A significant driver of top-line growth: Luminar Technologies Inc (LAZR)

With 7.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.84 million shares. The 52-week range on LAZR shows that it touched its highest point at $8.32 and its lowest point at $1.63 during that stretch. It currently has a 1-year price target of $5.30. Beta for the stock currently stands at 1.48.

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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 LAZR was up-trending over the past week, with a rise of 14.20%, but this was down by -17.17% over a month. Three-month performance dropped to -42.73% while six-month performance fell -57.58%. The stock lost -69.32% in the past year, while it has lost -42.73% so far this year. A look at the trailing 12-month EPS for LAZR yields -1.47 with Next year EPS estimates of -0.49. For the next quarter, that number is -0.19. This implies an EPS growth rate of 19.38% for this year and 29.26% for next year.

Float and Shares Shorts:

At present, 322.74 million LAZR shares are outstanding with a float of 273.36 million shares on hand for trading. On Mar 15, 2024, short shares totaled 83.79 million, which was 19.86% higher than short shares on Feb 15, 2024. In addition to LAZR as the firm’s Luminar Technologies, Inc., LADR serves as its Ladder Capital Corp.

Institutional Ownership:

Through their ownership of 45.41% of LAZR’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAZR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, LAZR has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and LAZR currently yields $0.00. In the past year, LAZR’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, LAZR has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.