AEye (NASDAQ:LIDR – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04), FiscalAI reports. The firm had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.28 million. AEye had a negative net margin of 14,574.25% and a negative return on equity of 64.69%.
AEye Price Performance
NASDAQ:LIDR traded up $0.28 during trading hours on Wednesday, reaching $2.43. 4,847,951 shares of the company were exchanged, compared to its average volume of 3,394,545. The firm has a market cap of $110.19 million, a price-to-earnings ratio of -1.72 and a beta of 2.80. The stock has a 50 day simple moving average of $1.84 and a 200 day simple moving average of $2.04. AEye has a 52-week low of $0.65 and a 52-week high of $6.44.
Wall Street Analyst Weigh In
LIDR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of AEye in a report on Friday, March 27th. Craig Hallum began coverage on shares of AEye in a research note on Friday, April 24th. They set a “buy” rating and a $3.50 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AEye currently has a consensus rating of “Hold” and an average price target of $4.75.
Institutional Trading of AEye
A number of institutional investors have recently modified their holdings of LIDR. Squarepoint Ops LLC purchased a new position in AEye in the 3rd quarter worth approximately $33,000. Millennium Management LLC purchased a new stake in shares of AEye during the fourth quarter valued at approximately $64,000. Two Sigma Investments LP purchased a new stake in shares of AEye during the third quarter valued at approximately $95,000. Geode Capital Management LLC lifted its position in shares of AEye by 6.8% during the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock worth $112,000 after purchasing an additional 6,873 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of AEye by 289.2% in the fourth quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $132,000 after purchasing an additional 53,500 shares during the period. Hedge funds and other institutional investors own 21.58% of the company’s stock.
About AEye
AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.
The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.
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