A new trading day began on Monday, with Luminar Technologies Inc (NASDAQ: LAZR) stock price down -2.41% from the previous day of trading, before settling in for the closing price of $0.84. LAZR’s price has ranged from $0.73 to $3.99 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 47.71% over the past five years. Meanwhile, its annual earnings per share averaged 22.63%. With a float of $391.21 million, this company’s outstanding shares have now reached $506.20 million.
Let’s look at the performance matrix of the company that is accounted for 800 employees. 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 and Institutional Ownership
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 22.72%, while institutional ownership is 24.60%.
Luminar Technologies Inc (LAZR) Latest Financial update
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 22.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% 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 5.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.29, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.50 in one year’s time.
Technical Analysis of Luminar Technologies Inc (LAZR)
Luminar Technologies Inc (NASDAQ: LAZR) saw its 5-day average volume 21.17 million, a positive change from its year-to-date volume of 13.13 million. As of the previous 9 days, the stock’s Stochastic %D was 17.61%. Additionally, its Average True Range was 0.08.
During the past 100 days, Luminar Technologies Inc’s (LAZR) raw stochastic average was set at 6.45%, which indicates a significant decrease from 13.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.36% in the past 14 days, which was lower than the 116.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8915, while its 200-day Moving Average is $1.6437. Nevertheless, the first resistance level for the watch stands at $0.8414 in the near term. At $0.8636, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.8838. If the price goes on to break the first support level at $0.7990, it is likely to go to the next support level at $0.7788. The third support level lies at $0.7566 if the price breaches the second support level.
Luminar Technologies Inc (NASDAQ: LAZR) Key Stats
With a market capitalization of 414.68 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.
