In yesterday’s Wall Street session, AEye Inc (NASDAQ:LIDR) shares traded at $2.04, up 59.38% from the previous session.
LIDR stock price is now 80.45% away from the 50-day moving average and 36.77% away from the 200-day moving average. The market capitalization of the company currently stands at $29.69M.
With the price target of $15, DA Davidson recently initiated with Buy rating for AEye Inc (NASDAQ: LIDR). On October 25, 2021, ROTH Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $15, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Dussan Luis, Director sold 7,440 shares of the company’s stock on May 29 ’24. The stock was sold for $31,100 at an average price of $4.18. Upon completion of the transaction, the Director now directly owns 3,493 shares in the company, valued at $7125.72. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, Director Dussan Luis sold 50,000 shares of the business’s stock. A total of $221,643 was realized by selling the stock at an average price of $4.43. This leaves the insider owning 244,832 shares of the company worth $0.5 million. A total of 16.44% of the company’s stock is owned by insiders.
During the past 12 months, AEye Inc has had a low of $0.78 and a high of $5.15. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 2.26, and a quick ratio of 2.24. The fifty day moving average price for LIDR is $1.13052 and a two-hundred day moving average price translates $1.491575 for the stock.
The latest earnings results from AEye Inc (NASDAQ: LIDR) was released for 2024-06-30. The net profit margin was -24308.44% and return on equity was -160.28% for LIDR. The company reported revenue of $0.1 million for the quarter, compared to $0.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.68 percent.
