Luminar Technologies Inc. (LAZR) Earns Praise From Wall Street

The stock price of Luminar Technologies Inc. (NASDAQ:LAZR) went down by -0.26% from its latest closing price against the recent peak of $16.80 that it reached one year ago. Over the course of the last five trading sessions, the company's stock price has collected 12.98% of gains. On 11/03/22, Trade Algo reported that Luminar, a provider of self-driving technology, just hit a significant milestone in its development.

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Is Luminar Technologies Inc. (NASDAQ :LAZR) a Good Investment?

The beta value for LAZR for the 36-month period is at 1,70, which is a very good value. Luminar Technologies Inc.'s stock has been rated as a "buy" by 7 out of 12 analysts who have provided ratings for the stocks. One analyst rated the stock as "overweight," four rated the stock as "hold," and 0 rated the stock as "sell.".

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Analysts have calculated an average price of $12.83 for this stock, which is $4.98 higher than the current price. There is a current public float of 229.30M shares in LAZR and the shorts hold a 27.95% share of that float. During today's trading session, the average trading volume of LAZR was 7.60 million shares.

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Market Performance of LAZR

The stock price of LAZR rose by 12.98% for the week, with a monthly jump of 64.38 % and a quarterly performance of -2.79%, whereas its annual performance rate reached -46.58% for the year. For Luminar Technologies Inc, the volatility ratio for this week stands at 10.53%, while the volatility levels for the past 30 days are set at 10.53% for Luminar Technologies Inc. There is a simple moving average of 28.74% for LAZR stocks for the last 20 days with a simple moving average of -3.90% for the last 200 days for stocks in the LAZR market.

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Opinion of Analysts on LAZR

It has already been reported that many brokerage firms have already submitted their reports regarding LAZR stocks, with Rosenblatt repeating his opinion by listing the stock as a “Neutral” in the research report published on October 25th of the previous year 2022, where Rosenblatt posits that LAZR will trade for $8 in the upcoming period.

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LAZR has been given a rating of "Market Perform" by Northland Capital in its report published on September 22nd of the previous year, with a target price of $10 set for the stock.

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50-Day Moving Average for LAZR is at 20.03%

In the aftermath of a tumble that brought LAZR to its low price for the last 52 weeks, the company has been unable to rebound, which has led to the company settling with a -54.40% loss for a period of 52 weeks.

Over the past 30 days, the volatility rate in the stock market has increased by 10.53%, as the shares surged by 76.09% for the moving average over the past 20 days, as the volatility was left at 10.53%. It should be noted that the stock currently trades higher than it has over the last 50 days, currently trading +2.82% higher.

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According to the last five trading sessions, LAZR was up by +12.98%, resulting in a change of -45.29 percentage points in comparison to the 20-day moving average, which settled at $6.12, while it saw a decline of -45.29% compared to the 200-day moving average. Further, Luminar Technologies Inc. has seen an overturn of 54.75% over the past year, along with the possibility of cutting further gains in the future.

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Insider Trading

Reports indicate that there were more than a few instances of insider trading at LAZR, the first coming from AEG Holdings, LLC, who purchased 7,953 shares of the company at the price of $6.65 back on December 16, according to reports. The latest closing price for Luminar Technologies Inc. shows that AEG Holdings, LLC now owns 39,569 shares, which is valued at $52,910 according to its latest holdings.

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On the 16th of December, Jepsen Mary Lou, the Director of Luminar Technologies Inc., purchased 10,109 shares at $6.66 during a trade that was conducted, which means that based on the most recent closing price, Jepsen Mary Lou is holding 55,584 shares at a total of $67,281.

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Overview of LAZR's Stock Fundamentals

Currently, the profitability level of the company can be summed up as follows:

• Operating margin at present is -704.52
• Gross margin stood at -44.29

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It has been determined that Luminar Technologies Inc. has a net margin of -745.01. Total returns on equity are currently 330.90, and total returns on assets are 46.70.

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It should also be noted that the liquidity ratio stands at 21.68, which appears to be rather interesting for investors.