Luminar Technologies Inc (NASDAQ:LAZR) price on Thursday, March 20, fall -13.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.28.
A look at the stock’s price movement, the close in the last trading session was $7.24, moving within a range at $6.26 and $7.35. The beta value (5-Year monthly) was 1.737. Turning to its 52-week performance, $34.80 and $4.47 were the 52-week high and 52-week low respectively. Overall, LAZR moved -8.45% over the past month.
Luminar Technologies Inc’s market cap currently stands at around $209.10 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19.
Analysts have a consensus estimate of 20.85M for the company’s revenue for the quarter, with a low and high estimate of 19M and 22.7M respectively. The average forecast suggests down to a -0.56% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 109.35M, representing a 45.03% jump on that reported in the last financial year.
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.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend LAZR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LAZR’s current price about 15.89% and 5.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.05, while 7-day volatility ratio is 14.21% and 10.88% in the 30-day chart. Further, Luminar Technologies Inc (LAZR) has a beta value of 1.73, and an average true range (ATR) of 0.66. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $3 and high of $15. Looking at the price targets, the low is 52.23% off current price level while to achieve the yearly target high, price needs to move -138.85%. Nonetheless, investors will most likely welcome a -43.31% jump to $9 which is the analysts’ median price.
If we refocus on Luminar Technologies Inc (NASDAQ:LAZR), historical trading data shows that trading volumes averaged 2.46 over the past 10 days and 2.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 26.72 million shares.
The 79.18% of Luminar Technologies Inc’s shares are in the hands of company insiders while institutional holders own 10.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.64 million on 2025-02-28, giving us a short ratio of 4.67. The data shows that as of 2025-02-28 short interest in Luminar Technologies Inc (LAZR) stood at 2954.9998 of shares outstanding, with shares short falling to 7.81 million registered in 2025-01-31. Current price change has pushed the stock 16.73% 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.
