AEye (NASDAQ:LIDR – Get Rating) released its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01), Yahoo Finance reports. AEye had a negative net margin of 2,294.24% and a negative return on equity of 70.52%. During the same period in the prior year, the company earned ($0.15) EPS.
AEye Stock Up 1.4 %
Shares of LIDR stock opened at $0.43 on Thursday. AEye has a twelve month low of $0.42 and a twelve month high of $6.33. The company has a market cap of $70.01 million, a P/E ratio of -0.68 and a beta of 2.77. The business has a fifty day simple moving average of $0.63 and a 200 day simple moving average of $0.86.
Analysts Set New Price Targets
Separately, DA Davidson downgraded AEye to a “neutral” rating in a research report on Thursday.
Hedge Funds Weigh In On AEye
AEye, Inc provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.
- Get a free copy of the StockNews.com research report on AEye (LIDR)
- This Is What To Expect From The Q2 Reporting Cycle
- 3 Chip Stocks Approaching Buy Points
- Don’t Overlook This Reliable, Dividend-Paying Sector
- Bearish Guidance at 3M, Still the Same Upside
- Is Credit Suisse On The Brink of a Collapse?
Receive News & Ratings for AEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AEye and related companies with MarketBeat.com's FREE daily email newsletter.