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NASDAQ:LAZR

Luminar Technologies (LAZR) Stock Price, News & Analysis

$1.40
-0.05 (-3.13%)
(As of 10:16 AM ET)
Today's Range
$1.37
$1.48
50-Day Range
$1.44
$3.00
52-Week Range
$1.24
$8.32
Volume
2.42 million shs
Average Volume
7.79 million shs
Market Capitalization
$588.54 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.09

Luminar Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
408.1% Upside
$7.09 Price Target
Short Interest
Bearish
19.46% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of Luminar Technologies in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.01) to ($0.68) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.21 out of 5 stars

Auto/Tires/Trucks Sector

154th out of 249 stocks

Motor Vehicle Parts & Accessories Industry

67th out of 96 stocks

LAZR stock logo

About Luminar Technologies Stock (NASDAQ:LAZR)

Luminar Technologies Inc is a technology company in the self-driving car sector that produces lidar and machine perception technologies founded in 2012 by Austin Russell, the company's current CEO, in Orlando, Florida. The company develops and manufactures advanced lidar sensors and associated software for autonomous vehicles. Its sensors use laser technology to create high-resolution, three-dimensional maps of the environment around the vehicle, enabling autonomous vehicles to see and navigate their surroundings.


Luminar's headquarters are in Orlando, Florida, and the company has additional offices in California, Michigan, Germany and Isreal. Luminar is considered a leader in the autonomous vehicle technology industry and has partnerships with many prominent automakers, including Volvo, Toyota and Daimler.


Austin Russell, Luminar's founder, is the company's CEO and is widely recognized as a visionary leader in the autonomous vehicle industry. He is the company's largest shareholder, with approximately 28% of the outstanding shares. Other executive team members include Jason Eichenholz, the company's Chief Technology Officer and Tom Fennimore, the Chief Financial Officer. The company has experienced some turnover in its management team, but the current team has a strong track record of success.


Luminar's financial performance has room for improvement showing net loss over the past few years. The company's net revenue is increasing year over year. However, their customer acquisition costs are significantly higher than their current revenue. Luminar has raised significant capital through several funding rounds, including a SPAC merger with Gores Metropoulos in December 2020, which generated $590 million in cash for the company.

Luminar's debt levels are high, and in 2022 the company reported more debt than income. Luminar trades at a higher price-to-sales ratio than its industry peers, reflecting investor optimism about its growth prospects. Luminar's stock price has been volatile since its initial public offering, trading from its all-time high of $38 to an all-time low of $4. The company's trading volume has also been volatile, with spikes in volume often coinciding with significant price movements.

The autonomous vehicle technology industry is still in its early stages but is expected to grow significantly in the coming years. The global autonomous vehicle market is expected to grow at a compound annual growth rate of 63.1% from 2021 to 2028, reaching a value of $556.67 billion by the end of the forecast period.

Luminar faces competition from other lidar sensor manufacturers, including Velodyne Lidar, Quanergy Systems and Innoviz Technologies. However, Luminar's technology is widely considered among the industry's most advanced and reliable. The company has also established strong partnerships with major automakers, giving it a competitive advantage in the market.

Luminar has several growth opportunities as the autonomous vehicle industry continues to evolve. One key area of focus for the company is expanding its partnerships with automakers to provide lidar sensors for production vehicles. Luminar has already announced partnerships with Volvo and Toyota, and the company is actively pursuing additional partnerships with other automakers.

In addition to expanding its partnerships, Luminar is also focused on improving its lidar technology. The company is investing heavily in research and development to increase the performance and reliability of its sensors. Luminar has already made significant progress in reducing the size and cost of its sensors, and the company is working on developing even more advanced versions of its technology.

Luminar is also exploring opportunities to expand its business beyond the automotive industry. The company is working on developing lidar sensors for other applications, such as industrial automation and security systems. These new markets could provide significant growth opportunities for the company in the coming years.

While Luminar has significant growth opportunities, the company also faces several risks and challenges. One critical risk is the highly competitive nature of the autonomous vehicle technology industry. Luminar's competitors are also working on developing advanced lidar sensors, and the company may face increased competition in the future.

Another risk for Luminar is the regulatory environment for autonomous vehicles. The industry is highly regulated, and regulation changes could impact the development and adoption of autonomous vehicles. Luminar may need to adapt its technology to meet changing regulations, which could be costly and time-consuming.

Consumer demand for autonomous vehicles may materialize slower than expected. While many experts believe that autonomous vehicles will eventually become commonplace, how quickly consumers will adopt this new technology is still being determined. If demand for autonomous vehicles is slower than expected, it could impact Luminar's growth prospects.

LAZR Stock Price History

LAZR Stock News Headlines

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Luminar Technologies Slides After Downgrade
LAZR Mar 2024 2.000 call
LAZR Mar 2024 1.500 put
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See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/11/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:LAZR
Fax
N/A
Employees
800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.09
High Stock Price Target
$17.00
Low Stock Price Target
$1.20
Potential Upside/Downside
+392.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$-571,270,000.00
Net Margins
-818.68%
Pretax Margin
-816.25%

Debt

Sales & Book Value

Annual Sales
$69.78 million
Book Value
($0.54) per share

Miscellaneous

Free Float
298,443,000
Market Cap
$607.52 million
Optionable
Optionable
Beta
1.48
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Key Executives


LAZR Stock Analysis - Frequently Asked Questions

Should I buy or sell Luminar Technologies stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Luminar Technologies in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LAZR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZR, but not buy additional shares or sell existing shares.
View LAZR analyst ratings
or view top-rated stocks.

What is Luminar Technologies' stock price target for 2024?

8 equities research analysts have issued 12-month target prices for Luminar Technologies' shares. Their LAZR share price targets range from $1.20 to $17.00. On average, they expect the company's share price to reach $7.09 in the next twelve months. This suggests a possible upside of 408.1% 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 2024?

Luminar Technologies' stock was trading at $3.37 at the beginning of 2024. Since then, LAZR stock has decreased by 58.6% and is now trading at $1.3950.
View the best growth stocks for 2024 here
.

When is Luminar Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our LAZR earnings forecast
.

How were Luminar Technologies' earnings last quarter?

Luminar Technologies, Inc. (NASDAQ:LAZR) announced its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.02. The firm had revenue of $22.11 million for the quarter, compared to analysts' expectations of $27.25 million.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LAZR) was last updated on 4/12/2024 by MarketBeat.com Staff

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