On May 22, 2023, Luminar Technologies Inc. (NASDAQ: LAZR) opened at $6.27, higher 12.44% from the last session. During the day, the shares moved up to $7.17 and dropped to $6.27 before settling in for the closing price of $6.27. Price fluctuations for LAZR have ranged from $3.91 to $11.35 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -82.10% at the time writing. With a float of $250.53 million, this company’s outstanding shares have now reached $370.74 million.
Let’s look at the performance matrix of the company that is accounted for 600 employees. In terms of profitability, gross margin is -152.06, operating margin of -1087.04, and the pretax margin is -1094.08.
Luminar Technologies Inc. (LAZR) Insider Updates
A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of Luminar Technologies Inc. is 1.30%, while institutional ownership is 56.40%. The most recent insider transaction that took place on May 16, was worth 4,841,849. In this transaction Chairperson, President & CEO of this company bought 791,113 shares at a rate of $6.12, taking the stock ownership to the 4,596,798 shares. Before that another transaction happened on May 16, when Company’s Chairperson, President & CEO bought 150,000 for $6.26, making the entire transaction worth $938,805. This insider now owns 3,805,685 shares in total.
Luminar Technologies Inc. (LAZR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted -$0.24 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.21) by -$0.03. This company achieved a net margin of -1095.73 while generating a return on equity of -519.80. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -82.10% per share during the next fiscal year.
Luminar Technologies Inc. (NASDAQ: LAZR) Trading Performance Indicators
Check out the current performance indicators for Luminar Technologies Inc. (LAZR). In the past quarter, the stock posted a quick ratio of 4.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 56.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.39, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -0.48 in one year’s time.
Technical Analysis of Luminar Technologies Inc. (LAZR)
Luminar Technologies Inc. (NASDAQ: LAZR) saw its 5-day average volume 13.02 million, a positive change from its year-to-date volume of 11.28 million. As of the previous 9 days, the stock’s Stochastic %D was 59.50%. Additionally, its Average True Range was 0.53.
During the past 100 days, Luminar Technologies Inc.’s (LAZR) raw stochastic average was set at 47.29%, which indicates a significant decrease from 83.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.92% in the past 14 days, which was lower than the 97.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.38, while its 200-day Moving Average is $7.27. Nevertheless, the first resistance level for the watch stands at $7.39 in the near term. At $7.73, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.29. If the price goes on to break the first support level at $6.49, it is likely to go to the next support level at $5.93. Assuming the price breaks the second support level, the third support level stands at $5.59.
Luminar Technologies Inc. (NASDAQ: LAZR) Key Stats
There are currently 377,657K shares outstanding in the company with a market cap of 2.75 billion. Presently, the company’s annual sales total 40,700 K according to its annual income of -445,940 K. Last quarter, the company’s sales amounted to 14,510 K and its income totaled -146,770 K.
