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.
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.