Luminar Technologies Inc (NASDAQ:LAZR) price on Wednesday, April 30, fall -4.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.91.
A look at the stock’s price movement, the close in the last trading session was $4.08, moving within a range at $3.76 and $3.965. The beta value (5-Year monthly) was 1.868. Turning to its 52-week performance, $34.80 and $3.30 were the 52-week high and 52-week low respectively. Overall, LAZR moved -27.46% over the past month.
Luminar Technologies Inc’s market cap currently stands at around $165.74 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19.
Analysts have a consensus estimate of 16.27M for the company’s revenue for the quarter, with a low and high estimate of 15.4M and 18M respectively. The average forecast suggests down to a -22.39% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 86.44M, representing a 14.64% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LAZR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend LAZR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LAZR’s current price about -6.93% and -23.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.01, while 7-day volatility ratio is 6.94% and 10.03% in the 30-day chart. Further, Luminar Technologies Inc (LAZR) has a beta value of 2.06, and an average true range (ATR) of 0.49. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $3 and high of $15. Looking at the price targets, the low is 23.27% off current price level while to achieve the yearly target high, price needs to move -283.63%. Nonetheless, investors will most likely welcome a -130.18% jump to $9 which is the analysts’ median price.
If we refocus on Luminar Technologies Inc (NASDAQ:LAZR), historical trading data shows that trading volumes averaged 1.81 over the past 10 days and 2.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 36.60 million shares.
The 14.88% of Luminar Technologies Inc’s shares are in the hands of company insiders while institutional holders own 30.24% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.14 million on 2025-04-15, giving us a short ratio of 2.25. The data shows that as of 2025-04-15 short interest in Luminar Technologies Inc (LAZR) stood at 2500.0 of shares outstanding, with shares short rising to 7.08 million registered in 2025-03-14. Current price change has pushed the stock -27.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LAZR stock continues to rise going into the next quarter.
