AEye (NASDAQ:LIDR) Trading Up 3.8% – Here’s Why

Shares of AEye, Inc. (NASDAQ:LIDR) were up 3.8% during trading on Monday . The stock traded as high as $0.79 and last traded at $0.79. Approximately 179,128 shares traded hands during trading, a decline of 85% from the average daily volume of 1,166,657 shares. The stock had previously closed at $0.76.

AEye Trading Up 3.8%

The company has a quick ratio of 2.24, a current ratio of 2.26 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $0.66 and its 200-day simple moving average is $0.92. The company has a market capitalization of $15.11 million, a PE ratio of -0.17 and a beta of 2.69.

Institutional Investors Weigh In On AEye

Several institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new stake in AEye during the 4th quarter valued at $43,000. Virtu Financial LLC acquired a new stake in AEye during the 4th quarter valued at $77,000. Geode Capital Management LLC grew its holdings in AEye by 19.7% during the 4th quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock valued at $99,000 after purchasing an additional 12,779 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in AEye during the 4th quarter valued at $66,000. Finally, Citadel Advisors LLC acquired a new stake in AEye during the 4th quarter valued at $92,000. 21.58% of the stock is currently owned by hedge funds and other institutional investors.

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.