The Recent Market Trends Affecting Luminar Technologies’ Stock

The share price of Luminar Technologies Inc. (LAZR) is down -14.76% for the week after rising 25.26% in the previous month and 17.98% in the previous three months. For LAZR, the volatility ratio for the past week is 9.10%, while the volatility for the previous 30 days is 11.30%. For the past 20 days, LAZR stock's simple moving average is 6.86%, and for the past 200 days, it is 11.80%.

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

At 1.62, LAZR's 36-month beta score is particularly impressive. Seven analysts have given the company a "buy" rating, one has given it a "overweight" rating, four have given it a "hold" rating, and 0 have given it a "sell" rating.

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LAZR's average analyst price prediction is $13.42, which is $4.39 more expensive than the current price. LAZR has a 235.86M public float, of which short sellers now own 28.54%. 12.36 million shares were traded on average on March 13, 2023 for LAZR.

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The most recent price change for LAZR)

The stock price of Luminar Technologies Inc. (NASDAQ: LAZR) has dropped by -7.46 from its previous closing price of 9.11 to the current price. Notwithstanding this, over the previous five trading days, the stock price of the company fell by -14.76%. Self-Driving Technologies Supplier Luminar Just Reached a Milestone, according to Trade Algo.

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LAZR analyst opinions

The share price of Luminar Technologies Inc. (LAZR) is down -14.76% for the week after rising 25.26% in the previous month and 17.98% in the previous three months. For LAZR, the fluctuation ratio for the past week is 9.10%, while the volatility for the previous 30 days is 11.30%. For the past 20 days, LAZR stock's simple moving average is 6.86%, and for the past 200 days, it is 11.80%.

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LAZR analyst opinions

Many brokerages already have decided to submit their news stories for LAZR stocks, to Rosenblatt having to repeat the rating for LAZR by listing it as a "Neutral." Based on the research report released on October 25th of the preceding year 2022, Rosenblatt predicts that the price for LAZR in the upcoming period will be $8.

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In a research released on September 22nd of the prior year, Northland Capital rated LAZR as "Market Perform" and put the target price at $10.

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LAZR is currently trading 25.79% away from its 50-day moving average.

Following a market wobble that caused LAZR to reach its 52-week low price, the firm was unable to recover, and is now settling with a loss of -49.28% for the specified time.

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Volatility was maintained at 11.30%, but over the previous 30 days, it climbed by 9.10% as shares rose +32.13% for the rolling average over the previous 20 days. In contrast, the stock is currently trading +73.99% higher over the past 50 days.

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LAZR decreased by 14.76% over the previous five trading sessions, which resulted in a shift of -12.19% in the 200-day moving average relative to the 20-day moving average, which closed at $7.99. Moreover, Luminar Technologies Inc. saw a 70.30% overturn in just one year, with a propensity to limit future increases.

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Internal Trading

According to reports, there were numerous instances of insider trading at LAZR, beginning with Jepsen Mary Lou's purchase of 10,109 shares on December 16 for $6.66. Jepsen Mary Lou now directly owns 55,584 shares of Luminar Technologies Inc. with a market value of $67,281, as of the close of trading on Friday.

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The Director of Luminar Technologies Inc., AEG Holdings, LLC, acquired 7,953 shares at $6.65 in a transaction that occurred back on December 16, which translates to a holding of 39,569 shares at $52,910 according to the most recent closing price.

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LAZR Stock Basics

The company's current levels of profitability are:

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• For the current operating margin, enter -1087.04
• For the gross margin, -152.06
• Luminar Technologies Inc. has a net margin of -1095.73. Asset returns currently total -59.20, with an equity return value of -778.90.

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The liquidity ratio, which is currently 7.15, also seems to be quite intriguing for investors.

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Conclusion

In conclusion, recent results for Luminar Technologies Inc. (LAZR) have been inconsistent. The stock is the subject of positive analyst opinions, with some analysts rating it as a "buy" and others as a "hold". It's crucial to keep in mind that the business is at present trading at a considerable discount to both its 52-week high and 50-day moving average.