AEye, Inc. (NASDAQ:LIDR - Get Free Report) shares dropped 7.4% on Wednesday . The stock traded as low as $2.86 and last traded at $2.95. Approximately 2,835,924 shares changed hands during trading, a decline of 66% from the average daily volume of 8,282,078 shares. The stock had previously closed at $3.18.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of AEye from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.
Read Our Latest Report on AEye
AEye Stock Down 14.2%
The firm has a fifty day moving average of $1.56 and a 200-day moving average of $1.00. The company has a quick ratio of 2.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $52.50 million, a P/E ratio of -0.95 and a beta of 3.00.
Institutional Investors Weigh In On AEye
Several large investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in shares of AEye in the 4th quarter valued at about $92,000. Millennium Management LLC bought a new position in AEye during the fourth quarter worth about $32,000. Two Sigma Investments LP increased its position in AEye by 462.0% during the fourth quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock worth $95,000 after buying an additional 61,437 shares during the last quarter. Two Sigma Securities LLC bought a new stake in AEye in the fourth quarter valued at approximately $66,000. Finally, Geode Capital Management LLC lifted its position in shares of AEye by 6.8% in the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company's stock valued at $112,000 after buying an additional 6,873 shares during the last quarter. Institutional investors and hedge funds own 21.58% of the company's stock.
About AEye
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access