Luminar Technologies, Inc. (LAZR)

NASDAQ: LAZR · IEX Real-Time Price · USD
1.720
-0.010 (-0.58%)
At close: May 17, 2024, 4:00 PM
1.740
+0.020 (1.16%)
After-hours: May 17, 2024, 7:59 PM EDT
-0.58%
Market Cap 770.93M
Revenue (ttm) 76.24M
Net Income (ttm) -550.21M
Shares Out 445.62M
EPS (ttm) -1.37
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 7,045,491
Open 1.700
Previous Close 1.730
Day's Range 1.680 - 1.765
52-Week Range 1.210 - 8.320
Beta 1.54
Analysts Hold
Price Target 4.45 (+158.72%)
Earnings Date May 7, 2024

About LAZR

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 Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, com... [Read more]

Industry Auto Parts
Founded 2012
Employees 800
Stock Exchange NASDAQ
Ticker Symbol LAZR
Full Company Profile

Financial Performance

In 2023, LAZR's revenue was $69.78 million, an increase of 71.46% compared to the previous year's $40.70 million. Losses were -$571.27 million, 28.1% more than in 2022.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for LAZR stock is "Hold." The 12-month stock price forecast is $4.45, which is an increase of 158.72% from the latest price.

Price Target
$4.45
(158.72% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Luminar stock price forecast as LAZR forms a bullish pattern

Luminar (NASDAQ: LAZR) stock price has imploded. After soaring to a record high of $47.78 in 2021, it has become a penny stock trading at $1.65.

9 days ago - Invezz

Luminar says Tesla is biggest customer for its lidar sensors

Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its tot...

Other symbols: TSLA
10 days ago - Reuters

Tesla is Luminar's largest lidar customer

Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker's top customer.

Other symbols: TSLA
10 days ago - TechCrunch

Luminar Reports First Quarter 2024 Business Update and Financials

ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the first quarter of 202...

10 days ago - Business Wire

Luminar to cut nearly 20% jobs as part of restructuring

Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year.

14 days ago - Reuters

Luminar cuts 20% of staff and outsources lidar production

Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” busines...

14 days ago - TechCrunch

Luminar's stock falls as lidar maker plans to lay off 20% of workforce as part of restructuring plan

Shares of Luminar Technologies Inc. dropped more than 9% in extended trading Friday after the maker of lidar and other sensors for self-driving vehicles said it was cutting its workforce by 20% as par...

14 days ago - Market Watch

Luminar unveils new compact lidar sensor Halo, tie-up with Applied Intuition

Luminar Technologies launched its latest lidar sensor on Tuesday and said it has partnered with auto software maker Applied Intuition to aid automakers in testing their assisted-driving systems.

24 days ago - Reuters

Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars

SUNNYVALE, Calif.--(BUSINESS WIRE)---- $LAZR--Luminar Day 2024 Release.

24 days ago - Business Wire

Applied Intuition and Luminar Partner to Accelerate ADAS and AD Development for Automakers

MOUNTAIN VIEW, Calif. & ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Applied Intuition and Luminar.

24 days ago - Business Wire

Luminar to Report Q1'24 Financial Results on May 7, 2024

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will report financials for the first quarter of 2024 following the close of t...

4 weeks ago - Business Wire

Luminar Attracts Former Executives From Lyft, Apple and Meta, Microsoft

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced two new key executive hires to help guide the company through its next...

5 weeks ago - Business Wire

Luminar Technologies Slides After Downgrade

BofA predicts the company will need to raise $1 billion in incremental capital through 2025.

5 weeks ago - Barrons

Shorts thrive as Luminar, Sunnova, and Cutera stock prices dive

Short sellers in Lumimar Technologies (LAZR), Sunnova Energy (NOVA), and Cutera (CUTR) are thriving as their stocks have plunged. Luminar's shares have plunged by almost 50% this year and by more than...

Other symbols: CUTRNOVA
7 weeks ago - Invezz

Luminar Technologies, Inc. (LAZR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK--(BUSINESS WIRE)---- $LAZR #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Luminar Technologies, Inc. (“Lum...

2 months ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luminar Technologies, Inc. - LAZR

NEW YORK , March 19, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Luminar Technologies, Inc. ("Luminar" or the "Company") (NASDAQ: LAZR). Such investors are adv...

2 months ago - PRNewsWire

Self-driving sensor maker Luminar falls as production delay at Volvo hits earnings

Luminar Technologies shares tumbled about 10% on Wednesday after the self-driving sensor maker's fourth-quarter results missed estimates on delayed production schedule for Volvo Cars' new EX90 electri...

Other symbols: VLVLY
2 months ago - Reuters

Luminar Reports Fourth Quarter & Full Year 2023 Business Update and Financials

ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the fourth quarter and f...

2 months ago - Business Wire

Announcing Luminar Day: A New Era on April 23, 2024

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today it will host a Luminar Day event on April 23, 2024 for its broader com...

3 months ago - Business Wire

Luminar To Provide Quarterly Business Update on February 27, 2024

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update, including full-year 2023 mileston...

3 months ago - Business Wire

Cognyte Announces New Release of LUMINAR Cyber Threat Intelligence Offering with GenAI Capabilities to Bring Added Value to Customers

HERZLIYA, Israel--(BUSINESS WIRE)--Cognyte announced a significant update to its LUMINAR external threat intelligence solution that incorporates Generative AI capabilities.

Other symbols: CGNT
4 months ago - Business Wire

ADDING MULTIMEDIA Luminar and Mercedes-Benz Expands Partnership; Luminar Debuts New Emergency Steering AI Software with Iris+ and NVIDIA DRIVE Orin

LAS VEGAS--(BUSINESS WIRE)---- $LAZR--Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced an expansion of their Mercedes-Benz partnership, the debut of LiDAR-enable...

4 months ago - Business Wire

Luminar and Mercedes-Benz Expands Partnership; Luminar Debuts New Emergency Steering AI Software with Iris+ and NVIDIA DRIVE Orin

LAS VEGAS--(BUSINESS WIRE)---- $LAZR--Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced an expansion of their Mercedes-Benz partnership, the debut of LiDAR-enable...

4 months ago - Business Wire

Luminar and Mercedes-Benz Expand Partnership to Formula 1 with the Mercedes-AMG PETRONAS Team

LAS VEGAS--(BUSINESS WIRE)---- $LAZR--Leading global automotive technology company Luminar and the Mercedes-AMG PETRONAS F1 Team today announced a new strategic collaboration that will leverage Lumina...

4 months ago - Business Wire

LAZR stock price plunged: Do Luminar's risks outweigh rewards?

Luminar (BMV: LAZR) stock price has been in a freefall in 2023 as concerns about the company continued. The shares have plunged to a record low of $2.50, which was over 95% below the highest point on ...

6 months ago - Invezz