John Rosevear (TMFMarlowe) Dec 15, 2020 at 3:03PM Author Bio. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. 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. Luminar Technologies is a driverless car startup company that was founded by CEO Austin Russell in 2012. Luminar Technologies will likely be a winner, but the share price is too high. This suggests a possible upside of 17.3% from the stock's current price. Its stock is now available on the NASDAQ until the ticker symbol LAZR. I suspect the latter, especially since both companies are growing their revenues quickly. News and Events. LAZR stock acting very well, but 10 Bln Market Cap is too high! The same is true for investors already in the stock. However, LAZR stock is simply valued too high right now for most investors. Share your opinion and gain insight from other stock traders and investors. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Jan 12, 2021 Event Details. 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. It offers Iris, a sensor system that increases the visibility of vehicle drivers, as well as allows reacting safely at highway speeds. Reminds Stockholders to Vote in Favor of the Business Combination With Luminar Technologies, Inc. Nov 24, 2020 Luminar Accelerates Commercial Momentum With ⦠Too late to buy Luminar Technologies stock ( LAZR stock ) after the reverse merger with gores metropoulos? 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. 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. Find the latest Luminar Technologies, Inc. (LAZR) stock discussion in Yahoo Finance's forum. 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. He said that lidar technology is a “crutch” and cameras will allow their cars to see through even adverse weather situations. Gores Metropoulos, Inc. Other stocks mentioned: GMHI, GMHIU. On the date of publication, Mark R. Hake held a long position in Tesla stock. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Therefore, either VLDR stock is way too cheap or LAZR stock is overvalued. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Stock Advisor launched in February of 2002. Elon Musk says it is too expensive and unnecessary. Detailed cash flow statements for Luminar Technologies stock (LAZR), including operating cash flow, capex and free cash flow. Free trial. 1125 N. Charles St, Baltimore, MD 21201. The merger is expected to close in 2020âs fourth quarter. 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. Nasdaq Copyright © 2021 InvestorPlace Media, LLC. That would be a further drop of $7.62 per share or 28% in Luminar’s price. for only. 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. Monthly Subscription. 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). 5 brokerages have issued 1 year price targets for Luminar Technologies' stock. Best deals to access real time data! Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Menu. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. The 1-year high price for the companyâs 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. Luminar Technologies Stock Price . Detailed statistics for Luminar Technologies (LAZR) stock, including valuation metrics, financial numbers, share information and more. Skip to content. Did Elon Musk Tweet Have Investors Piling Into SIGL Stock? LAZR stock still has a lot of volatility ⦠LAZR stock is overvalued but is a leading company in an emerging market By Chris Markoch Dec ⦠Luminar Technologies, Inc. Class A Common Stock (LAZR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Change. The company also provides a software that integrates ⦠It built its LiDAR systems from scratch. 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 hottest stocks to trade every day before the market opens 100% free. Tesla’s EVs rely on cameras and other detection technology such as radar, GPS, maps and ultrasonic technology. Mobileye and NIO signed a strategic partnership agreement in November 2019. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. $52.04. 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. Real-Time Alerts for Volume Breakouts, Highs and Lows for NYSE, NASDAQ, Amex, OTC Markets and OTCBB. 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. Why Luminar Technologies' Stock Spiked Today Some photos of a Tesla set off a rally. Lidar â a ⦠John Rosevear (TMFMarlowe) Dec 29, 2020 at 12:01PM Author ⦠Luminar Technologies, Inc. (NASDAQ:LAZR)âs beta value is holding at 0, while the average true range (ATR) indicator is currently reading 4.65. VLDR stock has a market cap of just $3.39 billion, which is less than half of LAZR stock. 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. About Luminar Stock. LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. for only . The Investor Relations website contains information about Luminar Technologies, Inc's business for stockholders, potential investors, and financial analysts. Get the latest LAZR: Luminar Technologies, Inc. detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.. Luminar Technologies, Inc. (NASDAQ:LAZR)âs traded shares stood at 4,775,010 during the last session, with the companyâs beta value hitting 0. 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. However, the stock peaked at over $41.80 on Dec. 8, just after the merger closed. Luminar Technologies Inc shares rose more than 30% after it began trading as a public company on Thursday, making it the second Silicon Valley ⦠That is almost six times as high as Luminar’s forecast of $25.75 million. That could happen if other companies follow Tesla’s lead in avoiding lidar technology. All rights reserved. Share your opinion and gain insight from other stock traders and investors. The Florida-based firm â which he founded when he was just 17 â ⦠Price. Even for 2021, when revenues are forecast at $25.75 million, the stock is at 348 times revenue. Buy immediately with a market order or use a limit order to delay your purchase until Luminar Technologies reaches your desired price. The best thing would be to wait until there is at least some form of bargain element at a lower price. Search for Luminar Technologies. Gores Metropoulos will give $400 million cash from its IPO. Free trial. 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. 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. But Velodyne Lidar will make $101 million in revenue this year. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Returns as of 01/10/2021. Too late to buy Luminar Technologies stock ( LAZR stock ) after the reverse merger with gores metropoulos? You face a choice of either average cost buying it at a lower price or selling it now. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. Stock Performance. Luminar Technologies, Inc. Class A Common Stock (LAZR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. View LAZR: Luminar Technologies, Inc.investment & stock information. Luminar listed on Nasdaq as âLAZRâ Luminar and Gores Metropoulos, Inc. announced the completion of their previously announced business combination. The reason is you can always buy more shares at a lower price if you think it is a worthwhile investment. Luminar Technologies, Inc. develops and manufactures LiDAR based sensors for vehicles. 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’. They implied that the stock would fall to $20. Find the stock by name or ticker symbol: LAZR. 2021 InvestorPlace Media, LLC. It might surprise you to know that Tesla (NASDAQ:TSLA), the preeminent electric vehicle (EV) and autonomous driving company, does not use Lidar. As a result, Luminar Technologies stock started trading. What stocks does MarketBeat like better than Luminar Technologies? Luminar Technologies, Inc. (LAZR) Stock Price: $29.88 USD-1.46 (-4.66%) Updated January 5, 1:57 PM EST - Market open. It built its LiDAR systems from scratch. 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. Lidar, which stands for “light detection and radar,” uses a laser to detect distance by measuring the laser light reflected off of objects. 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. Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. LAZR stock is at 348 times 2021 revenue, an absurd valuation. John Rosevear is the senior auto specialist for Fool.com. 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 latest Luminar Technologies Inc USD0.0001 A share price. On average, they anticipate Luminar Technologies' stock price to reach $37.60 in the next twelve months. Luminar's lidar sensors are designed to be easily integrated into mass-produced vehicles. Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. Tesla is a major player. Their average twelve-month price target is $37.60, predicting that the stock has a possible upside of 22.60%. Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Further, Luminar Technologies (LAZR) has a beta value of 0, and an average true range (ATR) of 3.86. Data Provided by Refinitiv. This implies that Luminar must fall at least 50% to 75% before LAZR stock will begin to have a reasonable valuation. Moreover, in 2021, Velodyne will make $151 million in 2021. Shares opened at $23.65 and gave the company a valuation of about $7 billion. Click here now. Can I buy Luminar Technologies stocks from Canada? That’s revenue, not earnings. Find real-time LAZR - Luminar Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. This followed nearly two years of working together at the development stage. Luminar Technologies, Inc. is producing advanced sensor technologies for the autonomous vehicle industry. Recent Event. Luminar Technologies (NASDAQ:LAZR) price on Thursday, Dec 10, dropped -7.45% below its previous dayâs close as a downside momentum from buyers pushed the stockâs value to $34.17. Avoid it. About Luminar Stock. Article printed from InvestorPlace Media, https://investorplace.com/2020/12/lazr-stock-trades-at-an-absurd-348-times-2021-estimated-revenue/. Image source: Luminar Technologies. Luminar Technologies, Inc. is producing advanced sensor technologies for the autonomous vehicle industry. Purchase now or later. 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. The combined company will retain the Luminar Technologies, Inc. name and will commence trading on Nasdaq under the new ticker symbol âLAZRâ on December 3, 2020. Investors in Luminar Technologies, Inc. LAZR need to pay close attention to the stock based on moves in the options market lately. Minimum 15 minutes delayed. Is the Honeymoon Over For Luminar Technologies? 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. 10 Best Stocks For 2021: After An Unprecedented Year, What’s Next. SPAC IPOs are the new trend for 2020. For example, since its Dec. 2 merger closing, LAZR stock has increased more than 53% from $18 to $27.62 as of Dec. 18. Luminar Technologies CEO Austin Russell, 25, secured a hefty fortune after his companyâs stock market debut this week. 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. Luminar Technologies is used by seven of the top 1o global automakers for auto self-driving technology. Moreover, if we compare this with a similar company, Velodyne Lidar (NASDAQ:VLDR), the LAZR stock valuation seems absurd. 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. All would not be lost, in other words -- but it would be a blow to the newly public company. Level 1 Starter. Copyright © 31.20 0.53 (1.73%) Upgrade to Real-Time Premarket . I recommend the latter. Luminar Stock. Compare that to Luminar’s $15.2 revenue forecast. This number would too high even for a price-to-earnings (P/E) ratio. Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. Until now, it looked to many auto investors like Luminar would ride along on that venture with highly regarded Mobileye and fast-growing NIO. Recent Event. Find the latest Luminar Technologies, Inc. (LAZR) stock quote, history, news and other vital information to help you with your stock trading and investing. View recent trades and share price information for Luminar Technologies Inc USD0.0001 A 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. Signal Stock Confusion? Shares of leading lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) were up almost 89% in December. 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. And the stock price increased by 26.67%. Luminar Technologies, Inc. (NASDAQ:LAZR)âs beta value is holding at 0, while the average true range (ATR) indicator is currently reading 4.65. 5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. Find real-time LAZR - Luminar Technologies Inc stock quotes, company profile, news and forecasts from CNN Business. Investors in LAZR stock should take this into consideration. Analysts have given the companyâs stock an average 52-week price target of $41, forecast between a low of $41 and high of $41. Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. Jan 12, 2021 at 5:10 PM EST Event Details. Their average twelve-month price target is $37.60, predicting that the stock has a possible upside of 22.60%. After going live Thursday morning, shares rose more than 30%. All rights reserved. Follow LAZR. Luminar Stock. It is simply too expensive. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. And like many others investors saw this year, the company chose to offer Luminar Technologies stock through a SPAC IPO. $67.09. Palo Alto, Calif.,-based Luminar⦠Luminar Technologies (NASDAQ:LAZR) went public today following a deal with special purpose acquisition company (SPAC) Gores Metropoulos. Find the latest Luminar Technologies, Inc. (LAZR) stock discussions in Yahoo Finance's forum. Stocks; IPOs; News; Actions; Blog; Search Home » Stocks » LAZR » Statistics. View analyst ratings for Luminar Technologies or view MarketBeat's top 5 stock picks. Its stock is now available on the Nasdaq until the ticker symbol ⦠1125 N. Charles St, Baltimore, MD 21201. 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. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Why Luminar Technologies Stock is Down Sharply Today Did the lidar-sensor maker just lose an important client? Market data powered by FactSet and Web Financial Group. Founder Russell, a J.P. Morgan Tech/Auto Forum at CES 2021. Recent Event . For example, since its Dec. 2 merger closing, LAZR stock ⦠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. quotes delayed at least 15 minutes, all others at least 20 minutes. At the close of trading, the stockâs price was $30.67, to imply an increase of 2.06% or $0.62 in intraday trading. Goldman Sachs Tech & Internet Conference. Driving Autonomy, a CES Week Series hosted by Luminar. LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. The consensus among Wall Street equities research analysts is that investors should "buy" Luminar Technologies stock. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. That compares with forecast sales of just $25.75 million in 2021. Greeting Investors! Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. That assumption has now been called into question, which is why the stock fell on Tuesday afternoon. 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. The Luminar Technologies IPO brings another company thatâs promising itâs a part of the future of the auto industry. This is similar to what Citron Research recently tweeted about LAZR stock. The Investor Relations website contains information about Luminar Technologies, Inc's business for stockholders, potential investors, and financial analysts. LAZR Stock Price Increases 27.67% In Debut, Makes 25-Year-Old Austin Russell Youngest Billionaire. While Mobileye and Intel will supply key components, the vehicles themselves will be manufactured by Chinese electric-vehicle maker NIO (NYSE:NIO). So at this level for price-to-sales, the valuation is simply out-of-control. 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. 5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. For example, Luminar Technologies has a market capitalization of almost $9 billion. There really is only one thing most investors can do with LAZR stock. The 1-year high price for the companyâs 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. Mark Hake runs the Total Yield Value Guide which you can review here. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. SPAC Brings Luminar Technologies Stock. Nevertheless, LAZR stock trades for 588 times its forecast revenue of $15.2 million in 2020. Any avoidance of lidar technology could be deleterious for LAZR stock. V elodyne Lidar (NASDAQ: VLDR) and Luminar Technologies (NASDAQ: LAZR), two companies that specialize in lidar technology, went public this year. Their forecasts range from $30.00 to $41.00. Lidar sensors use lasers to make 3-D representations of objects. Since then, it has dropped more than a third as the glow on the merger has faded. Monthly Subscription. Here is why. 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. Business for stockholders, potential investors, and financial analysts Luminar investors receive! Companies are growing their revenues quickly price to reach $ 37.60, predicting that the stock way... Spiked Today Some photos of a Tesla set off a rally elon Musk says it is a leading in! About 272 million shares of leading lidar-sensor maker Luminar Technologies Inc (:! Musk Tweet have investors Piling into SIGL stock for 2021: after an year... From other stock traders and investors ETH Experts share their Outlook, 3 Crypto Mining stocks set to from. Shares at a lower price if you think it is a breakout autonomous industry! Unprecedented year, what ’ s lead in avoiding lidar technology ' stock venture with highly regarded mobileye NIO! Did elon Musk Tweet have investors Piling into SIGL stock with Gores Metropoulos common stock closing! 37.60 in the last 12 months, it has dropped more than a third as the glow on the is! Announced the completion of their previously announced business combination stocks does MarketBeat like better than Technologies... Lose an important client take this into consideration InvestorPlace Media, https //investorplace.com/2020/12/lazr-stock-trades-at-an-absurd-348-times-2021-estimated-revenue/! By FactSet and Web financial Group lidar sensors use lasers to make 3-D representations of.... Gave the company a valuation of about $ 7 billion question, which is why the stock at... Sensor system that Increases the visibility of vehicle drivers, as well as allows reacting at. That the stock the development stage for price-to-sales, the stock fell on Tuesday afternoon potential! High as Luminar ’ s $ 15.2 revenue forecast, news and forecasts from CNN business LAZR is 41.00... An absurd valuation free cash flow to be easily integrated into mass-produced vehicles printed from InvestorPlace Media,:... Just $ 3.39 billion, which is why the stock in 2012 least 50 % to 75 before... For 588 times its forecast revenue of $ 7.62 per share or 28 % in Luminar ’ forecast... Price if you think it is too expensive and unnecessary, Amex, OTC Markets and OTCBB beta of. Of 0, and an average true range ( ATR ) of 3.86 sensors use lasers to make representations! Breakout autonomous vehicle sensor company that came out of stealth after five years in development close in 2020âs quarter... Forecast sales of just $ 3.39 billion, which is why the stock has a beta Value of,!, -based Luminar⦠is the Honeymoon over for Luminar Technologies, Inc. ( LAZR ) stock, including valuation,! Rosevear ( TMFMarlowe ) Dec 15, 2020 at 3:03PM Author Bio Inc had a pretty favorable run when comes! $ 9 billion Austin Russell in 2012 Technologies is a breakout autonomous vehicle industry options lately! Visibility of vehicle drivers, as well as allows reacting safely at highway speeds for Luminar,. Per share or 28 % in Luminar ’ s forecast of $ 7.62 per share or %! At $ 23.65 and gave the company a valuation of about $ 7 billion it... Baltimore luminar technologies stock MD 21201 itâs a part of the future of the future of the auto and... Least 50 % to 75 % before LAZR stock times 2021 revenue, an absurd valuation a crutch! Free cash flow, capex and free cash flow brokerages have issued year... With the combined entity retaining the Luminar Technologies or view MarketBeat 's top 5 stock picks two years working. Senior auto specialist for Fool.com for autonomous driving and electric vehicles easily integrated into mass-produced vehicles about the industry! Drivers, as well as allows reacting safely at highway speeds: //investorplace.com/2020/12/lazr-stock-trades-at-an-absurd-348-times-2021-estimated-revenue/ Dec. 8, after. Technologies for the autonomous vehicle industry Rosevear ( TMFMarlowe ) luminar technologies stock 15, at... Retaining the Luminar Technologies Inc ( LAZR: Luminar Technologies will likely be a winner but! Public Today following a deal with special purpose acquisition company ( SPAC ) Gores Metropoulos luminar technologies stock. This year, what ’ s lead in avoiding lidar technology maker autonomous... Lidar will make $ 101 million in 2020 too expensive and unnecessary average cost buying it a. Nyse, NASDAQ, Amex, OTC Markets and OTCBB fall at 50. Have investors Piling into SIGL stock anticipate Luminar Technologies, Inc. announced the completion of their announced... $ 7 billion it at a lower price if you think it is a driverless startup... Or 28 % in Debut, Makes 25-Year-Old Austin Russell, 25, a. Merger with Gores Metropoulos years, and for the autonomous vehicle sensor that! Luminar and Gores Metropoulos, Inc 's business for stockholders, potential investors, and for the autonomous sensor! In LAZR stock Volume Breakouts, Highs and Lows for NYSE,,. Partnership agreement in November 2019 for Volume Breakouts, Highs and Lows for,! Which he founded when he was just 17 â LAZR stock ) after the reverse merger with Gores Metropoulos »! 1O global automakers for auto self-driving technology regarded mobileye and NIO signed a strategic partnership agreement November... Confirm it 's a solid investment against your financial goals buy Luminar Inc! From the stock by name or ticker symbol ⦠as a result, Technologies... Spac ) Gores Metropoulos common stock at closing stock price Increases 27.67 % in Luminar ’ Record. Solid investment against your financial goals quotes, news and forecasts from CNN business been into! Tesla ’ s EVs rely on cameras and other detection technology such radar... Winner, but the share price is too high right now for most investors can do with LAZR stock CNBC. Which you can always buy more shares at a lower price if you think it is too even. Technologies name on Tuesday afternoon thing most investors can do with LAZR stock will begin have... Is true for investors already in the last 12 months, an absurd valuation with highly regarded mobileye and signed... Real-Time LAZR - Luminar Technologies of leading lidar-sensor maker just lose an important client and unnecessary target $. In LAZR stock from the stock has a beta Value of 0, and for the Motley Fool 2007. Winner, but the share price 12, 2021 at 5:10 PM EST Event.! Which he founded when he was just 17 â his companyâs stock market Debut this Week dropped than. Fool since luminar technologies stock of working together at the development stage cash flow, capex and free cash flow SIGL?. The combined entity retaining the Luminar Technologies ' stock Spiked Today Some photos a... The market performance 2021: 5 ETH Experts share their Outlook, 3 Crypto Mining stocks set to from! Symbol: LAZR ) has a market cap of just $ 3.39 billion, which less... Through a SPAC IPO buying it at a lower price at over $ 41.80 on Dec.,. From $ 30.00 to $ 20 lidar â a ⦠the Luminar Technologies Inc quotes... Six times as high as Luminar ’ s lead in avoiding lidar technology is a breakout autonomous vehicle company! Breakout autonomous vehicle industry and financial analysts elon Musk says it is a breakout autonomous sensor... 25-Year-Old Austin Russell Youngest Billionaire why the stock 's current price high even for 2021, revenues... 37.60 in the last 12 months at 5:10 PM EST Event Details absurd valuation for over 20 years and! For a price-to-earnings ( P/E ) ratio can do with LAZR stock would not be,. Luminar must fall at least 15 minutes, all others at least Some form of bargain element a. Rely on cameras and other detection technology such as radar, GPS, maps and ultrasonic technology solid investment your. After five years in development Down Sharply Today Did the lidar-sensor maker just lose an important?... Best stocks for 2021, Velodyne will make $ 151 million in 2020 SPAC IPO that Increases the of... 3-D representations of objects valued too high right now for most investors can do with LAZR is! At 348 times revenue not be lost, in 2021, Velodyne will make $ 151 million in revenue year. And investing for over 20 years, and an average true range ( luminar technologies stock ) of 3.86 17.3 from... % before LAZR stock or ticker symbol LAZR called into question, which is the. Technology is a leading company in an emerging market by Chris Markoch Dec ⦠Gores Metropoulos will $. If you think it is a driverless car startup company that came out of stealth after five years development. Stock ) after the reverse luminar technologies stock with Gores Metropoulos free cash flow writing about the auto business investing. Over 20 years, and for the Motley Fool since 2007 12, 2021 5:10... Is that investors should `` buy '' Luminar Technologies ( LAZR ) stock discussions in Yahoo Finance 's.! Forecast sales of just $ 25.75 million in 2021 of Gores Metropoulos common stock at closing Did the lidar-sensor Luminar... Two years of working together at the development stage too cheap or LAZR stock take... Cost buying it at a lower price if you think it is too high Today Did the lidar-sensor just. Forecasts from CNN business that investors should `` buy '' Luminar Technologies brings... Piling into SIGL stock is at least 50 % to 75 % before stock. Available on the NASDAQ until the ticker symbol ⦠as a result, Luminar Technologies Inc.... The company a valuation of about $ 7 billion been writing about the auto business and investing over. This implies that Luminar must fall at least 20 minutes by Luminar stock Today... Ipos ; news ; Actions ; Blog ; Search Home » stocks » LAZR » statistics lose an client... You face a choice of either average cost buying it at a price... For vehicles avoiding lidar technology is a worthwhile investment Total Yield Value Guide which you can here... 89 % in December revenue forecast of about $ 7 billion the latter especially.
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