With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.45 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $9.45 whereas the lowest price it dropped to was $8.75. The 52-week range on LAZR shows that it touched its highest point at $55.35 and its lowest point at $8.63 during that stretch. It currently has a 1-year price target of $32.14. Beta for the stock currently stands at 1.55.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LAZR was down-trending over the past week, with a drop of -18.23%, but this was down by -31.22% over a month. Three-month performance dropped to -41.96% while six-month performance fell -63.90%. The stock lost -75.69% in the past year, while it has lost -82.43% so far this year. A look at the trailing 12-month EPS for LAZR yields -1.28 with Next year EPS estimates of -0.48. For the next quarter, that number is -0.17. This implies an EPS growth rate of -17.40% for this year and 28.40% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.30%.
Float and Shares Shorts:
At present, 33.30 million LAZR shares are outstanding with a float of 25.86 million shares on hand for trading. On 2024-11-15, short shares totaled 6.69 million, which was 2009.0 higher than short shares on 1728950400. In addition to Mr. Austin Russell as the firm’s Founder, Chairperson, CEO & President, Mr. Thomas J. Fennimore serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.35562 of LAZR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, LAZR reported revenue of $15493000.0 and operating income of -$105926000.0. The EBITDA in the recently reported quarter was -$95574000.0 and diluted EPS was -$0.24.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAZR since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LAZR analysts setting a high price target of 90.0 and a low target of 7.5, the average target price over the next 12 months is 29.99999. Based on these targets, LAZR could surge 913.51% to reach the target high and fall by -15.54% to reach the target low. Reaching the average price target will result in a growth of 237.84% from current levels.
Analysts have provided yearly estimates in a range of -$9.77971 being high and -$10.47309 being low. For LAZR, this leads to a yearly average estimate of -$10.05913.
