Luminar Technologies Inc (LAZR) saw an uptrend of 6.21% in the recent trading with $1.88 being its most recent. The current price level -89.89% lower than the highest price of $18.60 marked by the stock while trading over the past 52-weeks, whereas it is 18.99% higher than the lowest price of $1.58 the company dropped to over past 52-weeks. The latest news story on LAZR appeared in (Business Wire) under the title “Luminar Technologies, Inc. Sued for Securities Law Violations – Contact the DJS Law Group to Discuss Your Rights – LAZR”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 6 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.50 for the stock.
Luminar Technologies Inc Earnings – What Happened With LAZR
Coming around sales and income figures on LAZR Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Luminar Technologies Inc (LAZR) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -2.26% for net revenue.
LAZR – Luminar Technologies Inc Stock Earnings Estimates
The perspective of Luminar Technologies Inc (NASDAQ:LAZR)’s current quarter earnings identifies that analysts are in consensus over the estimate of -2.35 for stock’s EPS in the current quarter. Luminar Technologies Inc (LAZR) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -2.26% for net revenue. Company’s EPS for the last quarter was -2.4.
Luminar Technologies Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 68.76 million. LAZR does have institutional investors; and they hold 19.33% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Luminar Technologies Inc (NASDAQ:LAZR) with an ownership of 32.67 million shares of the company or 0.4797 of the stake worth $48.67 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 0.3698 of the outstanding shares. Its stake is worth $37.53 million for having 25.18 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 0.1219 of the outstanding shares. With this there are now 188.0 institutions which have possession in LAZR’s shares.
