We recently published a list of 15 Cheapest Stocks Insiders Are Buying In March. In this article, we are going to take a look at where AEye, Inc. (NASDAQ:LIDR) stands against other cheapest stocks insiders are buying in March.
After solid gains Monday, the broader market index and blue chip companies traded flat Tuesday, while the NASDAQ Composite rose 0.2%. Monday’s enthusiasm came from hopes of looser U.S. tariffs.
Investors mostly ignored the March consumer confidence data released on Tuesday, which showed a sharp decline in U.S. consumers’ short-term outlook on income, business, and job conditions, reports CNBC.
“Sentiment continues to wane among investors, consumers and businesses as economic concerns and economic policy uncertainty takes its toll,” said Bret Kenwell, U.S. investment analyst at eToro. “Until there’s more certainty on the tariff and macro front, sentiment and confidence remain vulnerable.”
As investors navigate daily market changes, uncertainty remains a persistent factor. Insider trading tends to attract attention during these periods, as purchases of company stock by executives may suggest optimism about the company’s future. However, insider selling doesn’t necessarily signal a lack of confidence—it could simply be for personal financial reasons or to diversify holdings. Many executives use pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it’s important to evaluate it alongside a company’s financial stability, broader market trends, and industry dynamics.
What are some of the cheapest stocks insiders have been buying this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 10 stocks with the lowest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
A view of a modern car with interchangeable parts, highlighting the company’s offerings in the auto parts industry.
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.
Overall, LIDR ranks 5th on our list of cheapest stocks insiders are buying in March. While we acknowledge the potential of LIDR our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LIDR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
