In yesterday’s Wall Street session, Luminar Technologies Inc (NASDAQ:LAZR) shares traded at $7.24, up 6.00% from the previous session.
LAZR stock price is now 20.97% away from the 50-day moving average and -44.08% away from the 200-day moving average. The market capitalization of the company currently stands at $241.06M.
On April 10, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $3.50 to quote $1.20, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Heng Jun Hong, Director sold 72,842 shares of the company’s stock on Dec 23 ’24. The stock was sold for $371,254 at an average price of $5.10. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Director Jun Hong Heng bought 72,842 shares of the business’s stock. A total of $385,334 was incurred on buying the stock at an average price of $5.29. A total of 79.18% of the company’s stock is owned by insiders.
During the past 12 months, Luminar Technologies Inc has had a low of $4.47 and a high of $34.80. The fifty day moving average price for LAZR is $5.9849 and a two-hundred day moving average price translates $12.94755 for the stock.
The latest earnings results from Luminar Technologies Inc (NASDAQ: LAZR) was released for 2024-09-30. The company reported revenue of $15.49 million for the quarter, compared to $16.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.64 percent.
