Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Following this news, Luminars stock price. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. As a result, Lidwave threatened Luminar with legal action, prompting the latter to remove the disputed images from its investor presentation and website. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. Real-time Price Updates for Luminar Technologies Inc (LAZR-Q), along with buy or sell indicators, analysis, charts, historical performance, news and more.
LUMINAR TECHNOLOGIES NEWS FOR FREE
Need some more information? At least one of Luminar Technologies' twelve analysts has provided estimates out to 2025, which can be seen for free on our platform here.Īnother way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Luminar Technologies to grow faster than the wider industry. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. It's clear from the latest estimates that Luminar Technologies' rate of growth is expected to accelerate meaningfully, with the forecast 126% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 43% p.a. Of course, another way to look at these forecasts is to place them into context against the industry itself. With this in mind, we wouldn't rely too heavily on the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business. With such a wide range in price targets, the analysts are almost certainly betting on widely diverse outcomes for the underlying business. There are some variant perceptions on Luminar Technologies, with the most bullish analyst valuing it at US$24.00 and the most bearish at US$5.00 per share. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Use a stoploss of 6.01 and if the stock hits stoploss, then it can shoot up till 6.There was no particular change to the consensus price target of US$13.42, with Luminar Technologies' latest outlook seemingly not enough to result in a change of valuation.
My analysis of Luminar Technologies is bearish for shortterm, and stock might move down till 5.8 or till 5.6. This is not a good sign, stock might keep falling and stock might move lower. Stock of Luminar Technologies (LAZR) is trading below an important moving average line, and it has been below this line for quite some time now. It appears as if Luminar Technologies LAZR gave a large move recently. Look for opportunities to sell or SHORT Luminar Technologies LAZR at this time. Technical analysis forecast for Luminar Technologies Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. LAZR NEWS reasons for why stock price of Luminar Technologies Inc is falling or rising LAZR Luminar Technologies is falling or rising technical reasons In trading on Tuesday, shares of Luminar Technologies Inc (Symbol: LAZR) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as 4.93 per share. LAZR NEWS why is Luminar Technologies Inc price falling or rising
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