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NVDA   158.27 (-2.72%)
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T   18.82 (-1.57%)
MU   55.75 (-4.55%)
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AMC   7.33 (-2.40%)
PYPL   79.93 (-0.19%)
PFE   49.57 (+0.73%)
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NASDAQ:LAZR

Luminar Technologies - LAZR Stock Forecast, Price & News

$7.39
-0.29 (-3.78%)
(As of 11/28/2022 04:32 PM ET)
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Compare
Today's Range
$7.27
$7.72
50-Day Range
$6.62
$9.53
52-Week Range
$5.61
$18.16
Volume
3.24 million shs
Average Volume
6.02 million shs
Market Capitalization
$2.68 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.57

Luminar Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
110.4% Upside
$15.57 Price Target
Short Interest
Bearish
26.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Luminar Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$711,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.20) to ($1.11) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Auto/Tires/Trucks Sector

11th out of 105 stocks

Motor Vehicle Parts & Accessories Industry

5th out of 35 stocks

LAZR stock logo

About Luminar Technologies (NASDAQ:LAZR) Stock

Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Component segment develops ultra-sensitive pixel-based sensors. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.

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LAZR Stock News Headlines

4 Analysts Have This to Say About Luminar Technologies
Luminar Technologies Inc Ordinary Shares - Class A
Luminar Technologies: Too Much Panic
Why did Luminar Technologies stock slide today?
Luminar Technologies downgraded at Northland Securities
Luminar Technologies, Inc. (LAZR)
See More Headlines
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LAZR Company Calendar

Last Earnings
11/11/2021
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/27/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:LAZR
Fax
N/A
Employees
500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.57
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+110.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$-237,990,000.00
Net Margins
-894.68%
Pretax Margin
-893.33%

Debt

Sales & Book Value

Annual Sales
$31.94 million
Book Value
$0.57 per share

Miscellaneous

Free Float
205,865,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
1.55

Key Executives

  • Mr. Austin RussellMr. Austin Russell (Age 26)
    Founder, Chairperson, CEO & Pres
    Comp: $1
  • Dr. Jason M. Eichenholz Ph.D. (Age 50)
    Co-Founder & CTO
    Comp: $400k
  • Mr. Thomas J. FennimoreMr. Thomas J. Fennimore (Age 45)
    Chief Financial Officer
    Comp: $500k
  • Mr. Alan Prescott (Age 43)
    Chief Legal Officer & Corp. Sec.
    Comp: $302.56k
  • Mr. Sardar Gautham
    VP of Bus. Operations & Alignment
  • Mr. Sameer Ladiwala
    Chief Accounting Officer
  • Mr. Munir Hafez
    Chief Information Officer
  • Mr. Trey Campbell
    VP of Investor Relations
  • Mr. Alex David Vitale (Age 57)
    Head of Corp. Devel. & Strategy
  • Mr. Taner Ozcelik Ph.D. (Age 54)
    Exec. VP & Gen. Mang.













LAZR Stock - Frequently Asked Questions

Should I buy or sell Luminar Technologies stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luminar Technologies in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LAZR shares.
View LAZR analyst ratings
or view top-rated stocks.

What is Luminar Technologies' stock price forecast for 2023?

10 brokers have issued twelve-month price objectives for Luminar Technologies' stock. Their LAZR share price forecasts range from $8.00 to $30.00. On average, they predict the company's share price to reach $15.57 in the next year. This suggests a possible upside of 108.7% from the stock's current price.
View analysts price targets for LAZR
or view top-rated stocks among Wall Street analysts.

How have LAZR shares performed in 2022?

Luminar Technologies' stock was trading at $16.91 on January 1st, 2022. Since then, LAZR stock has decreased by 55.9% and is now trading at $7.46.
View the best growth stocks for 2022 here
.

Are investors shorting Luminar Technologies?

Luminar Technologies saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 56,760,000 shares, an increase of 7.9% from the October 31st total of 52,610,000 shares. Based on an average daily trading volume, of 6,050,000 shares, the short-interest ratio is currently 9.4 days. Approximately 26.1% of the company's stock are short sold.
View Luminar Technologies' Short Interest
.

When is Luminar Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our LAZR earnings forecast
.

How were Luminar Technologies' earnings last quarter?

Luminar Technologies, Inc. (NASDAQ:LAZR) released its earnings results on Thursday, November, 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.10). The business had revenue of $7.98 million for the quarter, compared to the consensus estimate of $8.98 million. Luminar Technologies had a negative trailing twelve-month return on equity of 328.76% and a negative net margin of 894.68%.

What guidance has Luminar Technologies issued on next quarter's earnings?

Luminar Technologies issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $40.00 million-$45.00 million, compared to the consensus revenue estimate of $43.87 million.

What is Luminar Technologies' stock symbol?

Luminar Technologies trades on the NASDAQ under the ticker symbol "LAZR."

Who are Luminar Technologies' major shareholders?

Luminar Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.42%), BlackRock Inc. (4.56%), Macquarie Group Ltd. (1.60%), Barclays PLC (1.41%), State Street Corp (1.33%) and Vaughan Nelson Investment Management L.P. (1.37%). Insiders that own company stock include Aeg Holdings, Llc, Austin Russell, Jun Hong Heng, Matthew Simoncini and Thomas Fennimore.
View institutional ownership trends
.

How do I buy shares of Luminar Technologies?

Shares of LAZR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Luminar Technologies' stock price today?

One share of LAZR stock can currently be purchased for approximately $7.46.

How much money does Luminar Technologies make?

Luminar Technologies (NASDAQ:LAZR) has a market capitalization of $2.71 billion and generates $31.94 million in revenue each year. The company earns $-237,990,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis.

How many employees does Luminar Technologies have?

The company employs 500 workers across the globe.

How can I contact Luminar Technologies?

Luminar Technologies' mailing address is 9800 Wilshire Blvd, Beverly Hills CA, 90212. The official website for the company is www.luminartech.com. The company can be reached via phone at 407-900-5259 or via email at jchou@gores.com.

This page (NASDAQ:LAZR) was last updated on 11/28/2022 by MarketBeat.com Staff