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Monday, June 5, 2023

The Question Is Whether To Buy Or Not To Buy Luminar Technologies Inc. (NASDAQ: LAZR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Luminar Technologies Inc. (LAZR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -1.01%, to $5.90. The Luminar Technologies Inc. has recorded 58,756 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Luminar Expands in Asia with New Factory; Standardized on New Variant of the Volvo EX90.

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Stocks Info

Luminar Technologies Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Auto Parts industry. At the end of the last regular session, the stock closed at $5.96 and fluctuated between $6.10 as its day high and $5.81 as its day low. The current market capitalization of Luminar Technologies Inc. is $2.15B. A total of 6.64 million shares were traded on the day, compared to an average of 12.04M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LAZR has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 57,880 shares. Over the last 12 months, there were 28 BUYs and 8 SELLs from insiders. Insiders purchased 1,846,205 shares during that period but sold 504,759.

In the most recent transaction, Jepsen Mary Lou bought 10,109 shares of LAZR for 6.66 per share on Dec 16. After the transaction, the Director now owns 55,584 company shares. In a previous transaction on Dec 16, AEG Holdings, LLC bought 7,953 shares at 6.65 per share. LAZR shares that Director owns now total 39,569.

Among the insiders who bought shares, Tempesta Daniel David acquired of 3,325 shares on Dec 15 at a per-share price of $6.92. This resulted in the Director holding 115,921 shares of LAZR after the transaction. In another insider transaction, Simoncini Matthew bought 11,458 shares at $7.43 per share on Dec 13. Company shares held by the Director now total 76,570.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LAZR in the last 3 months, the mean price target is $13.29 with high estimates of $24.00 and low estimates of $4.50. In terms of 52-week highs and lows, LAZR has a high of $12.88 and a low of $3.91.

As of this writing, LAZR has an earnings estimate of $-0.21 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $-0.16 per share and a lower estimate of $-0.25. The company reported an EPS of $-0.18 in the last quarter, which was 10.00% higher than expectations of $-0.2.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LAZR’s latest balance sheet shows that the firm has $792.12M in Cash & Short Term Investments as of fiscal 2021. There were $619.46M in debt and $39.00M in liabilities at the time. Its Book Value Per Share was $-0.07, while its Total Shareholder’s Equity was $197.99M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LAZR is Hold with a score of 4.11. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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