Insider Selling: AEye, Inc. (NASDAQ:LIDR) Director Sells 6,000 Shares of Stock

AEye, Inc. (NASDAQ:LIDR) Director Luis Dussan sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $3.81, for a total transaction of $22,860.00. Following the completion of the sale, the director now owns 33,000 shares in the company, valued at $125,730. This represents a 15.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

AEye Trading Up 28.3 %

NASDAQ LIDR traded up $0.66 on Tuesday, hitting $2.99. 48,777,244 shares of the stock were exchanged, compared to its average volume of 20,933,088. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.24 and a current ratio of 2.26. AEye, Inc. has a 52-week low of $0.78 and a 52-week high of $5.15. The firm has a market capitalization of $27.31 million, a P/E ratio of -0.36 and a beta of 2.84. The stock has a fifty day moving average price of $1.19 and a two-hundred day moving average price of $1.30.

AEye (NASDAQ:LIDR) last released its earnings results on Tuesday, November 12th. The company reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($0.89) by $0.19. AEye had a negative return on equity of 158.98% and a negative net margin of 24,308.44%. The business had revenue of $0.10 million during the quarter.

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.