Luminar Technologies Inc (NASDAQ: LAZR) on Monday, plunged -4.84% from the previous trading day, before settling in for the closing price of $8.88. Within the past 52 weeks, LAZR’s price has moved between $8.63 and $55.35.
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A company in the Consumer Cyclical sector has jumped its sales by 42.90% annually for the last half of the decade. The company achieved an average annual earnings per share of -17.40%. With a float of $25.86 million, this company’s outstanding shares have now reached $33.30 million.
In an organization with 800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -79.62%, operating margin of -669.7%, and the pretax margin is -500.83%.
Luminar Technologies Inc (LAZR) Insider Updates
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of Luminar Technologies Inc is 22.20%, while institutional ownership is 26.50%.
Luminar Technologies Inc (LAZR) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -3 earnings per share (EPS) for the period falling under the consensus outlook (set at -2.82) by -0.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.40% 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 34.30% growth over the previous five years of trading.
Luminar Technologies Inc (NASDAQ: LAZR) Trading Performance Indicators
Luminar Technologies Inc (LAZR) is currently performing well based on its current performance indicators. A quick ratio of 2.60 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.28, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.48 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 2.29 million. That was better than the volume of 1.13 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.29%. Additionally, its Average True Range was 1.29.
During the past 100 days, Luminar Technologies Inc’s (LAZR) raw stochastic average was set at 1.42%, which indicates a significant decrease from 3.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.68% in the past 14 days, which was lower than the 125.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.52, while its 200-day Moving Average is $20.47. However, in the short run, Luminar Technologies Inc’s stock first resistance to watch stands at $8.87. Second resistance stands at $9.28. The third major resistance level sits at $9.67. If the price goes on to break the first support level at $8.07, it is likely to go to the next support level at $7.68. Assuming the price breaks the second support level, the third support level stands at $7.27.
Luminar Technologies Inc (NASDAQ: LAZR) Key Stats
Market capitalization of the company is 281.35 million based on 33,313K outstanding shares. Right now, sales total 69,780 K and income totals -571,270 K. The company made 15,490 K in profit during its latest quarter, and 27,400 K in sales during its previous quarter.
