With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.43 million shares. The 52-week range on LAZR shows that it touched its highest point at $34.80 and its lowest point at $3.30 during that stretch. It currently has a 1-year price target of $5.12. Beta for the stock currently stands at 2.07.
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 down-trending over the past week, with a drop of -1.53%, but this was down by -22.69% over a month. Three-month performance dropped to -29.10% while six-month performance fell -67.71%. The stock lost -84.72% in the past year, while it has lost -28.44% so far this year. A look at the trailing 12-month EPS for LAZR yields -9.18 with Next year EPS estimates of -3.86. For the next quarter, that number is -1.71. This implies an EPS growth rate of 41.06% for this year and 29.17% for next year. EPS is expected to grow by 46.29% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.83%.
Float and Shares Shorts:
At present, 45.39 million LAZR shares are outstanding with a float of 39.38 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAZR since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$9.59664 being high and -$10.27704 being low. For LAZR, this leads to a yearly average estimate of -$9.87083. Based on analyst estimates, the high estimate for the next quarter is -$1.23 and the low estimate is -$1.5. The average estimate for the next quarter is thus -$1.36.
