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Luminar Technologies Inc: Buy, Hold, or Sell? Analysts Weigh In Amid Market Challenges

Luminar Technologies Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $53.47 on 01/09/24, and the lowest price during that time was $4.93, recorded on 12/24/24.

52-week price history of LAZR Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Luminar Technologies Inc’s current trading price is -84.14% away from its 52-week high, while its distance from the 52-week low is 72.01%. The stock’s price range during this period has fluctuated between $4.93 and $53.47. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 7.35 million for the day, which was evidently higher than the average daily volume of 2.76 million over the last three months.

Financial Performance and Market Capitalization

Luminar Technologies Inc (LAZR) has experienced a quarterly decline of -36.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 282.35M and boasts a workforce of 800 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 11.47, with a change in price of -6.15. Similarly, Luminar Technologies Inc recorded 2,381,154 in trading volume during the last 100 days, posting a change of -42.03%.

LAZR Stock Stochastic Average

Luminar Technologies Inc’s raw stochastic average for the past 50 days is currently at 25.97%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 93.54%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 57.00% and 35.10%, respectively.

LAZR Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 57.62%. However, over the last six months, the performance has been stronger by -63.41%. The price of LAZR increased 3.79% over the last 30 days. And in the last five days, it has surged by 45.21%.

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