Wall Street Analyst Upgrade Luminar Technologies Inc. [LAZR]. What else is Wall St. saying

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Luminar Technologies Inc. [NASDAQ: LAZR] closed the trading session at $18.00 on 11/23/21. The day’s price range saw the stock hit a low of $17.61, while the highest price level was $18.75. The company report on November 11, 2021 that Luminar Provides Q3 2021 Business Update and Financials.

Spotlighting New Commercial Wins and Strategic Partners; Securing Supply Chain; Accelerating Software Development.


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Luminar Technologies, Inc. (NASDAQ: LAZR), the global leader in automotive lidar hardware and software technology, announced its quarterly business update and financial results for the third quarter of 2021, ended September 30, 2021. Building on Luminar’s commercial momentum, this week the company announced that NVIDIA has selected Luminar1 for its autonomous vehicle platform known as NVIDIA DRIVE Hyperion, which is available now for 2024 vehicle models.

The stocks have a year to date performance of -47.06 percent and weekly performance of -13.54 percent. The stock has been moved at -14.45 percent over the last six months. The stock has performed 11.25 percent around the most recent 30 days and changed 5.45 percent over the most recent 3-months.

If compared to the average trading volume of 4.44M shares, LAZR reached to a volume of 4798337 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Luminar Technologies Inc. [LAZR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LAZR shares is $28.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LAZR stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Luminar Technologies Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 25, 2021. While these analysts kept the previous recommendation, Berenberg raised their target price to Hold. The new note on the price target was released on May 25, 2021, representing the official price target for Luminar Technologies Inc. stock. Previously, the target price had yet another raise to $23, while BofA Securities analysts kept a Neutral rating on LAZR stock.

The Average True Range (ATR) for Luminar Technologies Inc. is set at 1.43, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 299.05. The Price to Book ratio for the last quarter was 11.76, with the Price to Cash per share for the same quarter was set at 1.49.

LAZR stock trade performance evaluation

Luminar Technologies Inc. [LAZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.54. With this latest performance, LAZR shares gained by 11.25% in over the last four-week period, additionally sinking by -14.45% over the last 6 months – not to mention a rise of 39.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LAZR stock in for the last two-week period is set at 48.97, with the RSI for the last a single of trading hit 44.33, and the three-weeks RSI is set at 50.67 for Luminar Technologies Inc. [LAZR]. The present Moving Average for the last 50 days of trading for this stock 16.96, while it was recorded at 19.04 for the last single week of trading, and 20.76 for the last 200 days.

Luminar Technologies Inc. [LAZR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Luminar Technologies Inc. [LAZR] shares currently have an operating margin of -680.06 and a Gross Margin at -78.85. Luminar Technologies Inc.’s Net Margin is presently recorded at -2596.93.

Return on Total Capital for LAZR is now -34.98, given the latest momentum, and Return on Invested Capital for the company is -133.66. Return on Equity for this stock declined to -133.86, with Return on Assets sitting at -78.91. When it comes to the capital structure of this company, Luminar Technologies Inc. [LAZR] has a Total Debt to Total Equity ratio set at 0.79. Additionally, LAZR Total Debt to Total Capital is recorded at 0.78, with Total Debt to Total Assets ending up at 0.23. Long-Term Debt to Equity for the company is recorded at 0.53, with the Long-Term Debt to Total Capital now at 0.53.

Reflecting on the efficiency of the workforce at the company, Luminar Technologies Inc. [LAZR] managed to generate an average of -$973,919 per employee. Receivables Turnover for the company is 3.39 with a Total Asset Turnover recorded at a value of 0.03.Luminar Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 17.20 and a Current Ratio set at 17.40.

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Luminar Technologies Inc. [LAZR]: Insider Ownership positions

There are presently around $1,337 million, or 34.50% of LAZR stock, in the hands of institutional investors. The top three institutional holders of LAZR stocks are: VANGUARD GROUP INC with ownership of 18,054,606, which is approximately 2.041% of the company’s market cap and around 1.20% of the total institutional ownership; CANVAS GP 1, L.L.C., holding 6,907,353 shares of the stock with an approximate value of $124.33 million in LAZR stocks shares; and MACQUARIE GROUP LTD, currently with $99.84 million in LAZR stock with ownership of nearly 84.634% of the company’s market capitalization.

Positions in Luminar Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 121 institutional holders increased their position in Luminar Technologies Inc. [NASDAQ:LAZR] by around 24,613,445 shares. Additionally, 76 investors decreased positions by around 7,963,636 shares, while 37 investors held positions by with 41,708,716 shares. The mentioned changes placed institutional holdings at 74,285,797 shares, according to the latest SEC report filing. LAZR stock had 46 new institutional investments in for a total of 13,574,052 shares, while 37 institutional investors sold positions of 5,699,008 shares during the same period.

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