AEye (NASDAQ:LIDR) Trading Down 1.3% - Time to Sell?

Key Points

• AEye's stock price decreased by 1.3% to $2.69, with trading volume dropping 80% compared to average daily volume.
• Wall Street analysts downgraded AEye from a "hold" to a "sell" rating as of August 2nd.
• Institutional investors own 21.58% of AEye's stock, with significant increases in holdings reported by firms like Two Sigma Investments.

AEye, Inc. (NASDAQ:LIDR - Get Free Report) was down 1.3% during mid-day trading on Friday . The stock traded as low as $2.60 and last traded at $2.69. Approximately 1,671,666 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,234,137 shares. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded AEye from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

AEye Price Performance

The company has a current ratio of 1.93, a quick ratio of 1.91 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $109.04 million, a price-to-earnings ratio of -0.95 and a beta of 3.00. The stock has a 50-day moving average price of $1.82 and a 200 day moving average price of $1.08.

Institutional Investors Weigh In On AEye

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in AEye in the 4th quarter worth about $92,000. Millennium Management LLC acquired a new stake in AEye in the 4th quarter worth about $32,000. Two Sigma Investments LP boosted its holdings in AEye by 462.0% in the 4th 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 acquired a new stake in AEye in the 4th quarter worth about $66,000. Finally, Geode Capital Management LLC boosted its holdings in AEye by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company's stock worth $112,000 after buying an additional 6,873 shares during the last quarter. 21.58% of the stock is currently owned by institutional investors and hedge funds.

About AEye

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.

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