15 Cheapest Stocks Insiders Are Buying In March

5. AEye, Inc. (NASDAQ:LIDR)

Market Capitalization: $12.86 million

AEye ranks fifth among the 15 cheapest stocks insiders are buying in March. The Pleasanton, California-headquartered company designs and provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the U.S. and Europe. Its main product is the 4Sight Intelligent Sensing Platform, a solid-state lidar sensor for safety-critical applications in automotive and non-automotive markets.

For the full year 2024, AEye reported revenue of $202,000, which compares to revenue of $1.46 million in 2023. Net loss amounted to $35.46 million, compared to a net loss of $87.13 million in the previous year.

“AEye just closed out a transformational year marked by significant milestones including a new product launch, extended financial runway, increased engagement with OEM customers, and expansion into new markets,” stated Matt Fisch, AEye CEO. “Apollo has officially launched in the U.S. and is currently being tested in the field by customers interested in its differentiated capabilities for a range of applications where high visibility is mission critical. Our strategic partnerships in China are also contributing to increased exposure to prospective customers, thanks to our partners’ well-established networks and supply chains in the region.”

In March, three insiders, including the CEO, bought around $47,794 worth of AEye shares at an average price of $0.57 per share. Currently, the stock trades at $0.69 per share, down 45.82% year-to-date and 60.23% over the past 12 months.

Analyst coverage for AEye is currently limited.