In yesterday’s Wall Street session, Luminar Technologies Inc (NASDAQ:LAZR) shares traded at $1.69, unchanged from the previous session.
LAZR stock price is now -28.57% away from the 50-day moving average and -59.96% away from the 200-day moving average. The market capitalization of the company currently stands at $712.99M.
With the price target reduced from $11 to $4, Deutsche Bank Downgraded its rating from Buy to Hold for Luminar Technologies Inc (NASDAQ: LAZR). , while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Prescott Alan, Chief Legal Officer sold 42,171 shares of the company’s stock on Sep 06 ’23. 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 $2.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’23, 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 $1.17 million. A total of 35.21% of the company’s stock is owned by insiders.
During the past 12 months, Luminar Technologies Inc has had a low of $1.63 and a high of $8.32. The fifty day moving average price for LAZR is $2.3496 and a two-hundred day moving average price translates $4.1955 for the stock.
The latest earnings results from Luminar Technologies Inc (NASDAQ: LAZR) was released for Dec, 2023. According to the Auto Parts Company, earnings per share came in at -$0.2, missing analysts’ expectations of -$0.19 by -0.01. This compares to -$0.40 EPS in the same period last year. The net profit margin was -818.68% and return on equity was -2424.67% for LAZR. The company reported revenue of $22.11 million for the quarter, compared to $11.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 98.76 percent. For the current quarter, analysts expect LAZR to generate $21.05M 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.
