AEye Inc. (LIDR) may enjoy gains as insiders got busy in the recent days


AEye Inc.’s recent filing unveils that its Director Dunn Timothy J acquired Company’s shares for reported $794.0 on Dec 16. In the deal valued at $0.79 per share,1,000 shares were bought. As a result of this transaction, Dunn Timothy J now holds 28,514 shares worth roughly $ 16823.26.

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Then, Dunn Timothy J bought 4,000 shares, generating $3,035 in total proceeds. Upon buying the shares at $0.76, the Director now owns 27,514 shares.

Before that, HUGHES ANDREW S bought 9,460 shares. AEye Inc. shares valued at $6,879 were divested by the Secretary & General Counsel at a price of $0.73 per share. As a result of the transaction, HUGHES ANDREW S now holds 1,679,124 shares, worth roughly $0.99 million.

DA Davidson initiated its AEye Inc. [LIDR] rating to a Buy in a research note published on Tuesday, November 11, 2021; the price target was $15. PT values the company’s stock at a premium of 96.07 to its Tuesday closing price. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Guggenheim began covering LIDR with “Buy” recommendation on September 23, 2021.

Price Performance Review of LIDR

On Tuesday, AEye Inc. [NASDAQ:LIDR] saw its stock fall -1.55% to $0.59. On the same session, the stock had its day’s lowest price of $0.5841, but rose to a high of $0.6374. Over the last five days, the stock has lost -7.70%. AEye Inc. shares have risen nearly 22.91% since the year began. Nevertheless, the stocks have fallen -81.66% over the past one year. While a 52-week high of $6.33 was reached on 02/06/23, a 52-week low of $0.46 was recorded on 01/03/23. SMA at 50 days reached $0.6469, while 200 days put it at $1.6652. A total of 0.67 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For LIDR Stock

The 24-hour chart illustrates a support level at 0.5707, which if violated will result in even more drops to 0.5508. On the upside, there is a resistance level at 0.6240. A further resistance level may holdings at 0.6574. The Relative Strength Index (RSI) on the 14-day chart is 40.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0754, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.39%. Stochastics %K at 5.27% indicates the stock is a buying.

How much short interest is there in AEye Inc.?

A steep rise in short interest was recorded in AEye Inc. stocks on Jan 30, 2023, dropping by -1.0 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 6.87 million shares. There was a decline of -17.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.42.

AEye Inc. [LIDR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,217,167 shares, or roughly 4.48% of the outstanding LIDR shares. In other words, the investor’s shares have risen by 356,724 from its previous 13-F filing of 6860443.0.. At present, Geode Capital Management LLC is holding 2,008,795 shares valued at $1.26 million. Mitsubishi UFJ Kokusai Asset Mana owned 1,334,839 shares of the company at the time of its most recent 13F filing, worth $0.83 million.

According to FactSet, AEye Inc.’s share price will average $5.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 983.33 percent from its previous closing price of $0.60. Analysts expect AEye Inc. stock to reach the higher price of $9.00, while the lowest price estimate is $1.00. However, 4 analysts have rated LIDR stock as an Overweight in their predictions for 2023.


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