Deutsche Bank has recently resumed Luminar Technologies Inc (LAZR) stock to Hold rating, as announced on September 10, 2024, according to Finviz. Earlier, on April 10, 2024, BofA Securities had reduced the stock from a Neutral to Underperform, setting a price target of $1.20 for LAZR stock. Deutsche Bank also reduced Hold rating with a price target of $4. Additionally, BofA Securities resumed Neutral rating on September 26, 2023, with a target price of $5. TD Cowen analysts, in their report published on May 10, 2023, also reiterated Outperform rating and set a price target of $10 for Luminar Technologies Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Luminar Technologies Inc (LAZR) Stock Trading Recap
On Monday, Luminar Technologies Inc (LAZR) stock saw a decline, ending the day at $8.45 which represents a decrease of $-0.43 or -4.84% from the prior close of $8.88. The stock opened at $8.9 and touched a low of $8.1 during the day, reaching a high of $8.9. The volume of shares traded was 2.22 million falling short of the average volume of 2.45 million.
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LAZR Stock Performance and Moving Averages
In recent trading, Luminar Technologies Inc (LAZR) stock price has shown some volatility, fluctuating -5.59% over the last five trades and -27.35% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -64.57%, and it has plunged by -42.88% in the previous three months. Currently, LAZR is trading at -30.81%, -32.49%, and -58.73% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, LAZR, a Consumer Cyclical sector stock, is trading -84.73% below its 52-week high but remains -2.09% above its 52-week low. The Average True Range (ATR) (14 days) of 1.29 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Luminar Technologies Inc’s Profitability and Valuation Ratios
Luminar Technologies Inc’s profitability metrics reveal financial health. The company currently boasts a gross margin of -64.57%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Luminar Technologies Inc’s market capitalization stands at $281.35 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 3.75, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 22.20% of Luminar Technologies Inc (LAZR)’s shares, while financial institutions hold 26.50%.
