AEye Inc (NASDAQ:LIDR) shares, rose in value on Wednesday, December 11, with the stock price up by 11.02% to the previous day’s close as strong demand from buyers drove the stock to $1.29.
Actively observing the price movement in the last trading, the stock closed the session at $1.16, falling within a range of $1.15 and $1.34. The value of beta (5-year monthly) was 2.953. Referring to stock’s 52-week performance, its high was $5.15, and the low was $0.78. On the whole, LIDR has fluctuated by 12.17% over the past month.
With the market capitalization of AEye Inc currently standing at about $11.78 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LIDR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of LIDR currently trading nearly 21.54% and 14.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.60, while the 7-day volatility ratio is showing 13.08% which for the 30-day chart, stands at 11.73%. Furthermore, AEye Inc (LIDR)’s beta value is 2.92, and its average true range (ATR) is 0.11.
A comparison of AEye Inc (LIDR) with its peers suggests the former has fared considerably weaker in the market. LIDR showed an intraday change of 11.02% in last session, and over the past year, it shrunk by -65.87%%.
Data on historical trading for AEye Inc (NASDAQ:LIDR) indicates that the trading volumes over the past 10 days have averaged 0.21 and over the past 3 months, they’ve averaged 133.66K. According to company’s latest data on outstanding shares, there are 8.94 million shares outstanding.
Nearly 16.45% of AEye Inc’s shares belong to company insiders and institutional investors own 6.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.2 million shares as on 2024-10-31, resulting in a short ratio of 1.97. According to the data, the short interest in AEye Inc (LIDR) stood at 245.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.23 million. The stock has fallen by -43.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LIDR stock heading into the next quarter.
