With 1.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.37 million shares. The 52-week range on LAZR shows that it touched its highest point at $34.80 and its lowest point at $4.47 during that stretch. It currently has a 1-year price target of $22.00. Beta for the stock currently stands at 1.94.
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 -2.67%, but this was down by -13.05% over a month. Three-month performance dropped to -37.18% while six-month performance fell -60.58%. The stock lost -84.77% in the past year, while it has lost -12.08% so far this year. A look at the trailing 12-month EPS for LAZR yields -13.35 with Next year EPS estimates of -6.44. For the next quarter, that number is -2.15. This implies an EPS growth rate of 23.24% for this year and 34.93% for next year. EPS is expected to grow by 29.92% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -406.53%.
Float and Shares Shorts:
At present, 26.72 million LAZR shares are outstanding with a float of 25.80 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$9.62729 being high and -$10.30986 being low. For LAZR, this leads to a yearly average estimate of -$9.90236. Based on analyst estimates, the high estimate for the next quarter is -$1.5 and the low estimate is -$2.1. The average estimate for the next quarter is thus -$1.82.
