$5.12M in average volume shows that Luminar Technologies Inc. (LAZR) is heading in the right direction

June 22, 2022, Luminar Technologies Inc. (NASDAQ: LAZR) trading session started at the price of $7.29, that was -0.94% drop from the session before. During the day, the shares moved up to $7.75 and dropped to $7.05 before settling in for the closing price of $7.46. A 52-week range for LAZR has been $6.93 – $25.30.

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When this article was written, the company’s average yearly earnings per share was at 73.00%. With a float of $231.32 million, this company’s outstanding shares have now reached $348.68 million.

Let’s determine the extent of company efficiency that accounts for 500 employees. In terms of profitability, gross margin is -44.29, operating margin of -704.52, and the pretax margin is -781.83.

Luminar Technologies Inc. (LAZR) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Luminar Technologies Inc. stocks. The insider ownership of Luminar Technologies Inc. is 1.10%, while institutional ownership is 46.50%. The most recent insider transaction that took place on May 11, was worth 2,595,840. In this transaction Chairperson, President & CEO of this company bought 300,000 shares at a rate of $8.65, taking the stock ownership to the 755,000 shares. Before that another transaction happened on May 10, when Company’s Chairperson, President & CEO bought 300,000 for $8.89, making the entire transaction worth $2,666,550. This insider now owns 455,000 shares in total.

Luminar Technologies Inc. (LAZR) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 3/30/2022, it has been observed that the corporation posted -$0.16 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.13) by -$0.03. This company achieved a net margin of -745.01 while generating a return on equity of -137.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 73.00% per share during the next fiscal year.

Luminar Technologies Inc. (NASDAQ: LAZR) Trading Performance Indicators

You can see what Luminar Technologies Inc. (LAZR) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 15.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 76.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.71, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.59 in one year’s time.

Technical Analysis of Luminar Technologies Inc. (LAZR)

Looking closely at Luminar Technologies Inc. (NASDAQ: LAZR), its last 5-days average volume was 6.55 million, which is a jump from its year-to-date volume of 5.63 million. As of the previous 9 days, the stock’s Stochastic %D was 16.00%. Additionally, its Average True Range was 0.72.

During the past 100 days, Luminar Technologies Inc.’s (LAZR) raw stochastic average was set at 4.61%, which indicates a significant decrease from 12.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.74% in the past 14 days, which was lower than the 83.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.58, while its 200-day Moving Average is $14.46. However, in the short run, Luminar Technologies Inc.’s stock first resistance to watch stands at $7.74. Second resistance stands at $8.10. The third major resistance level sits at $8.44. If the price goes on to break the first support level at $7.04, it is likely to go to the next support level at $6.70. Should the price break the second support level, the third support level stands at $6.34.

Luminar Technologies Inc. (NASDAQ: LAZR) Key Stats

There are 349,615K outstanding shares of the company, which has a market capitalization of 2.56 billion. As of now, sales total 31,940 K while income totals -237,990 K. Its latest quarter income was 6,860 K while its last quarter net income were -88,330 K.


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