On Friday, Luminar Technologies Inc (NASDAQ: LAZR) was -9.72% down from the session before settling in for the closing price of $1.44. A 52-week range for LAZR has been $1.24 – $8.32.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 47.71%. When this article was written, the company’s average yearly earnings per share was at 20.44%. With a float of $276.51 million, this company’s outstanding shares have now reached $322.74 million.
The extent of productivity of a business whose workforce counts for 800 workers is very important to gauge.
Luminar Technologies Inc (LAZR) Insider and Institutional Ownership
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 34.46%, while institutional ownership is 30.45%. The most recent insider transaction that took place on Sep 06 ’23, 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 ’23, 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 111.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 43.50% during the next five years compared to -416.28% drop over the previous five years of trading.
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 4.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.47, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.47 in one year’s time.
Technical Analysis of Luminar Technologies Inc (LAZR)
The latest stats from [Luminar Technologies Inc, LAZR] show that its last 5-days average volume of 10.86 million was superior to 7.98 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 11.95%. Additionally, its Average True Range was 0.19.
During the past 100 days, Luminar Technologies Inc’s (LAZR) raw stochastic average was set at 2.65%, which indicates a significant decrease from 6.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.29% in the past 14 days, which was higher than the 96.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.1769, while its 200-day Moving Average is $3.9042. Now, the first resistance to watch is $1.4300. This is followed by the second major resistance level at $1.5600. The third major resistance level sits at $1.6400. If the price goes on to break the first support level at $1.2200, it is likely to go to the next support level at $1.1400. The third support level lies at $1.0100 if the price breaches the second support level.
Luminar Technologies Inc (NASDAQ: LAZR) Key Stats
There are 421,887K outstanding shares of the company, which has a market capitalization of 548.46 million. As of now, sales total 69,780 K while income totals -571,270 K. Its latest quarter income was 22,110 K while its last quarter net income were -148,400 K.
