They should proceed with caution before buying shares in this start-up. Getting a contract from a big manufacturer like Volvo is great progress, but investors should remember that Luminar Technologies is an extremely risky stock at the moment. Luminar hasnt set a date for its fourth-quarter and full-year 2021 earnings report, but past practice suggests that itll happen in mid-February. The last Form 4 for a Luminar insider is attributed to Director Mary Lou Jepsen. With a market capitalization of $8 billion after today's jump, the stock has a price-to-sales ratio ( P/S) in the triple digits, which implies a lot of future growth is already priced in. Between January and April 2022, he purchased shares at average prices between 15.67 and 12.86. While getting these big contracts is important for Luminar's future, investors should remember that this company is still in the very early stages and only had $15 million in revenue over the last twelve months. In other words, the technology might not be hitting city streets for a few years. An unveiling doesn't mean production will happen right away since manufacturing cars is a lengthy process. This next-generation SUV is supposed to be unveiled sometime in 2022. The 12-month stock price forecast is 12.89, which is an increase of 72.79 from the. How to buy Luminar Technologies stock online You. According to 18 analysts, the average rating for LAZR stock is Buy. During the last market session, Luminar Technologies Inc’s stock traded between 6.76 and 7.67. Luminar Technologies Inc is up 11.93 from its previous closing price of 7.46. The technology is popular for autonomous-vehicle research, which is why Volvo is partnering with Luminar on this deal.Īccording to Luminar's press release, its hardware systems will be on Volvo's fully electric successor to the XC90 SUV. What is the Luminar Technologies stock quote today The Luminar Technologies stock price is 6.76 USD today. Luminar Technologies Inc’s Stock Price as of Market Close As of February 24, 2023, 4:00 PM CST, Luminar Technologies Inc’s stock price was 8.35. Luminar Technologies, Inc.(NASDAQ:LAZR): Today Ill analyze and compare Luminar Technologies (LAZR) and Velodyne Lidar (VLDR) to determine which lidar stock. is an autonomous vehicle sensor and Lidar technology company, which designs, builds, and sells long-range lidar products that. Lidar, which stands for Light Detection and Ranging , uses lasers and pulsing light that enables computers to sense the world around them and create intricate 3D maps. Luminar Technologies is an early-stage company, so securing contracts with large automakers like Volvo is a big deal for the potential viability of its products.
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