Luminar Technologies, Inc. (LAZR)

NASDAQ: LAZR · IEX Real-Time Price · USD
1.970
+0.190 (10.67%)
At close: Mar 28, 2024, 4:00 PM
1.980
+0.010 (0.51%)
After-hours: Mar 28, 2024, 7:59 PM EDT
10.67%
Market Cap 818.42M
Revenue (ttm) 69.78M
Net Income (ttm) -571.27M
Shares Out 401.96M
EPS (ttm) -1.47
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 10,418,444
Open 1.820
Previous Close 1.780
Day's Range 1.790 - 1.980
52-Week Range 1.630 - 8.320
Beta 1.51
Analysts Buy
Price Target 7.00 (+255.33%)
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 7 analysts, the average rating for LAZR stock is "Buy." The 12-month stock price forecast is $7.0, which is an increase of 255.33% from the latest price.

Price Target
$7.0
(255.33% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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
1 day 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...

7 days 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...

9 days 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
4 weeks 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...

4 weeks 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...

6 weeks 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...

2 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
2 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...

2 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...

2 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...

2 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 ...

4 months ago - Invezz

Lidar Stocks Are Tumbling. Blame China Concerns.

Luminar, Innoviz, and Ouster shares all swooned during Tuesday's trading session. It may have been caused by a letter from a House committee.

Other symbols: INVZOUST
4 months ago - Barrons

Luminar CEO's deal to buy Forbes called off - The Information

Forbes' parent company has called off its acquisition by Luminar Technologies CEO Austin Russell, as the billionaire could not come up with the financing, the Information reported on Tuesday, citing a...

4 months ago - Reuters

Polestar ($PSNY), Luminar ($LAZR), and MobilEye ($MBLY) to Integrate Autonomous Driving Capabilities

Luminar Technologies (NASDAQ: LAZR), a leading automotive technology company, has announced a collaboration with electric vehicle manufacturer Polestar Automotive (NASDAQ: PSNY) and autonomous technol...

Other symbols: MBLYPSNY
4 months ago - Green Stock News

Polestar 4 To Integrate Luminar LiDAR with Mobileye Chauffeur

GOTHENBURG, Sweden--(BUSINESS WIRE)---- $LAZR--Polestar is working with Luminar, a leading automotive technology company, and Mobileye, a global leader in autonomous driving solutions, to enhance safe...

5 months ago - Business Wire

Luminar Reports Third Quarter 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 third quarter of 2023...

5 months ago - Business Wire

Luminar unveils exciting Volvo partnership

Luminar CEO Austin Russell provides insight on his partnership with Volvo on 'The Claman Countdown.'

Other symbols: VLVLY
6 months ago - Fox Business

Luminar To Pilot New Update Formats; Next Quarterly Review on Nov 8th

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update and financials for the third quart...

6 months ago - Business Wire

Luminar Achieves Critical Production Milestone for Volvo Cars Program

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Luminar Technologies (Nasdaq: LAZR), a leading global automotive company, today announced a significant achievement towards enabling the world's safest and sm...

6 months ago - Business Wire

LUMINAR ALERT: Bragar Eagel & Squire, P.C. is Investigating Luminar Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Luminar Technologies, Inc. (NASDAQ: LAZR) on...

6 months ago - Business Wire

Major lidar market share is up for grabs. A few startups are emerging as likely winners

After years of talk — and a SPAC boom in the sensor sector — automakers have finally started incorporating lidar units into their vehicles.

Other symbols: INVZOUST
7 months ago - CNBC

Luminar CEO talks: Revenue growth, new automaker partnerships, AI capabilities

Luminar (LAZR) shares are sliding this morning after reporting a mixed earnings report, coming in short with revenue of $16.2 million — missing estimates by $20,000 — but narrowly beating on earnings ...

8 months ago - Yahoo Finance

Luminar's Sales Growth Is Set To Accelerate. The Self-Driving Car Stock Is Up.

Lidar maker Luminar Technologies reported second-quarter results in line with Wall Street expectations and maintained full-year financial guidance.

8 months ago - Barrons

Luminar Reports Strong Second Quarter 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 second quarter of 202...

8 months ago - Business Wire