Luminar Technologies Inc [LAZR] stock prices are up 14.06% to $0.89 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LAZR shares have gain 9.98% over the last week, with a monthly amount drifted -11.03%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities downgraded its rating to Underperform on April 10, 2024, and dropped its price target to $1.20. On January 17, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $4 on the stock. TD Cowen reiterated its recommendation of a Outperform and reduced its price target to $10 on May 10, 2023. Jefferies started tracking with a Buy rating for this stock on April 25, 2023, and assigned it a price target of $12. In a note dated March 22, 2023, Goldman downgraded an Sell rating on this stock but restated the target price of $5.
The stock price of Luminar Technologies Inc [LAZR] has been fluctuating between $0.73 and $4.62 over the past year. Currently, Wall Street analysts expect the stock to reach $13.86 within the next 12 months. Luminar Technologies Inc [NASDAQ: LAZR] shares were valued at $0.89 at the most recent close of the market. An investor can expect a potential return of 1457.3% based on the average LAZR price forecast.
Analyzing the LAZR fundamentals
The Luminar Technologies Inc [NASDAQ:LAZR] reported sales of 76.49M for trailing twelve months, representing a surge of 1.57%. Gross Profit Margin for this corporation currently stands at -0.83% with Operating Profit Margin at -6.66%, Pretax Profit Margin comes in at -7.02%, and Net Profit Margin reading is -7.05%. To continue investigating profitability, this company’s Return on Assets is posted at -1.41, Equity is 2.13 and Total Capital is -1.63. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.8101 points at the first support level, and at 0.7304 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9447, and for the 2nd resistance point, it is at 0.9996.
Ratios To Look Out For
It’s worth pointing out that Luminar Technologies Inc [NASDAQ:LAZR]’s Current Ratio is 3.32. Further, the Quick Ratio stands at 3.10, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 5.89.
