Luminar Technologies Inc (NASDAQ:LAZR) shares, rose in value on Wednesday, April 16, with the stock price down by -9.76% to the previous day’s close as strong demand from buyers drove the stock to $3.33.
Actively observing the price movement in the last trading, the stock closed the session at $3.69, falling within a range of $3.3 and $3.69. The value of beta (5-year monthly) was 1.868. Referring to stock’s 52-week performance, its high was $34.80, and the low was $3.63. On the whole, LAZR has fluctuated by -51.24% over the past month.
With the market capitalization of Luminar Technologies Inc currently standing at about $141.16 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 86.44M, with a low estimate of 15.4M and a high estimate of 18M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.27M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LAZR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of LAZR currently trading nearly -36.87% and -39.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.31, while the 7-day volatility ratio is showing 10.14% which for the 30-day chart, stands at 14.13%. Furthermore, Luminar Technologies Inc (LAZR)’s beta value is 2.10, and its average true range (ATR) is 0.65.
A comparison of Luminar Technologies Inc (LAZR) with its peers suggests the former has fared considerably weaker in the market. LAZR showed an intraday change of -9.76% in last session, and over the past year, it shrunk by -83.37%%.
Data on historical trading for Luminar Technologies Inc (NASDAQ:LAZR) indicates that the trading volumes over the past 10 days have averaged 2.37 and over the past 3 months, they’ve averaged 2.45 million. According to company’s latest data on outstanding shares, there are 36.60 million shares outstanding.
Nearly 14.88% of Luminar Technologies Inc’s shares belong to company insiders and institutional investors own 30.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.84 million shares as on 2025-03-31, resulting in a short ratio of 2.23. According to the data, the short interest in Luminar Technologies Inc (LAZR) stood at 2144.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 7.64 million. The stock has fallen by -38.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LAZR stock heading into the next quarter.
