AEye (NASDAQ:LIDR) Stock Rating Reaffirmed by Westpark Capital

Westpark Capital restated their hold rating on shares of AEye (NASDAQ:LIDR) in a research report sent to investors on Monday morning, Benzinga reports.

AEye Price Performance

LIDR stock traded down $0.10 during midday trading on Monday, reaching $1.25. 160,101 shares of the company’s stock traded hands, compared to its average volume of 2,038,503. AEye has a fifty-two week low of $0.92 and a fifty-two week high of $14.40. The business has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $1.71. The company has a market capitalization of $8.29 million, a P/E ratio of -0.11 and a beta of 2.98.

AEye (NASDAQ:LIDR) last posted its earnings results on Wednesday, May 15th. The company reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.27. AEye had a negative net margin of 8,382.08% and a negative return on equity of 117.42%. The business had revenue of $0.02 million for the quarter.

Insider Activity

In related news, Director Luis Dussan sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $4.43, for a total transaction of $221,500.00. Following the transaction, the director now directly owns 244,832 shares of the company’s stock, valued at approximately $1,084,605.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 164,880 shares of company stock worth $507,871. 11.93% of the stock is currently owned by corporate insiders.

Institutional Trading of AEye

An institutional investor recently bought a new position in AEye stock. Mirador Capital Partners LP purchased a new stake in AEye, Inc. (NASDAQ:LIDR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,648 shares of the company’s stock, valued at approximately $111,000. Mirador Capital Partners LP owned about 1.36% of AEye as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 21.58% of the company’s stock.

AEye Company Profile

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.