AEye Inc. (NASDAQ:LIDR) shares traded -12.87% lower at $0.28 on Wall Street last session.
In accordance with the data, 1 analysts cover AEye Inc. (NASDAQ:LIDR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.48 and a low of $0.48, we find $0.48. Given the previous closing price of $0.32, this indicates a potential upside of 50.0 percent. LIDR stock price is now 11.83% away from the 50-day moving average and -39.90% away from the 200-day moving average. The market capitalization of the company currently stands at $55.25M.
It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $0.48 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, HSIEH Wen Hsuan, Director sold 643,289 shares of the company’s stock on Aug 14. The stock was sold for $200,578 at an average price of $0.31. Upon completion of the transaction, the Director now directly owns 15,657,408 shares in the company, valued at $4.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, CTO and Chief Prdct Strategist Dussan Luis bought 4,621 shares of the business’s stock. A total of $1,014 was incurred on buying the stock at an average price of $0.22. This leaves the insider owning 1,142,215 shares of the company worth $0.32 million. Insiders disposed of 20,682,018 shares of company stock worth roughly $5.79 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 MILLENNIUM MANAGEMENT LLC during the first quarter worth $241,000. Y-INTERCEPT (HONG KONG) LTD invested $115,000 in shares of LIDR during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in AEye Inc. valued at approximately $80,000. OLD MISSION CAPITAL, LLC acquired a new stake in LIDR for approximately $44,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in LIDR valued at around $42,000 in the second quarter. In total, there are 100 active investors with 41.10% ownership of the company’s stock.
AEye Inc. (NASDAQ: LIDR) opened at $0.3250 on Wednesday. During the past 12 months, AEye Inc. has had a low of $0.16 and a high of $2.90. 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 $0.2553 and a two-hundred day moving average price translates $0.4681 for the stock.
The latest earnings results from AEye Inc. (NASDAQ: LIDR) was released for Jun, 2023. According to the Auto Parts Company, earnings per share came in at -$0.09, inline with analysts’ expectations of -$0.09. This compares to -$0.17 EPS in the same period last year. The company reported revenue of $0.57 million for the quarter, compared to $0.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.12 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.
