AEye, Inc. (NASDAQ:LIDR - Get Free Report)'s share price dropped 16% on Tuesday . The stock traded as low as $3.40 and last traded at $3.40. Approximately 29,689,822 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 43,638,440 shares. The stock had previously closed at $4.05.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut shares of AEye from a "hold" rating to a "sell" rating in a report on Saturday.
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AEye Stock Performance
The stock's 50-day simple moving average is $1.28 and its 200-day simple moving average is $0.92. The stock has a market cap of $55.38 million, a price-to-earnings ratio of -1.00 and a beta of 2.98. The company has a current ratio of 2.50, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01.
Institutional Trading of AEye
Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in AEye in the 4th quarter valued at $32,000. Commonwealth Equity Services LLC bought a new position in shares of AEye during the 4th quarter worth approximately $43,000. Two Sigma Securities LLC purchased a new stake in shares of AEye during the 4th quarter worth approximately $66,000. Citadel Advisors LLC purchased a new stake in shares of AEye during the 4th quarter worth approximately $92,000. Finally, Two Sigma Investments LP increased its stake in shares of AEye by 462.0% during the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock worth $95,000 after purchasing an additional 61,437 shares during the last quarter. Institutional investors own 21.58% of the company's stock.
AEye Company Profile
(
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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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