On Friday, Luminar Technologies Inc (NASDAQ: LAZR) opened lower -8.59% from the last session, before settling in for the closing price of $1.63. Price fluctuations for LAZR have ranged from $1.21 to $8.32 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 17.71% at the time writing. With a float of $310.02 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
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 30.43%, while institutional ownership is 26.91%. 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
According to the Wall Street analysts, stocks earnings will be around 17.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.70% 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
Check out the current performance indicators for Luminar Technologies Inc (LAZR). In the past quarter, the stock posted a quick ratio of 3.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.37, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.49 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 8.69 million was superior to 8.29 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 82.78%. Additionally, its Average True Range was 0.13.
During the past 100 days, Luminar Technologies Inc’s (LAZR) raw stochastic average was set at 15.26%, which indicates a significant decrease from 54.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.25% in the past 14 days, which was lower than the 94.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5443, while its 200-day Moving Average is $2.5847. Now, the first resistance to watch is $1.6000. This is followed by the second major resistance level at $1.7100. The third major resistance level sits at $1.7650. If the price goes on to break the first support level at $1.4350, it is likely to go to the next support level at $1.3800. The third support level lies at $1.2700 if the price breaches the second support level.
Luminar Technologies Inc (NASDAQ: LAZR) Key Stats
There are currently 445,624K shares outstanding in the company with a market cap of 663.97 million. Presently, the company’s annual sales total 69,780 K according to its annual income of -571,270 K. Last quarter, the company’s sales amounted to 20,970 K and its income totaled -125,710 K.
