What's Going On With AEye Stock After Earnings?

AEye, Inc. LIDR shares are trading higher Wednesday. The company posted its first-quarter financial results Tuesday after the market close. 

The Details:

AEye reported quarterly losses of $1.13 per share which beat the analyst consensus estimate of losses of $1.40 by 19.29%.  Quarterly revenue came in at $20,000, missing the analyst consensus estimate of $100,000 by 80% and represents a 96.86% decrease from the same period last year.

The company also announced it will partner with Accelight Technologies, Inc. and LighTekton Co., Ltd. to deliver AEye’s 4Sight lidar solutions to the China market. 

“AEye made incredible progress with our capital-light partnership model in the first quarter, including significantly expanding our strategic opportunities and opening the door to the booming lidar market in China. The first product from our 4Sight Flex reference design, Apollo, has passed an important technical performance milestone, which is driving interest among automotive OEMs. Additionally, our new Tier 1 partnership with LITEON creates a path to further strengthening our industry leading product in terms of both cost and performance,” said Matt Fisch, AEye CEO. 

AEye shares are moving on heavy trading volume with more than 27.6 million shares already traded in Wednesday's session. According to data from Benzinga Pro, the stock’s 100-day average volume is 3.08 million shares.

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Is LIDR A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like AEye‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. AEye does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 7.32%, you'll need to buy a share of Genco Shipping & Trading by May 21. Once done, you can expect to receive a nominal payout of $0.42 on May 30.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on AEye will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

LIDR Price Action: According to Benzinga Pro, AEye shares are up 35% at $3.32 at the time of publication Wednesday.

Image: Brian Penny from Pixabay