Further, Luminar Technologies (LAZR) has a beta value of 0, and an average true range (ATR) of 3.86. Luminar Technologies is used by seven of the top 1o global automakers for auto self-driving technology. Get the latest Luminar Technologies Inc (LAZR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. For example, Luminar Technologies has a market capitalization of almost $9 billion. It is simply too expensive. The company had been trading higher earlier in the day, but as of 3 p.m. EST, Luminar shares were down by about 14% from Monday's closing price. Stock Advisor launched in February of 2002. And like many others investors saw this year, the company chose to offer Luminar Technologies stock through a SPAC IPO. Signal Stock Confusion? Image source: Luminar Technologies. Luminar Technologies will likely be a winner, but the share price is too high. Even for 2021, when revenues are forecast at $25.75 million, the stock is at 348 times revenue. Detailed cash flow statements for Luminar Technologies stock (LAZR), including operating cash flow, capex and free cash flow. Founder Russell, a Mark Hake runs the Total Yield Value Guide which you can review here. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. Goldman Sachs Tech & Internet Conference. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. Find the latest Luminar Technologies, Inc. (LAZR) stock discussions in Yahoo Finance's forum. But Velodyne Lidar will make $101 million in revenue this year. The company also provides a software that integrates … Luminar Technologies, Inc. (LAZR) Stock Price: $29.88 USD-1.46 (-4.66%) Updated January 5, 1:57 PM EST - Market open. Legal Name Luminar Technologies, Inc. Stock Symbol NASDAQ:LAZR ; Company Type For Profit; Contact Email hello@luminartech.com; Founded in 2012 by CEO Austin Russell, Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. Luminar Technologies Inc. LAZR, -5.92% shares rallied nearly 40% Friday, doubling in its two days as a public company following a merger with a blank-check company. Investors in LAZR stock should take this into consideration. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Lidar sensors use lasers to make 3-D representations of objects. As a result, Luminar Technologies stock started trading. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Luminar Technologies, Inc. Class A Common Stock (LAZR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. After going live Thursday morning, shares rose more than 30%. The takeaway here is that if -- if -- the Mobileye deal falls through, Luminar still has a couple of other significant deals in place, and is currently negotiating to win more. I suspect the latter, especially since both companies are growing their revenues quickly. Why Luminar Technologies' Stock Spiked Today Some photos of a Tesla set off a rally. Luminar Technologies, Inc. develops and manufactures LiDAR based sensors for vehicles. Get the latest LAZR: Luminar Technologies, Inc. detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.. Get the hottest stocks to trade every day before the market opens 100% free. Research its history to confirm it's a solid investment against your financial goals. Lidar, which stands for “light detection and radar,” uses a laser to detect distance by measuring the laser light reflected off of objects. In November, Mobileye said that it had selected Luminar to supply its lidar units starting in 2022; that deal has contributed to high investor interest in the shares of Luminar, which went public following a merger with a special-purpose acquisition company earlier this month. John Rosevear (TMFMarlowe) Dec 15, 2020 at 3:03PM Author Bio. Its stock is now available on the Nasdaq until the ticker symbol … However, LAZR stock is simply valued too high right now for most investors. 31.20 0.53 (1.73%) Upgrade to Real-Time Premarket . Luminar Stock. Luminar Technologies, Inc. (NASDAQ:LAZR)’s traded shares stood at 4,775,010 during the last session, with the company’s beta value hitting 0. Get today's Luminar Technologies stock price and latest LAZR news as well as Luminar Tech real-time stock quotes, technical analysis, full financials and more. SPAC Brings Luminar Technologies Stock. Luminar Technologies (NASDAQ:LAZR) went public today following a deal with special purpose acquisition company (SPAC) Gores Metropoulos. Jan 12, 2021 at 5:10 PM EST Event Details. Tesla’s EVs rely on cameras and other detection technology such as radar, GPS, maps and ultrasonic technology. Click here now. That compares with forecast sales of just $25.75 million in 2021. Luminar will also get $170 million from institutional investors such as Peter Thiel, Alec Gores, Volvo Cars Tech Fund and VectoIQ, which merged with Nikola in June. On average, they anticipate Luminar Technologies' stock price to reach $37.60 in the next twelve months. He said that lidar technology is a “crutch” and cameras will allow their cars to see through even adverse weather situations. Find real-time LAZR - Luminar Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. And the stock price increased by 26.67%. Monthly Subscription. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. Stocks; IPOs; News; Actions; Blog; Search Home » Stocks » LAZR » Statistics. Stock Performance. Is the Honeymoon Over For Luminar Technologies? However, the stock peaked at over $41.80 on Dec. 8, just after the merger closed. For example, since its Dec. 2 merger closing, LAZR stock has increased more than 53% from $18 to $27.62 as of Dec. 18. About Luminar Stock. Luminar CEO and co-founder Austin Russell is poised to become a billionaire at 25 when his autonomous driving technology company Luminar goes public on Thursday. This followed nearly two years of working together at the development stage. Mobileye is planning to launch Level 4 driverless taxi fleets in several cities around the world, including Tel Aviv, Dubai, Paris, and Daegu, South Korea. The Florida-based firm — which he founded when he was just 17 — … Monthly Subscription. Reminds Stockholders to Vote in Favor of the Business Combination With Luminar Technologies, Inc. Nov 24, 2020 Luminar Accelerates Commercial Momentum With … Best deals to access real time data! Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. Minimum 15 minutes delayed. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. This implies that Luminar must fall at least 50% to 75% before LAZR stock will begin to have a reasonable valuation. Compare that to Luminar’s $15.2 revenue forecast. Nasdaq Shares of newly public lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) fell sharply on Tuesday afternoon after Reuters reported that one of its key clients may choose to build its own lidar units instead of buying Luminar's. The consensus among Wall Street equities research analysts is that investors should "buy" Luminar Technologies stock. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. This number would too high even for a price-to-earnings (P/E) ratio. Can I buy Luminar Technologies stocks from Canada? Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Luminar Technologies, Inc. (NASDAQ:LAZR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 4.65. Luminar Technologies CEO Austin Russell, 25, secured a hefty fortune after his company’s stock market debut this week. Therefore, either VLDR stock is way too cheap or LAZR stock is overvalued. Moreover, recently Mobileye, an Intel (NASDAQ:INTC) company that specializes in assisted driving technology, clarified details of a deal they announced on Nov. 20, 2020. Just weeks after Luminar Technologies (NASDAQ:LAZR) closed its merger with a SPAC (special purpose acquisition company) called Gores Metropoulos,  there is every reason to believe the shares will do well. Why Luminar Technologies Stock is Down Sharply Today Did the lidar-sensor maker just lose an important client? J.P. Morgan Tech/Auto Forum at CES 2021. It offers Iris, a sensor system that increases the visibility of vehicle drivers, as well as allows reacting safely at highway speeds. Get today's Luminar Technologies stock price and latest LAZR news as well as Luminar Tech real-time stock quotes, technical analysis, full financials and more. Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. News and Events. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Considering analysts have assigned the stock a price target range of $30-$41 as the low and high respectively, we find the trailing 12-month average consensus price target to be $36. About Luminar Stock. Jan 12, 2021 Event Details. Luminar Technologies Stock Price . Moreover, in 2021, Velodyne will make $151 million in 2021. 3 Key Things for Investors to Watch Ahead of Nio Day >>>, Weeks After Luminar Technologies SPAC, Its LAZR Stock Is Valued Too High, top 1o global automakers for auto self-driving technology, clarified details of a deal they announced on Nov. 20, 2020, 588 times its forecast revenue of $15.2 million in 2020, a “crutch” and cameras will allow their cars to see through even adverse weather situations, 7 Top Tech Dividend Stocks Worth Taking a Chance On, Louis Navellier and the InvestorPlace Research Staff, 3 Megatrends (and 9 Stocks) to Buy for the ‘Blue Wave’. The best thing would be to wait until there is at least some form of bargain element at a lower price. LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. for only. That’s revenue, not earnings. Moreover, if we compare this with a similar company, Velodyne Lidar (NASDAQ:VLDR), the LAZR stock valuation seems absurd. John Rosevear is the senior auto specialist for Fool.com. Menu. Buy immediately with a market order or use a limit order to delay your purchase until Luminar Technologies reaches your desired price. So at this level for price-to-sales, the valuation is simply out-of-control. LAZR stock is overvalued but is a leading company in an emerging market By Chris Markoch Dec … View recent trades and share price information for Luminar Technologies Inc USD0.0001 A Skip to content. Mobileye and NIO signed a strategic partnership agreement in November 2019. 2021 InvestorPlace Media, LLC. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. Free trial. Find the stock by name or ticker symbol: LAZR. Search for Luminar Technologies. Price. Recent Event . SPAC IPOs are the new trend for 2020. Free trial. Nevertheless, LAZR stock trades for 588 times its forecast revenue of $15.2 million in 2020. Level 1 Starter. Detailed statistics for Luminar Technologies (LAZR) stock, including valuation metrics, financial numbers, share information and more. Recent Event. VLDR stock has a market cap of just $3.39 billion, which is less than half of LAZR stock. Shares of leading lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) were up almost 89% in December. Copyright © Change. You face a choice of either average cost buying it at a lower price or selling it now. 5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. That is almost six times as high as Luminar’s forecast of $25.75 million. That could happen if other companies follow Tesla’s lead in avoiding lidar technology. Its stock is now available on the NASDAQ until the ticker symbol LAZR. The reason is you can always buy more shares at a lower price if you think it is a worthwhile investment. On December 3, Luminar Technologies, a company that manufactures automotive LiDAR technology, went public through a merger with special purpose acquisition company (SPAC) Gores Metropoulos. 5 brokerages have issued 1 year price targets for Luminar Technologies' stock. Purchase now or later. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. Driving Autonomy, a CES Week Series hosted by Luminar. Company that came out of stealth after five years in development Russell, 25, a!, capex and free cash flow, maps and ultrasonic technology completion of their previously business... To 75 % before LAZR stock will begin to have a reasonable valuation shares rose more than 30.! 89 % in Debut, Makes 25-Year-Old Austin Russell, 25, secured a hefty fortune his! 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