AEye (NASDAQ:LIDR) Trading Up 7.8% - Should You Buy?

Key Points

• AEye's stock price rose by 7.8% during mid-day trading, closing at $2.71 after reaching a high of $3.16.
• Wall Street Zen downgraded AEye from a "hold" rating to a "sell" rating, indicating bearish sentiment from analysts.
• Institutional investors have increased their stakes in AEye, with significant purchases in the fourth quarter, suggesting growing interest from large investment firms.

AEye, Inc. (NASDAQ:LIDR - Get Free Report)'s stock price was up 7.8% during mid-day trading on Tuesday . The stock traded as high as $3.16 and last traded at $2.71. Approximately 23,931,779 shares changed hands during trading, an increase of 188% from the average daily volume of 8,303,587 shares. The stock had previously closed at $2.51.

Analysts Set New Price Targets

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

AEye Price Performance

The firm has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $0.93. The stock has a market capitalization of $52.99 million, a P/E ratio of -0.96 and a beta of 2.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 2.50.

Institutional Investors Weigh In On AEye

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of AEye in the 4th quarter valued at about $92,000. Two Sigma Investments LP lifted its holdings in shares of AEye by 462.0% in the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock valued at $95,000 after acquiring an additional 61,437 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of AEye in the 4th quarter valued at about $66,000. Commonwealth Equity Services LLC bought a new stake in AEye in the fourth quarter worth about $43,000. Finally, Millennium Management LLC purchased a new position in shares of AEye during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 21.58% of the company's stock.

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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