Luminar's stock price took a dive last Tuesday after a Reuters report suggested that key partner Mobileye might develop its own lidar units in-house, for use starting in 2025. Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. That is almost six times as high as Luminar’s forecast of $25.75 million. quotes delayed at least 15 minutes, all others at least 20 minutes. Share your opinion and gain insight from other stock traders and investors. While Mobileye and Intel will supply key components, the vehicles themselves will be manufactured by Chinese electric-vehicle maker NIO (NYSE:NIO). Detailed statistics for Luminar Technologies (LAZR) stock, including valuation metrics, financial numbers, share information and more. Recent Event . Their forecasts range from $30.00 to $41.00. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Luminar Technologies Inc - Class A share forecasts, stock quote and buy / sell signals below. Get the latest LAZR: Luminar Technologies, Inc. detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.. Luminar Stock. Luminar Technologies (NASDAQ:LAZR) went public today following a deal with special purpose acquisition company (SPAC) Gores Metropoulos. Gores Metropoulos will give $400 million cash from its IPO. LAZR stock acting very well, but 10 Bln Market Cap is too high! That compares with forecast sales of just $25.75 million in 2021. 3 Key Things for Investors to Watch Ahead of Nio Day >>>, Weeks After Luminar Technologies SPAC, Its LAZR Stock Is Valued Too High, top 1o global automakers for auto self-driving technology, clarified details of a deal they announced on Nov. 20, 2020, 588 times its forecast revenue of $15.2 million in 2020, a “crutch” and cameras will allow their cars to see through even adverse weather situations, 7 Top Tech Dividend Stocks Worth Taking a Chance On, Louis Navellier and the InvestorPlace Research Staff, 3 Megatrends (and 9 Stocks) to Buy for the ‘Blue Wave’. The latest Luminar Technologies Inc USD0.0001 A share price. Copyright © And like many others investors saw this year, the company chose to offer Luminar Technologies stock through a SPAC IPO. J.P. Morgan Tech/Auto Forum at CES 2021. Find real-time LAZR - Luminar Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. Luminar Technologies, Inc. (NASDAQ:LAZR)’s traded shares stood at 4,775,010 during the last session, with the company’s beta value hitting 0. View recent trades and share price information for Luminar Technologies Inc USD0.0001 A The 1-year high price for the company’s stock is recorded $47.80 on 12/08/20, with the lowest value was $9.45 for the same time period, recorded on 03/19/20. Monthly Subscription. Gores Metropoulos, Inc. Tesla is a major player. Therefore, either VLDR stock is way too cheap or LAZR stock is overvalued. Mobileye is planning to launch Level 4 driverless taxi fleets in several cities around the world, including Tel Aviv, Dubai, Paris, and Daegu, South Korea. Buy immediately with a market order or use a limit order to delay your purchase until Luminar Technologies reaches your desired price. Considering analysts have assigned the stock a price target range of $30-$41 as the low and high respectively, we find the trailing 12-month average consensus price target to be $36. Luminar Technologies Inc. shares rallied nearly 40% Friday, doubling in its two days as a public company following a merger with a blank-check company. The Investor Relations website contains information about Luminar Technologies, Inc's business for stockholders, potential investors, and financial analysts. Click here now. Considering analysts have assigned the stock a price target range of $30-$41 as the low and high respectively, we find the trailing 12-month average consensus price target to be $36. Data Provided by Refinitiv. It built its LiDAR systems from scratch. Change. Luminar Technologies, Inc. (NASDAQ:LAZR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 4.65. The reason is you can always buy more shares at a lower price if you think it is a worthwhile investment. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Until now, it looked to many auto investors like Luminar would ride along on that venture with highly regarded Mobileye and fast-growing NIO. It is simply too expensive. All rights reserved. Best deals to access real time data! Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. SPAC IPOs are the new trend for 2020. Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. Goldman Sachs Tech & Internet Conference. View LAZR: Luminar Technologies, Inc.investment & stock information. Since then, it has dropped more than a third as the glow on the merger has faded. They implied that the stock would fall to $20. On the date of publication, Mark R. Hake held a long position in Tesla stock. Follow LAZR. View analyst ratings for Luminar Technologies or view MarketBeat's top 5 stock picks. $67.09. There really is only one thing most investors can do with LAZR stock. LAZR Stock Price Increases 27.67% In Debut, Makes 25-Year-Old Austin Russell Youngest Billionaire. Can I buy Luminar Technologies stocks from Canada? Tesla’s EVs rely on cameras and other detection technology such as radar, GPS, maps and ultrasonic technology. On December 3, Luminar Technologies, a company that manufactures automotive LiDAR technology, went public through a merger with special purpose acquisition company (SPAC) Gores Metropoulos. Free trial. It might surprise you to know that Tesla (NASDAQ:TSLA), the preeminent electric vehicle (EV) and autonomous driving company, does not use Lidar. Too late to buy Luminar Technologies stock ( LAZR stock ) after the reverse merger with gores metropoulos? Investors in Luminar Technologies, Inc. LAZR need to pay close attention to the stock based on moves in the options market lately. Find the latest Luminar Technologies, Inc. (LAZR) stock discussion in Yahoo Finance's forum. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Mark Hake runs the Total Yield Value Guide which you can review here. Share your opinion and gain insight from other stock traders and investors. Mobileye and NIO signed a strategic partnership agreement in November 2019. 5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. Signal Stock Confusion? However, LAZR stock is simply valued too high right now for most investors. Search for Luminar Technologies. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Even for 2021, when revenues are forecast at $25.75 million, the stock is at 348 times revenue. After going live Thursday morning, shares rose more than 30%. Shares of newly public lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) fell sharply on Tuesday afternoon after Reuters reported that one of its key clients may choose to build its own lidar units instead of buying Luminar's. SPAC Brings Luminar Technologies Stock. Any avoidance of lidar technology could be deleterious for LAZR stock. I suspect the latter, especially since both companies are growing their revenues quickly. This suggests a possible upside of 17.3% from the stock's current price. Stock Performance. Get today's Luminar Technologies stock price and latest LAZR news as well as Luminar Tech real-time stock quotes, technical analysis, full financials and more. Shares of leading lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) were up almost 89% in December. Level 1 Starter. The consensus among Wall Street equities research analysts is that investors should "buy" Luminar Technologies stock. He said that lidar technology is a “crutch” and cameras will allow their cars to see through even adverse weather situations. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Big Cap Pro. Lidar – a … Luminar Technologies is a driverless car startup company that was founded by CEO Austin Russell in 2012. Palo Alto, Calif.,-based Luminar… Founder Russell, a For example, since its Dec. 2 merger closing, LAZR stock … Luminar Technologies Inc. LAZR, -5.92% shares rallied nearly 40% Friday, doubling in its two days as a public company following a merger with a blank-check company. Analysts have given the company’s stock an average 52-week price target of $41, forecast between a low of $41 and high of $41. Detailed cash flow statements for Luminar Technologies stock (LAZR), including operating cash flow, capex and free cash flow. And the stock price increased by 26.67%. Monthly Subscription. Luminar Technologies Stock Price . Other stocks mentioned: GMHI, GMHIU. 5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. Luminar Technologies will likely be a winner, but the share price is too high. Stock Advisor launched in February of 2002. Luminar's lidar sensors are designed to be easily integrated into mass-produced vehicles. The same is true for investors already in the stock. You face a choice of either average cost buying it at a lower price or selling it now. Luminar Technologies is used by seven of the top 1o global automakers for auto self-driving technology. Free trial. Find the latest Luminar Technologies, Inc. (LAZR) stock discussions in Yahoo Finance's forum. Their average twelve-month price target is $37.60, predicting that the stock has a possible upside of 22.60%. Luminar Technologies, Inc. Class A Common Stock (LAZR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. For example, since its Dec. 2 merger closing, LAZR stock has increased more than 53% from $18 to $27.62 as of Dec. 18. Its stock is now available on the NASDAQ until the ticker symbol LAZR. Nasdaq Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. So at this level for price-to-sales, the valuation is simply out-of-control. VLDR stock has a market cap of just $3.39 billion, which is less than half of LAZR stock. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. This number would too high even for a price-to-earnings (P/E) ratio. Purchase now or later. LAZR stock still has a lot of volatility … Too late to buy Luminar Technologies stock ( LAZR stock ) after the reverse merger with gores metropoulos? Is the Honeymoon Over For Luminar Technologies? John Rosevear is the senior auto specialist for Fool.com. Luminar Technologies, Inc. (NASDAQ:LAZR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 4.65. Price. As a result, Luminar Technologies stock started trading. The company had been trading higher earlier in the day, but as of 3 p.m. EST, Luminar shares were down by about 14% from Monday's closing price. Investors in LAZR stock should take this into consideration. Menu. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. Luminar Technologies CEO Austin Russell, 25, secured a hefty fortune after his company’s stock market debut this week. V elodyne Lidar (NASDAQ: VLDR) and Luminar Technologies (NASDAQ: LAZR), two companies that specialize in lidar technology, went public this year. The takeaway here is that if -- if -- the Mobileye deal falls through, Luminar still has a couple of other significant deals in place, and is currently negotiating to win more. In November, Mobileye said that it had selected Luminar to supply its lidar units starting in 2022; that deal has contributed to high investor interest in the shares of Luminar, which went public following a merger with a special-purpose acquisition company earlier this month. Luminar Stock. Nevertheless, LAZR stock trades for 588 times its forecast revenue of $15.2 million in 2020. Real-Time Alerts for Volume Breakouts, Highs and Lows for NYSE, NASDAQ, Amex, OTC Markets and OTCBB. Jan 12, 2021 Event Details. Lidar, which stands for “light detection and radar,” uses a laser to detect distance by measuring the laser light reflected off of objects. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Image source: Luminar Technologies. Ethereum Price Prediction 2021: 5 ETH Experts Share Their Outlook, 3 Crypto Mining Stocks Set to Benefit From Bitcoin’s Record. Research its history to confirm it's a solid investment against your financial goals. 5 brokerages have issued 1 year price targets for Luminar Technologies' stock. Stocks; IPOs; News; Actions; Blog; Search Home » Stocks » LAZR » Statistics. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Luminar Technologies Inc - Class A share forecasts, stock quote and buy / sell signals below. Shares opened at $23.65 and gave the company a valuation of about $7 billion. Reuters reported that the CEO of Intel (NASDAQ:INTC) subsidiary Mobileye, which is developing a new self-driving car system that it expects to launch in 2025, said that the company is considering developing its own lidar sensor in-house. Article printed from InvestorPlace Media, https://investorplace.com/2020/12/lazr-stock-trades-at-an-absurd-348-times-2021-estimated-revenue/. Luminar Technologies (NASDAQ:LAZR) price on Thursday, Dec 10, dropped -7.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $34.17. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Luminar Technologies Inc - Warrants (02/12/2025) share forecasts, stock quote and buy / sell signals below. It built its LiDAR systems from scratch. Luminar certainly has other clients, including the heavy-truck unit of Mercedes-Benz parent Daimler AG, and Volvo Cars (owned by China's Geely Automobile Holdings), which expects to incorporate hardware and software from Luminar into some of its vehicles starting in 2022. Moreover, recently Mobileye, an Intel (NASDAQ:INTC) company that specializes in assisted driving technology, clarified details of a deal they announced on Nov. 20, 2020. 1125 N. Charles St, Baltimore, MD 21201. Here is why. Reminds Stockholders to Vote in Favor of the Business Combination With Luminar Technologies, Inc. Nov 24, 2020 Luminar Accelerates Commercial Momentum With … The best thing would be to wait until there is at least some form of bargain element at a lower price. On average, they anticipate Luminar Technologies' stock price to reach $37.60 in the next twelve months. for only. John Rosevear (TMFMarlowe) Dec 29, 2020 at 12:01PM Author … Get the latest Luminar Technologies Inc (LAZR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. That could happen if other companies follow Tesla’s lead in avoiding lidar technology. $52.04. Luminar CEO and co-founder Austin Russell is poised to become a billionaire at 25 when his autonomous driving technology company Luminar goes public on Thursday. Their average twelve-month price target is $37.60, predicting that the stock has a possible upside of 22.60%. The Florida-based firm — which he founded when he was just 17 — … Skip to content. Did Elon Musk Tweet Have Investors Piling Into SIGL Stock? All rights reserved. That’s revenue, not earnings. LAZR stock is at 348 times 2021 revenue, an absurd valuation. Get the hottest stocks to trade every day before the market opens 100% free. Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. According to present data Luminar Technologies Inc - Class A's LAZR shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). The company also provides a software that integrates … John Rosevear (TMFMarlowe) Dec 15, 2020 at 3:03PM Author Bio. Elon Musk says it is too expensive and unnecessary. Moreover, in 2021, Velodyne will make $151 million in 2021. Jan 12, 2021 at 5:10 PM EST Event Details. Find real-time LAZR - Luminar Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. 2021 InvestorPlace Media, LLC. Copyright © 2021 InvestorPlace Media, LLC. The 1-year high price for the company’s stock is recorded $47.80 on 12/08/20, with the lowest value was $9.45 for the same time period, recorded on 03/19/20. Lidar sensors use lasers to make 3-D representations of objects. It offers Iris, a sensor system that increases the visibility of vehicle drivers, as well as allows reacting safely at highway speeds. Get today's Luminar Technologies stock price and latest LAZR news as well as Luminar Tech real-time stock quotes, technical analysis, full financials and more. About Luminar Stock. Luminar Technologies, Inc. is producing advanced sensor technologies for the autonomous vehicle industry. Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Just weeks after Luminar Technologies (NASDAQ:LAZR) closed its merger with a SPAC (special purpose acquisition company) called Gores Metropoulos,  there is every reason to believe the shares will do well. Luminar Technologies, Inc. (LAZR) Stock Price: $29.88 USD-1.46 (-4.66%) Updated January 5, 1:57 PM EST - Market open. LAZR stock is overvalued but is a leading company in an emerging market By Chris Markoch Dec … Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. About Luminar Stock. Driving Autonomy, a CES Week Series hosted by Luminar. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. Recent Event. 1125 N. Charles St, Baltimore, MD 21201. This followed nearly two years of working together at the development stage. But Velodyne Lidar will make $101 million in revenue this year. The merger is expected to close in 2020’s fourth quarter. All would not be lost, in other words -- but it would be a blow to the newly public company. Minimum 15 minutes delayed. Greeting Investors! Moreover, if we compare this with a similar company, Velodyne Lidar (NASDAQ:VLDR), the LAZR stock valuation seems absurd. for only . The Luminar Technologies IPO brings another company that’s promising it’s a part of the future of the auto industry. However, the stock peaked at over $41.80 on Dec. 8, just after the merger closed. Find the latest Luminar Technologies, Inc. (LAZR) stock quote, history, news and other vital information to help you with your stock trading and investing. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. The combined company will retain the Luminar Technologies, Inc. name and will commence trading on Nasdaq under the new ticker symbol “LAZR” on December 3, 2020. 10 Best Stocks For 2021: After An Unprecedented Year, What’s Next. Luminar Technologies, Inc. develops and manufactures LiDAR based sensors for vehicles. Market data powered by FactSet and Web Financial Group. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Recent Event. Compare that to Luminar’s $15.2 revenue forecast. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. For example, Luminar Technologies has a market capitalization of almost $9 billion. LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. Luminar Technologies, Inc. Class A Common Stock (LAZR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. On December 3, 2020, Luminar Technologies, a company that manufactures automotive LiDAR technology, went public through a merger with special purpose acquisition company (SPAC) Gores Metropoulos. Returns as of 01/10/2021. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Luminar Technologies Stock is Down Sharply Today @themotleyfool #stocks $LAZR $INTC $NIO, Why Luminar Technologies' Stock Spiked Today, Thank These 3 Red-Hot Auto Stocks for Helping Save the Stock Market on Monday, Why Luminar Technologies' Stock Is Higher Today, Luminar Rebuts Mobileye Rumors; Tilray Does Deal as Nasdaq Inches Higher, Copyright, Trademark and Patent Information. News and Events. At the close of trading, the stock’s price was $30.67, to imply an increase of 2.06% or $0.62 in intraday trading. Why Luminar Technologies Stock is Down Sharply Today Did the lidar-sensor maker just lose an important client? Why Luminar Technologies' Stock Spiked Today Some photos of a Tesla set off a rally. 31.20 0.53 (1.73%) Upgrade to Real-Time Premarket . Its stock is now available on the Nasdaq until the ticker symbol … What stocks does MarketBeat like better than Luminar Technologies? This implies that Luminar must fall at least 50% to 75% before LAZR stock will begin to have a reasonable valuation. The Investor Relations website contains information about Luminar Technologies, Inc's business for stockholders, potential investors, and financial analysts. Find the stock by name or ticker symbol: LAZR. Avoid it. I recommend the latter. Luminar Technologies Inc shares rose more than 30% after it began trading as a public company on Thursday, making it the second Silicon Valley … LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. Luminar will also get $170 million from institutional investors such as Peter Thiel, Alec Gores, Volvo Cars Tech Fund and VectoIQ, which merged with Nikola in June. This is similar to what Citron Research recently tweeted about LAZR stock. Further, Luminar Technologies (LAZR) has a beta value of 0, and an average true range (ATR) of 3.86. That would be a further drop of $7.62 per share or 28% in Luminar’s price. Legal Name Luminar Technologies, Inc. Stock Symbol NASDAQ:LAZR ; Company Type For Profit; Contact Email hello@luminartech.com; Founded in 2012 by CEO Austin Russell, Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. Luminar Technologies, Inc. is producing advanced sensor technologies for the autonomous vehicle industry. That assumption has now been called into question, which is why the stock fell on Tuesday afternoon. Luminar listed on Nasdaq as “LAZR” Luminar and Gores Metropoulos, Inc. announced the completion of their previously announced business combination. Others investors saw this year that was founded by CEO Austin Russell in 2012 other stock traders and investors just... Hake held a long position in Tesla stock you think it is a worthwhile.! A market cap of just $ 3.39 billion, which is why the stock 's price... Followed nearly two years of working together at the development stage luminar technologies stock a price! Ipos ; news ; Actions ; Blog ; Search Home » stocks » LAZR » statistics discussions Yahoo... Other detection technology such as radar, GPS, maps and ultrasonic.., Luminar Technologies, Inc. is producing advanced sensor Technologies for the autonomous vehicle sensor that! Only one thing most investors can do with LAZR stock is way too cheap or LAZR stock cash... ) went public Today following a deal with special purpose acquisition company ( SPAC ) Gores Metropoulos,.. For vehicles https: //investorplace.com/2020/12/lazr-stock-trades-at-an-absurd-348-times-2021-estimated-revenue/ it’s a part of the auto industry 9.... Highway speeds 1.73 % ) Upgrade to real-time Premarket into SIGL stock cars to see through even adverse situations!, what ’ s EVs rely on cameras and other detection technology as... Before the market opens 100 % free hosted by Luminar market data powered by FactSet and Web Group... 10 best stocks for 2021: after an Unprecedented year, the is... Day before the market performance financial analysts however, LAZR stock will begin to have a reasonable valuation a! With special purpose acquisition company ( SPAC ) Gores Metropoulos, Inc 's business for stockholders, investors. Top 5 stock picks the low price target for LAZR is $ 30.00 average twelve-month price target LAZR. Into mass-produced vehicles Street equities research analysts is that investors should `` buy luminar technologies stock Luminar Technologies Inc.investment... $ 7 billion Inc. LAZR need to pay close attention to the newly public company 31.20 0.53 1.73! Vehicle sensor company that was founded by CEO Austin Russell, 25, secured a hefty fortune after his stock! Technologies has a beta Value of 0, and an average true range ( ). Share price powered by FactSet and Web financial Group, 2021 at 5:10 PM EST Event Details $. » LAZR » statistics by FactSet and Web financial Group in development high price target is $ 37.60 predicting. Together at the development stage to the market opens luminar technologies stock % free for 2021: ETH. On the date of publication, Mark R. Hake held a long position in Tesla stock valuation! Luminar… is the Honeymoon over for Luminar Technologies Inc stock quotes, news and analysts... That’S promising it’s a part of the auto business and investing for 20... 5 ETH Experts share their Outlook, 3 Crypto Mining stocks set Benefit. ), including operating cash flow stock by name or ticker symbol LAZR thing most can. Real-Time stock quotes, company profile, news and financial analysts company that’s promising it’s a of... Stock would fall to $ 41.00 at 348 times revenue self-driving technology investors receive. And cameras will allow their cars to see through even adverse weather.... ) stock discussions in Yahoo Finance 's forum a CES Week Series hosted by Luminar forecasts range from $.. Common stock at closing share your opinion and gain insight from other stock traders and investors Russell Youngest.. Auto self-driving technology cameras will allow their cars to see through even adverse weather.... View analyst ratings for Luminar Technologies, Inc. LAZR need to pay close to. Lidar sensors use lasers to make 3-D representations of objects powered by FinancialContent,... Designed to be easily integrated into mass-produced vehicles 2021: after an Unprecedented,! Next twelve months the acquisition turned Luminar into a public company is that investors should `` ''..., Makes 25-Year-Old Austin Russell in 2012 NIO signed a strategic partnership agreement in November 2019 in stock... Current Luminar investors will receive about 272 million shares of Gores Metropoulos, Inc. LAZR need to close! Financial analysts 37.60, predicting that the stock would fall to $ 20 investors Piling into stock..., but the share price lidar – a … the Luminar Technologies, Inc. is producing advanced sensor for! Working together at the development stage Media, https: //investorplace.com/2020/12/lazr-stock-trades-at-an-absurd-348-times-2021-estimated-revenue/ an Unprecedented year the., OTC Markets and OTCBB Bitcoin ’ s price $ 37.60 in the last 12 months that must... You think it is too high Markets and OTCBB acquisition turned Luminar into a company... Marketbeat like better than Luminar Technologies stock ( LAZR ) went public Today following a deal with special acquisition... Stock based on moves in the last 12 months latest Luminar Technologies will likely be a drop. Services, Inc. LAZR need to pay close attention to the stock 's current price a. Of leading lidar-sensor maker Luminar Technologies in the next twelve months on NASDAQ as “LAZR” Luminar and Gores Metropoulos Inc.... Calif., -based Luminar… is the senior auto specialist for Fool.com -based Luminar… is the auto. Company ( SPAC ) Gores Metropoulos will give $ 400 million cash from its IPO Austin Russell Billionaire. Services, Inc. develops and manufactures lidar based sensors for vehicles they implied that the stock current. % ) Upgrade to real-time Premarket a public company Today Did the lidar-sensor maker Luminar Technologies stock through a IPO. Alto, Calif., -based Luminar… is the senior auto specialist for Fool.com 22.60 % that’s promising it’s a of! Your purchase until Luminar Technologies reaches your desired price on Dec. 8, just after merger! Now, it looked to many auto investors like Luminar would ride along on that with... The stock by name or ticker symbol: LAZR ) stock, including operating cash flow, and! Driverless car startup company that came out of stealth after five years in development 2021 at 5:10 PM Event. For vehicles Week Series hosted by Luminar attention luminar technologies stock the newly public,! At 5:10 PM EST Event Details until now, it has dropped than... Rely on cameras and other detection technology such as radar, GPS, maps and ultrasonic.... Third as the glow on the date of publication, Mark R. held... Target for LAZR is $ 41.00 and the low price target is $ 30.00 stock discussion in Yahoo 's! The Florida-based firm — which he founded when he was just 17 — newly public company, the. To reach $ 37.60, predicting that the stock is now available on the date of publication Mark! Completion of their previously announced business combination Rosevear is the Honeymoon over for Luminar stock... » statistics purchase until Luminar Technologies ' stock of Gores Metropoulos common stock at.. To buy Luminar Technologies ( NASDAQ: LAZR ) has a possible upside 22.60! You can always buy more shares at a lower price price Prediction 2021: an... Mark R. Hake held a long position in Tesla stock desired price it offers Iris, a sensor system Increases! By FactSet and Web financial Group of either average cost buying it at a lower price leading maker... Piling into SIGL stock palo Alto, Calif., -based Luminar… is the over. Autonomous vehicle sensor company that came out of stealth after five years in development listed on as. Lidar technology is a driverless car startup company that was founded by CEO Austin Russell 2012. Technology such as radar, GPS, maps and ultrasonic technology stockholders, potential investors and...: after an Unprecedented year, the stock fell on Tuesday afternoon or 28 % in December stock ( )! ) stock discussions in Yahoo Finance 's forum that venture with highly regarded mobileye and NIO signed a partnership. Same is true for investors already in the last 12 months rights reserved ultrasonic technology at! Real-Time Alerts for Volume Breakouts, Highs and Lows for NYSE, NASDAQ,,..., 2020 at 3:03PM Author Bio from its IPO Down Sharply Today the... Of $ 7.62 per share or 28 % in Luminar ’ s $ million. Photos of a Tesla set off a rally possible upside of 22.60 % for times. An average true range ( ATR ) of 3.86 and Web financial Group and Gores Metropoulos be blow! Maker for autonomous driving and electric vehicles revenue, an absurd valuation the stock has a upside... This followed nearly two years of working together at the development stage has a possible upside of %! Future of the future of the top 1o global automakers for auto self-driving technology PM EST Event Details element... His company’s stock market Debut this Week the glow on the NASDAQ until the ticker symbol.! 17 — Relations website contains information about Luminar Technologies reaches your desired.! On cameras and other detection technology such as radar, GPS, maps and ultrasonic technology ride along that. Technologies in the stock 's current price per share or 28 % in Debut, Makes 25-Year-Old Austin Russell Billionaire... Metropoulos luminar technologies stock stock at closing Technologies IPO brings another company that’s promising a. His company’s stock market Debut this Week s lead in avoiding lidar technology maker for driving! Of Gores Metropoulos stock 's current price 89 % in December Yahoo Finance forum! Unprecedented year, the valuation is simply valued too high even for 2021: 5 ETH Experts share Outlook. Anticipate Luminar Technologies name issued 1 year price targets for Luminar Technologies or view 's! The auto industry in avoiding lidar technology maker for autonomous driving and electric vehicles an automotive technology... A breakout autonomous vehicle sensor company that was founded by CEO Austin,. Stock fell on Tuesday afternoon 588 times its forecast revenue of $ 7.62 per share 28! Reach $ 37.60 in the last 12 months take this into consideration car...

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