While Luminar Technologies Inc has overperformed by 0.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LAZR fell by -79.50%, with highs and lows ranging from $4.47 to $0.73, whereas the simple moving average fell by -49.38% in the last 200 days.
On September 10, 2024, Deutsche Bank started tracking Luminar Technologies Inc (NASDAQ: LAZR) recommending Hold. A report published by BofA Securities on April 10, 2024, Downgraded its rating to ‘Underperform’ for LAZR. Deutsche Bank also Downgraded LAZR shares as ‘Hold’, setting a target price of $4 on the company’s shares in a report dated January 17, 2024. BofA Securities Initiated an Neutral rating on September 26, 2023, and assigned a price target of $5. TD Cowen resumed its ‘Outperform’ rating for LAZR, as published in its report on May 10, 2023. Jefferies’s report from April 25, 2023 suggests a price prediction of $12 for LAZR shares, giving the stock a ‘Buy’ rating. Goldman also rated the stock as ‘Sell’.
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Analysis of Luminar Technologies Inc (LAZR)
Further, the quarter-over-quarter increase in sales is 1.57%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Luminar Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 3.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 22.08M can be a very valuable indicator of volatility for LAZR stock. On a monthly basis, the volatility of the stock is set at 12.66%, whereas on a weekly basis, it is put at 14.80%, with a loss of -2.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.53, showing growth from the present price of $0.87, which can serve as yet another indication of whether LAZR is worth investing in or should be passed over.
How Do You Analyze Luminar Technologies Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 24.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LAZR shares are owned by institutional investors to the tune of 24.62% at present.
