An Analysis of AEye Inc. (LIDR)’s Potential Price Growth

0
18
CALM
CALM

AEye Inc.’s filing revealed 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 $ 13686.72.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.

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 $0.81 million.

DA Davidson initiated its AEye Inc. [LIDR] rating to a Buy in a research note published on Friday, November 11, 2021; the price target was $15. PT values the company’s stock at a premium of 96.8 to its Friday 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 Friday, AEye Inc. [NASDAQ:LIDR] saw its stock fall -7.91% to $0.48. On the same session, the stock had its day’s lowest price of $0.4624, but rose to a high of $0.5584. Over the last five days, the stock has lost -15.84%. AEye Inc. shares have fallen nearly -0.94% since the year began. Nevertheless, the stocks have fallen -86.85% 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 03/10/23. SMA at 50 days reached $0.6319, while 200 days put it at $1.4795. A total of 0.85 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For LIDR Stock

The 24-hour chart illustrates a support level at 0.4395, which if violated will result in even more drops to 0.4030. On the upside, there is a resistance level at 0.5355. A further resistance level may holdings at 0.5950. The Relative Strength Index (RSI) on the 14-day chart is 33.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0574, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.70%. Stochastics %K at 7.99% 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 $1.19 million. Mitsubishi UFJ Kokusai Asset Mana owned 1,334,839 shares of the company at the time of its most recent 13F filing, worth $0.79 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 1150.0 percent from its previous closing price of $0.52. 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here