See our analysis below of how Luminar compares to Velodyne, a company that has focused on lidar for lower volume applications. The stock also remains one of the few pure-play options in the self-driving market.
It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. Based on the consensus CY/2023 revenue growth estimate of about 198 for Luminar, the stock should trade closer to an EV/’23 sales ratio of 24.7x (currently 60x). Although none of these developments directly impact Luminar, the company is seen as a technology leader for lidar in mass-market vehicles and does stand to benefit as EVs and self-driving vehicles continue to gain traction. stock price gained 7.19 on the last trading day (Wednesday, 19th Jul 2023), rising from 7.23 to 7.75.It has now gained 3 days in a row. Apple is also rumored to be developing its own electric car, and there have been reports that it held meetings with EV startup Canoo (NASDAQ: GOEV) in this regard. Separately, Chinese e-commerce titan Alibaba unveiled an electric sedan under a new brand in collaboration with state-owned SAIC Motor. For instance, there is increasing enthusiasm surrounding legacy automaker General Motors’ EV plans, as the company formed a new business unit to sell electric vans and also saw Microsoft make an investment into Cruise, its autonomous-car division. Lidar ETF List ETFs which hold one or more stocks tagged as: Lidar View All. While there hasn’t been too much news specific to the company in recent weeks, the electric vehicle industry, which is leading the self-driving revolution, has seen a lot of buzz. The company is on track to meet or beat all of its company-level execution milestones and financial guidance for the year.
The minimum target price for Luminar Technologies analysts is 11.59. Luminar Technologies stock forecasts are adjusted once a day based on the closing price of the previous trading day.
#LUMINAR TECHNOLOGY STOCK UPDATE#
The company was founded in 2012 and is headquartered in Orlando, Florida.Luminar Technologies (NASDAQ: LAZR), a company that specializes in lidar technology used in self-driving vehicles, has seen its stock rally by about 15% since early January. ORLANDO, Fla., May 09, 2023-Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the first quarter of 2023. The Luminar Technologies stock prediction results are shown below and presented as a graph, table and text information. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers.
#LUMINAR TECHNOLOGY STOCK SOFTWARE#
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, commercial vehicle, robo-taxi, and adjacent industries. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. 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. Track Luminar Technologies Inc (LAZR) Stock Price, Quote, latest community messages, chart, news and other stock related information.
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