Stocks of AEye Inc. (NASDAQ:LIDR) traded higher last session on Wall Street, up 10.78% to $0.23.
According to the data, AEye Inc. (NASDAQ:LIDR) has 1 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.21 and a low of $0.21, we find $0.21. Given the previous closing price of $0.20, this indicates a potential upside of 5.0 percent. LIDR stock price is now 15.68% away from the 50-day moving average and -56.44% away from the 200-day moving average. The market capitalization of the company currently stands at $42.97M.
A total of 1 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.21 as their price target over the next twelve months.
With the price target of $15, DA Davidson recently initiated with Buy rating for AEye Inc. (NASDAQ: LIDR).
In other news, Dussan Luis, CTO and Chief Prdct Strategist bought 4,621 shares of the company’s stock on May 31. The stock was bought for $1,014 at an average price of $0.22. Upon completion of the transaction, the CTO and Chief Prdct Strategist now directly owns 1,142,215 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, CTO and Chief Prdct Strategist Dussan Luis bought 5,236 shares of the business’s stock. A total of $1,010 was incurred on buying the stock at an average price of $0.19. This leaves the insider owning 1,137,594 shares of the company worth $0.26 million. Insiders disposed of 20,768,053 shares of company stock worth roughly $4.78 million over the past 1 year. A total of 4.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LIDR stock. A new stake in AEye Inc. shares was purchased by ARENA CAPITAL ADVISORS, LLC- CA during the first quarter worth $57,000. SIMPLICITY SOLUTIONS, LLC invested $52,000 in shares of LIDR during the first quarter. In the first quarter, CAPTRUST FINANCIAL ADVISORS acquired a new stake in AEye Inc. valued at approximately $18,000. ROCKEFELLER CAPITAL MANAGEMENT L.P. acquired a new stake in LIDR for approximately $14,000. PLANTE MORAN FINANCIAL ADVISORS, LLC purchased a new stake in LIDR valued at around $9,000 in the second quarter. In total, there are 105 active investors with 41.10% ownership of the company’s stock.
During the past 12 months, AEye Inc. has had a low of $0.16 and a high of $2.96. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 4.70, and a quick ratio of 4.40. The fifty day moving average price for LIDR is $0.1954 and a two-hundred day moving average price translates $0.5188 for the stock.
The latest earnings results from AEye Inc. (NASDAQ: LIDR) was released for Mar, 2023. According to the Auto Parts Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.13 by -0.03. This compares to -$0.16 EPS in the same period last year. The company reported revenue of $0.64 million for the quarter, compared to $1.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.22 percent. For the current quarter, analysts expect LIDR to generate $600k in revenue.
AEye Inc.(LIDR) Company Profile
AEye, Inc., together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Germany, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels. The company was formerly known as US LADAR, Inc. and changed its name to AEye, Inc. in March 2016. AEye, Inc. was founded in 2013 and is headquartered in Dublin, California.
