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$5.42Annual ROE
254.18%Beta
2.83Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Nov 11, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
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N/ANext split:
N/ARecent split:
Nov 21, 2024Analyst ratings
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In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $5.34, marking a +1.71% move from the previous day.
Luminar Technologies, Inc. (LAZR) reachead $5.25 at the closing of the latest trading day, reflecting a -1.78% change compared to its last close.
Luminar Technologies (LAZR 3.88%), a producer of automotive lidars, has burned a lot of investors since its public debut on Dec. 2, 2020. Its stock opened at $354.75, set a record high of $627 five days later, but now trades at about $6.
Imagine a future where self-driving cars solve day-to-day issues like long commutes, traffic jams, and roadway dangers. Before that future can become a reality, companies need to build systems that will allow self-driving vehicles to fully operate.
I reiterate a buy rating for Luminar Technologies due to its strong innovation and strategic partnerships, despite recent share price weakness. The upcoming Halo LiDAR launch in 2026 is a potential game-changer, offering significant performance and cost improvements for high-level autonomous driving. LAZR's partnerships with Volvo and a major Japanese OEM highlight its product reliability and credibility, creating a flywheel effect for future adoption.
Luminar Technologies has strong growth potential with partnerships like Volvo and Nvidia, but faces financial challenges and high speculative valuation. Despite impressive revenue growth projections, Luminar is not profitable and has significant operating losses and negative gross margins. The company's financial health is concerning, with high debt and the need for additional funding to achieve profitability.
Luminar Technologies (LAZR 15.86%) is disappointed that the market for driverless technology is not as robust as expected.
Luminar Technologies (LAZR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Is Nvidia about to start a significant rise in Luminar's stock price?
Is Nvidia about to kick off an explosive rally for Luminar stock?
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