Luminar Technologies, Inc. (LAZR)
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]
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 StatementsAnalyst 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.
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.
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...
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.
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...
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.
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...
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...
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.
Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars
SUNNYVALE, Calif.--(BUSINESS WIRE)---- $LAZR--Luminar Day 2024 Release.
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.
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...
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...
Luminar Technologies Slides After Downgrade
BofA predicts the company will need to raise $1 billion in incremental capital through 2025.
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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 ...