Luminar Technologies Inc (NASDAQ:LAZR) shares, rose in value, with the stock price down by -4.20% to the previous day’s close as strong demand from buyers drove the stock to $1.37.
Actively observing the price movement in the last trading, the stock closed the session at $1.43. The value of beta (5-year monthly) was 1.49. Referring to stock’s 52-week performance, its high was $8.32, and the low was $1.21. On the whole, LAZR has fluctuated by -18.93% over the past month.
With the market capitalization of Luminar Technologies Inc currently standing at about $577.99 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LAZR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LAZR currently trading nearly -16.35% and -29.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.23, while the 7-day volatility ratio is showing 11.69% which for the 30-day chart, stands at 11.87%. Furthermore, Luminar Technologies Inc (LAZR)’s beta value is 1.54, and its average true range (ATR) is 0.18.
A comparison of Luminar Technologies Inc (LAZR) with its peers suggests the former has fared considerably weaker in the market. LAZR showed an intraday change of -4.20% in last session, and over the past year, it shrunk by -75.23%%.
Data on historical trading for Luminar Technologies Inc (NASDAQ:LAZR) indicates that the trading volumes over the past 3 months, they’ve averaged 7.78 million. According to company’s latest data on outstanding shares, there are 322.74 million shares outstanding.
Nearly 34.46% of Luminar Technologies Inc’s shares belong to company insiders and institutional investors own 29.30% of the company’s shares. The stock has fallen by -59.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LAZR stock heading into the next quarter.
