR), we note that the average 3-month trading volume was 8.49 million. Current shares outstanding are 322.74 million.
The insiders hold 30.43% of the company’s shares while institutions hold 26.78%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -50.45% down in year-to-date price movement.
