Luminar Technologies Inc (NASDAQ:LAZR) price closed higher on Monday, April 15, jumping 2.69% above its previous close.
A look at the daily price movement shows that the last close reads $1.30. The company’s 5Y monthly beta was ticking 1.49. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.32 and 52-week low of $1.24. The stock subtracted -24.36% on its value in the past month.
Luminar Technologies Inc, which has a market valuation of $563.22 million, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LAZR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that LAZR’s price is at present -25.59% off the SMA20 and -38.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.52, with weekly volatility standing at 17.48%. The indicator jumps to 10.49% when calculated based on the past 30 days. Luminar Technologies Inc (NASDAQ:LAZR)’s beta value is holding at 1.54, while the average true range (ATR) indicator is currently reading 0.20.
An analysis of the Luminar Technologies Inc (NASDAQ:LAZR) stock in terms of its daily trading volume indicates that the 3-month average is 7.93 million.
Current records show that the company has 322.74M in outstanding shares. The insiders’ percentage holdings are 34.46% of outstanding shares while the percentage share held by institutions stands at 30.45%. But the -60.39% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
