Luminar Technologies Inc. [LAZR] Revenue clocked in at $37.10 million, down -58.60% YTD: What’s Next?

Luminar Technologies Inc. [NASDAQ: LAZR] stock went on a downward path that fall over -4.50% on Monday, amounting to a one-week price decrease of less than -7.53%. The company report on October 6, 2022 that Luminar to Provide Quarterly Business Update on November 2, 2022.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update and report financials for the third quarter of 2022 following the close of the market on Wednesday, Nov. 2, 2022.

Founder and CEO Austin Russell and CFO Tom Fennimore will host a video webcast that day at 2:00 p.m. PDT (5:00 p.m. EDT) to discuss business and financial results followed by a live Q&A session.

Over the last 12 months, LAZR stock dropped by -53.27%. The one-year Luminar Technologies Inc. stock forecast points to a potential upside of 53.89. The average equity rating for LAZR stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.83 billion, with 352.06 million shares outstanding and 224.99 million shares in the current float. Compared to the average trading volume of 6.36M shares, LAZR stock reached a trading volume of 5497924 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $15.18 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.

Berenberg have made an estimate for Luminar Technologies Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 28, 2022. While these analysts kept the previous recommendation, Northland Capital dropped their target price from $13 to $10. The new note on the price target was released on September 22, 2022, representing the official price target for Luminar Technologies Inc. stock. Previously, the target price had yet another raise to $30, while JP Morgan analysts kept a Overweight rating on LAZR stock.

The Average True Range (ATR) for Luminar Technologies Inc. is set at 0.69, with the Price to Sales ratio for LAZR stock in the period of the last 12 months amounting to 76.18. The Price to Book ratio for the last quarter was 28.00, with the Price to Cash per share for the same quarter was set at 1.50.

LAZR Stock Performance Analysis:

Luminar Technologies Inc. [LAZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.53. With this latest performance, LAZR shares dropped by -26.32% in over the last four-week period, additionally sinking by -48.79% over the last 6 months – not to mention a drop of -53.27% 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 39.35, with the RSI for the last a single of trading hit 35.56, and the three-weeks RSI is set at 42.00 for Luminar Technologies Inc. [LAZR]. The present Moving Average for the last 50 days of trading for this stock 8.60, while it was recorded at 7.88 for the last single week of trading, and 11.13 for the last 200 days.

Insight into Luminar Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Luminar Technologies Inc. [LAZR] shares currently have an operating margin of -704.52 and a Gross Margin at -44.29. Luminar Technologies Inc.’s Net Margin is presently recorded at -745.01.

Return on Equity for this stock declined to -137.28, with Return on Assets sitting at -34.15.

Luminar Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.40 and a Current Ratio set at 11.60.

Luminar Technologies Inc. [LAZR] Insider Position Details

There are presently around $901 million, or 56.00% of LAZR stock, in the hands of institutional investors. The top three institutional holders of LAZR stocks are: VANGUARD GROUP INC with ownership of 18,809,097, which is approximately -2.13% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 16,360,867 shares of the stock with an approximate value of $114.53 million in LAZR stocks shares; and G2VP I ASSOCIATES, LLC, currently with $74.19 million in LAZR stock with ownership of nearly 0% 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 131 institutional holders increased their position in Luminar Technologies Inc. [NASDAQ:LAZR] by around 33,822,682 shares. Additionally, 92 investors decreased positions by around 10,809,814 shares, while 60 investors held positions by with 84,083,295 shares. The mentioned changes placed institutional holdings at 128,715,791 shares, according to the latest SEC report filing. LAZR stock had 56 new institutional investments in for a total of 7,474,710 shares, while 43 institutional investors sold positions of 3,506,707 shares during the same period.


Please enter your comment!
Please enter your name here