November 20, 2023, Luminar Technologies Inc (NASDAQ: LAZR) trading session started at the price of $2.88, that was -1.74% drop from the session before. During the day, the shares moved up to $2.97 and dropped to $2.76 before settling in for the closing price of $2.88. A 52-week range for LAZR has been $2.65 – $10.55.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
A company in the Consumer Cyclical sector has jumped its sales by 41.77% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -8.03%. With a float of $255.02 million, this company’s outstanding shares have now reached $270.08 million.
In an organization with 600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -148.13, operating margin of -1135.44, and the pretax margin is -1145.92.
Luminar Technologies Inc (LAZR) Insider Updates
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 36.56%, while institutional ownership is 30.65%. The most recent insider transaction that took place on Sep 06, was worth 234,682. In this transaction Chief Legal Officer of this company sold 42,171 shares at a rate of $5.57, taking the stock ownership to the 1,467,282 shares. Before that another transaction happened on Sep 06, when Company’s Chief Financial Officer sold 18,305 for $5.57, making the entire transaction worth $101,867. This insider now owns 692,699 shares in total.
Luminar Technologies Inc (LAZR) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted -$0.21 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.22) by $0.01. 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 -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.03% 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 4.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.50, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.63 in one year’s time.
Technical Analysis of Luminar Technologies Inc (LAZR)
Let’s dig in a bit further. During the last 5-days, its volume was 11.82 million. That was better than the volume of 8.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.65%. Additionally, its Average True Range was 0.34.
During the past 100 days, Luminar Technologies Inc’s (LAZR) raw stochastic average was set at 3.17%, which indicates a significant decrease from 13.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.02% in the past 14 days, which was higher than the 78.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.94, while its 200-day Moving Average is $6.02. However, in the short run, Luminar Technologies Inc’s stock first resistance to watch stands at $2.95. Second resistance stands at $3.06. The third major resistance level sits at $3.16. If the price goes on to break the first support level at $2.74, it is likely to go to the next support level at $2.64. Assuming the price breaks the second support level, the third support level stands at $2.53.
Luminar Technologies Inc (NASDAQ: LAZR) Key Stats
There are 401,955K outstanding shares of the company, which has a market capitalization of 1.14 billion. As of now, sales total 40,700 K while income totals -445,940 K. Its latest quarter income was 16,960 K while its last quarter net income were -134,340 K.