AEye (NASDAQ:LIDR) Trading Down 5.5%

AEye, Inc. (NASDAQ:LIDR) traded down 5.5% during trading on Wednesday . The stock traded as low as $1.17 and last traded at $1.20. 60,492 shares were traded during trading, a decline of 79% from the average session volume of 288,232 shares. The stock had previously closed at $1.27.

AEye Price Performance

The company has a market cap of $7.80 million, a PE ratio of -0.08 and a beta of 2.18. The company has a fifty day moving average price of $1.37 and a 200 day moving average price of $3.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC purchased a new stake in AEye in the first quarter worth approximately $57,000. BlackRock Inc. lifted its position in AEye by 2.3% in the first quarter. BlackRock Inc. now owns 1,638,224 shares of the company’s stock valued at $8,960,000 after purchasing an additional 37,425 shares during the last quarter. Vanguard Group Inc. lifted its position in AEye by 100.4% in the first quarter. Vanguard Group Inc. now owns 4,453,408 shares of the company’s stock valued at $24,360,000 after purchasing an additional 2,230,979 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in AEye by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 527,822 shares of the company’s stock valued at $2,888,000 after purchasing an additional 13,045 shares during the last quarter. Finally, UBS Group AG bought a new stake in AEye in the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 21.58% of the company’s stock.

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, Germany, 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.