Free Trial

AEye (NASDAQ:LIDR) Trading 8.5% Higher - Here's Why

AEye logo with Computer and Technology background

Key Points

  • AEye, Inc. stock increased by **8.5%** during mid-day trading, reaching a high of **$2.65**, though the trading volume was significantly lower than average.
  • Wall Street Zen downgraded AEye from a **"hold"** to a **"sell"** rating, indicating a bearish outlook on the company’s stock performance.
  • Institutional ownership stands at **21.58%**, with recent investments from several firms, suggesting some investor confidence despite the downgrade.
  • MarketBeat previews the top five stocks to own by November 1st.

AEye, Inc. (NASDAQ:LIDR - Get Free Report)'s share price shot up 8.5% during mid-day trading on Thursday . The stock traded as high as $2.65 and last traded at $2.63. 2,617,530 shares were traded during mid-day trading, a decline of 68% from the average session volume of 8,291,933 shares. The stock had previously closed at $2.42.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of AEye from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd.

Read Our Latest Stock Report on LIDR

AEye Stock Performance

The business's fifty day moving average price is $1.47 and its 200-day moving average price is $0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 2.50. The stock has a market cap of $53.84 million, a PE ratio of -0.97 and a beta of 3.00.

Institutional Trading of AEye

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC purchased a new stake in shares of AEye during the 4th quarter valued at about $32,000. Thompson Davis & CO. Inc. purchased a new position in shares of AEye in the second quarter worth approximately $34,000. Commonwealth Equity Services LLC purchased a new position in shares of AEye in the fourth quarter worth approximately $43,000. Two Sigma Securities LLC purchased a new position in shares of AEye in the fourth quarter worth approximately $66,000. Finally, Citadel Advisors LLC purchased a new position in shares of AEye in the fourth quarter worth approximately $92,000. Hedge funds and other institutional investors own 21.58% of the company's stock.

AEye Company Profile

(Get Free Report)

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.

See Also

Should You Invest $1,000 in AEye Right Now?

Before you consider AEye, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AEye wasn't on the list.

While AEye currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.