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.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
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.