A new trading day began on Monday, with Luminar Technologies Inc (NASDAQ: LAZR) stock price up 2.17% from the previous day of trading, before settling in for the closing price of $0.80. LAZR’s price has ranged from $0.79 to $5.48 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 47.71%. Meanwhile, its annual earnings per share averaged 21.84%. With a float of $353.07 million, this company’s outstanding shares have now reached $493.76 million.
Considering the fact that the conglomerate employs 800 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -83.49%, operating margin of -665.77%, and the pretax margin is -702.49%.
Luminar Technologies Inc (LAZR) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Luminar Technologies Inc is 28.49%, while institutional ownership is 25.16%.
Luminar Technologies Inc (LAZR) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.21 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 21.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.00% 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
Here are Luminar Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.29, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.50 in one year’s time.
Technical Analysis of Luminar Technologies Inc (LAZR)
Compared to the last year’s volume of 9.82 million, its volume of 27.78 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 13.94%. Additionally, its Average True Range was 0.11.
During the past 100 days, Luminar Technologies Inc’s (LAZR) raw stochastic average was set at 5.50%, which indicates a significant decrease from 24.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.44% in the past 14 days, which was lower than the 116.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3263, while its 200-day Moving Average is $1.9506. Nevertheless, the first resistance level for the watch stands at $0.8769 in the near term. At $0.9365, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0099. If the price goes on to break the first support level at $0.7439, it is likely to go to the next support level at $0.6705. Should the price break the second support level, the third support level stands at $0.6109.
Luminar Technologies Inc (NASDAQ: LAZR) Key Stats
With a market capitalization of 403.60 million, the company has a total of 445,624K Shares Outstanding. Currently, annual sales are 69,780 K while annual income is -571,270 K. The company’s previous quarter sales were 16,450 K while its latest quarter income was -130,610 K.
