Luminar Technologies Inc [LAZR] stock is trading at $7.40, down -5.49%. 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 20.52% over the last week, with a monthly amount drifted -5.61%, and not seem to be holding up well over a long-time horizon.
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.
Luminar Technologies Inc [LAZR] stock has fluctuated between $4.93 and $53.47 over the past year. Currently, Wall Street analysts expect the stock to reach $6.33 within the next 12 months. Luminar Technologies Inc [NASDAQ: LAZR] shares were valued at $7.40 at the most recent close of the market. An investor can expect a potential drop of -14.46% based on the average LAZR price forecast.
Analyzing the LAZR fundamentals
Luminar Technologies Inc [NASDAQ:LAZR] reported sales of 75.00M for the trailing twelve months, which represents a drop of -8.80%. Gross Profit Margin for this corporation currently stands at -0.8% with Operating Profit Margin at -6.7%, Pretax Profit Margin comes in at -5.01%, and Net Profit Margin reading is -5.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.94, Equity is 1.37 and Total Capital is -1.59. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.13.
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 7.11 points at the first support level, and at 6.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.89, and for the 2nd resistance point, it is at 8.37.
Ratios To Look Out For
For context, Luminar Technologies Inc’s Current Ratio is 3.00. Further, the Quick Ratio stands at 2.60, while the Cash Ratio is 1.3. Considering the valuation of this stock, the price to sales ratio is 3.29.
Transactions by insiders
Recent insider trading involved Heng Jun Hong, Director, that happened on Dec 23 ’24 when 72842.0 shares were sold. Director, Jun Hong Heng completed a deal on Dec 23 ’24 to buy 72842.0 shares.
