Investors in cash trouble should check out AEye Inc. (LIDR)

AEye Inc. (NASDAQ: LIDR) stock fell -1.69% on Friday to $1.16 against a previous-day closing price of $1.18. With 4.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.4200 whereas the lowest price it dropped to was $1.1000. The 52-week range on LIDR shows that it touched its highest point at $9.90 and its lowest point at $1.16 during that stretch. It currently has a 1-year price target of $10.67.

Top 5 Tech Stocks Every Investor Should Buy Right Now

While finding excellent stocks with the potential for gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Tech Stocks Every Investor Should Buy Right Now", we have identified five tech stocks we believe could appreciate.

Sign up here to get your free report now.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LIDR was down-trending over the past week, with a drop of -15.94%, but this was down by -32.56% over a month. Three-month performance dropped to -53.04% while six-month performance fell -78.32%. The stock lost -87.36% in the past year, while it has lost -76.03% so far this year. A look at the trailing 12-month EPS for LIDR yields -0.58 with Next year EPS estimates of -0.74. For the next quarter, that number is -0.18. This implies an EPS growth rate of -144.80% for this year and -3.00% for next year.

Float and Shares Shorts:

At present, 157.31 million LIDR shares are outstanding with a float of 137.84 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.39 million, which was 3.43% higher than short shares on Jun 14, 2022. In addition to Mr. Blair LaCorte as the firm’s CEO & Director, Mr. Luis C. Dussan serves as its Founder, CTO, Chief Product Strategist & Director.

Institutional Ownership:

Through their ownership of 36.33% of LIDR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.41% of LIDR, in contrast to 28.97% held by mutual funds. Shares owned by individuals account for 11.12%. As the largest shareholder in LIDR with 4.34% of the stake, Intel Corp. holds 6,911,944 shares worth 6,911,944. A second-largest stockholder of LIDR, The Vanguard Group, Inc., holds 5,416,790 shares, controlling over 3.40% of the firm’s shares. Cantor Fitzgerald & Co. is the third largest shareholder in LIDR, holding 3,426,000 shares or 2.15% stake. With a 2.04% stake in LIDR, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,244,500 shares are owned by the mutual fund manager. The BNP Paribas Funds – Energy Transi, which owns about 1.05% of LIDR stock, is the second-largest Mutual Fund holder. It holds 1,668,803 shares valued at 2.57 million. Vanguard Extended Market Index Fu holds 0.91% of the stake in LIDR, owning 1,456,343 shares worth 2.24 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LIDR since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LIDR analysts setting a high price target of $15.00 and a low target of $8.00, the average target price over the next 12 months is $10.67. Based on these targets, LIDR could surge 1193.1% to reach the target high and rise by 589.66% to reach the target low. Reaching the average price target will result in a growth of 819.83% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LIDR will report FY 2022 earnings on 03/27/2023. Analysts have provided yearly estimates in a range of -$0.57 being high and -$0.69 being low. For LIDR, this leads to a yearly average estimate of -$0.61. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. AEye Inc. surprised analysts by $0.01 when it reported -$0.13 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.16.

Summary of Insider Activity:

Insiders traded LIDR stock several times over the past three months with 3 Buys and 8 Sells. In these transactions, 17,141 shares were bought while 121,866 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 5,720,317 while 736,590 shares were sold.

Leave a Comment

Your email address will not be published.