In the meantime, A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Deutsche Bank also remained covering LAZR and has decreased its forecast on January 17, 2024 with a “Hold” recommendation from previously “Buy” rating.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of LAZR
On Tuesday, Luminar Technologies Inc [NASDAQ:LAZR] saw its stock fall -4.71% to $0.89. Over the last five days, the stock has gained 9.47%. Luminar Technologies Inc shares have fallen nearly -73.56% since the year began. Nevertheless, the stocks have fallen -73.08% over the past one year. While a 52-week high of $3.99 was reached on 01/09/24, a 52-week low of $0.73 was recorded on 09/12/24. SMA at 50 days reached $0.8770, while 200 days put it at $1.5792.
Levels Of Support And Resistance For LAZR Stock
The 24-hour chart illustrates a support level at 0.8431, which if violated will result in even more drops to 0.7951. On the upside, there is a resistance level at 0.9369. A further resistance level may holdings at 0.9827. The Relative Strength Index (RSI) on the 14-day chart is 53.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0418, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.27%. Stochastics %K at 56.21% indicates the stock is a holding.
How much short interest is there in Luminar Technologies Inc?
A steep rise in short interest was recorded in Luminar Technologies Inc stocks on 2024-10-15, growing by 12.23 million shares to a total of 110.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 98.63 million shares. There was a rise of 11.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 10, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $10.
