An overview of Luminar Technologies Inc’s (LAZR) institutional holdings

The price of Luminar Technologies Inc (NASDAQ:LAZR) shares last traded on Wall Street rose 7.58% to $3.69.

Based on available information, 13 analysts follow Luminar Technologies Inc (NASDAQ:LAZR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $3.50, we find $10.00. Given the previous closing price of $3.43, this indicates a potential upside of 191.55 percent. LAZR stock price is now -18.51% away from the 50-day moving average and -40.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.

Among analysts, 4 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $11.12 as their price target over the next twelve months.

In other news, Prescott Alan, Chief Legal Officer sold 42,171 shares of the company’s stock on Sep 06. The stock was sold for $234,682 at an average price of $5.57. Upon completion of the transaction, the Chief Legal Officer now directly owns 1,467,282 shares in the company, valued at $5.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, Chief Financial Officer Fennimore Thomas sold 18,305 shares of the business’s stock. A total of $101,867 was realized by selling the stock at an average price of $5.57. This leaves the insider owning 692,699 shares of the company worth $2.56 million. Insiders disposed of 266,801 shares of company stock worth roughly $0.98 million over the past 1 year. A total of 37.14% of the company’s stock is owned by insiders.

A candlestick chart of Luminar Technologies Inc (NASDAQ: LAZR) showed a price of $3.5700 on Friday morning. During the past 12 months, Luminar Technologies Inc has had a low of $3.03 and a high of $10.55. The fifty day moving average price for LAZR is $4.4914 and a two-hundred day moving average price translates $6.2162 for the stock.

The latest earnings results from Luminar Technologies Inc (NASDAQ: LAZR) was released for Jun, 2023. According to the Auto Parts Company, earnings per share came in at -$0.21, beating analysts’ expectations of -$0.23 by 0.02. This compares to -$0.27 EPS in the same period last year. The net profit margin was -1008.65% and return on equity was -2424.67% for LAZR. The company reported revenue of $16.2 million for the quarter, compared to $9.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.08 percent. For the current quarter, analysts expect LAZR to generate $19.55M in revenue.

Luminar Technologies Inc(LAZR) Company Profile

Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.

Related Posts