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