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. Yahoo Finance discussed the stock recently as it posted Luminar Reports Fourth Quarter & Full Year 2023 Business Update and Financials.
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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 $2.33 and fluctuated between $2.4101 as its day high and $2.2850 as its day low. The current market capitalization of Luminar Technologies Inc is $936.54M. A total of 6.27 million shares were traded on the day, compared to an average of 7.96M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 6 SELLs from insiders. Insiders purchased 3,847,194 shares during that period but sold 172,332.
In the most recent transaction, Prescott Alan sold 42,171 shares of LAZR for 5.57 per share on Sep 06. After the transaction, the Chief Legal Officer now owns 1,467,282 company shares. In a previous transaction on Sep 06, Fennimore Thomas sold 18,305 shares at 5.57 per share. LAZR shares that Chief Financial Officer owns now total 692,699.
Among the insiders who sold shares, Prescott Alan disposed of 37,433 shares on Jun 05 at a per-share price of $7.21. This resulted in the Chief Legal Officer holding 1,509,453 shares of LAZR after the transaction. In another insider transaction, Fennimore Thomas sold 16,543 shares at $7.21 per share on Jun 05. Company shares held by the Chief Financial Officer now total 711,004.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, LAZR has a high of $10.55 and a low of $2.09.
As of this writing, LAZR has an earnings estimate of -$0.2 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.32. The company reported an EPS of -$0.21 in the last quarter, which was 4.50% higher than expectations of -$0.22.
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 -$0.54, 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, 0 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 Buy with a score of 4.11.
