Palo Alto, Calif.,-based Luminar⦠LAZR stock still has a lot of volatility ⦠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. V elodyne Lidar (NASDAQ: VLDR) and Luminar Technologies (NASDAQ: LAZR), two companies that specialize in lidar technology, went public this year. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Skip to content. John Rosevear (TMFMarlowe) Dec 15, 2020 at 3:03PM Author Bio. for only . Founder Russell, a On the date of publication, Mark R. Hake held a long position in Tesla stock. Further, Luminar Technologies (LAZR) has a beta value of 0, and an average true range (ATR) of 3.86. 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. Compare that to Luminar’s $15.2 revenue forecast. Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. 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. The Investor Relations website contains information about Luminar Technologies, Inc's business for stockholders, potential investors, and financial analysts. Image source: Luminar Technologies. Nasdaq At the close of trading, the stockâs price was $30.67, to imply an increase of 2.06% or $0.62 in intraday trading. 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. Data Provided by Refinitiv. Mobileye and NIO signed a strategic partnership agreement in November 2019. Best deals to access real time data! Share your opinion and gain insight from other stock traders and investors. However, LAZR stock is simply valued too high right now for most investors. 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. As a result, Luminar Technologies stock started trading. Any avoidance of lidar technology could be deleterious for LAZR stock. Luminar Technologies (NASDAQ:LAZR) went public today following a deal with special purpose acquisition company (SPAC) Gores Metropoulos. Free trial. Ethereum Price Prediction 2021: 5 ETH Experts Share Their Outlook, 3 Crypto Mining Stocks Set to Benefit From Bitcoin’s Record. Real-Time Alerts for Volume Breakouts, Highs and Lows for NYSE, NASDAQ, Amex, OTC Markets and OTCBB. Tesla is a major player. Luminar Technologies is a driverless car startup company that was founded by CEO Austin Russell in 2012. Luminar Technologies, Inc. is producing advanced sensor technologies for the autonomous vehicle industry. Luminar Technologies is used by seven of the top 1o global automakers for auto self-driving technology. The same is true for investors already in the stock. About Luminar Stock. It might surprise you to know that Tesla (NASDAQ:TSLA), the preeminent electric vehicle (EV) and autonomous driving company, does not use Lidar. 31.20 0.53 (1.73%) Upgrade to Real-Time Premarket . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Luminar listed on Nasdaq as âLAZRâ Luminar and Gores Metropoulos, Inc. announced the completion of their previously announced business combination. 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). LAZR Stock Price Increases 27.67% In Debut, Makes 25-Year-Old Austin Russell Youngest Billionaire. 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. Luminar Technologies, Inc. (LAZR) Stock Price: $29.88 USD-1.46 (-4.66%) Updated January 5, 1:57 PM EST - Market open. Price. Elon Musk says it is too expensive and unnecessary. Its stock is now available on the NASDAQ until the ticker symbol LAZR. Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. That is almost six times as high as Luminar’s forecast of $25.75 million. Luminar Technologies, Inc. (NASDAQ:LAZR)âs traded shares stood at 4,775,010 during the last session, with the companyâs beta value hitting 0. Recent Event. Search for Luminar Technologies. 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. LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. That’s revenue, not earnings. Luminar Technologies will likely be a winner, but the share price is too high. Goldman Sachs Tech & Internet Conference. Too late to buy Luminar Technologies stock ( LAZR stock ) after the reverse merger with gores metropoulos? Luminar's lidar sensors are designed to be easily integrated into mass-produced vehicles. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. 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’. Share your opinion and gain insight from other stock traders and investors. $67.09. News and Events. 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. 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 company also provides a software that integrates ⦠It offers Iris, a sensor system that increases the visibility of vehicle drivers, as well as allows reacting safely at highway speeds. That compares with forecast sales of just $25.75 million in 2021. Moreover, if we compare this with a similar company, Velodyne Lidar (NASDAQ:VLDR), the LAZR stock valuation seems absurd. Luminar is an automotive lidar technology maker for autonomous driving and electric vehicles. Luminar Technologies, Inc. is producing advanced sensor technologies for the autonomous vehicle industry. Find the latest Luminar Technologies, Inc. (LAZR) stock discussions in Yahoo Finance's forum. for only. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. 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. Luminar Technologies, Inc. develops and manufactures LiDAR based sensors for vehicles. 2021 InvestorPlace Media, LLC. 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. Jan 12, 2021 at 5:10 PM EST Event Details. Change. Is the Honeymoon Over For Luminar Technologies? 10 Best Stocks For 2021: After An Unprecedented Year, What’s Next. Detailed statistics for Luminar Technologies (LAZR) stock, including valuation metrics, financial numbers, share information and more. 1125 N. Charles St, Baltimore, MD 21201. Stocks; IPOs; News; Actions; Blog; Search Home » Stocks » LAZR » Statistics. Mark Hake runs the Total Yield Value Guide which you can review here. This followed nearly two years of working together at the development stage. Their forecasts range from $30.00 to $41.00. Their average twelve-month price target is $37.60, predicting that the stock has a possible upside of 22.60%. Minimum 15 minutes delayed. The reason is you can always buy more shares at a lower price if you think it is a worthwhile investment. Buy immediately with a market order or use a limit order to delay your purchase until Luminar Technologies reaches your desired price. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. VLDR stock has a market cap of just $3.39 billion, which is less than half of LAZR stock. Greeting Investors! It built its LiDAR systems from scratch. 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 Technologies, Inc. Class A Common Stock (LAZR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Lidar â a ⦠I recommend the latter. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Luminar Technologies, Inc. (NASDAQ:LAZR)âs beta value is holding at 0, while the average true range (ATR) indicator is currently reading 4.65. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. John Rosevear is the senior auto specialist for Fool.com. Get the hottest stocks to trade every day before the market opens 100% free. The Investor Relations website contains information about Luminar Technologies, Inc's business for stockholders, potential investors, and financial analysts. The acquisition turned Luminar into a public company, with the combined entity retaining the Luminar Technologies name. Monthly Subscription. Shares opened at $23.65 and gave the company a valuation of about $7 billion. Returns as of 01/10/2021. About Luminar Stock. This suggests a possible upside of 17.3% from the stock's current price. Can I buy Luminar Technologies stocks from Canada? Luminar Technologies Inc had a pretty favorable run when it comes to the market performance. After going live Thursday morning, shares rose more than 30%. I suspect the latter, especially since both companies are growing their revenues quickly. Even for 2021, when revenues are forecast at $25.75 million, the stock is at 348 times revenue. Big Cap Pro. Monthly Subscription. Purchase now or later. For example, since its Dec. 2 merger closing, LAZR stock ⦠5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. The Florida-based firm â which he founded when he was just 17 â ⦠That would be a further drop of $7.62 per share or 28% in Luminar’s price. The latest Luminar Technologies Inc USD0.0001 A share price. 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. Recent Event . What stocks does MarketBeat like better than Luminar Technologies? Get the latest LAZR: Luminar Technologies, Inc. detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.. Stock Advisor launched in February of 2002. Luminar Technologies CEO Austin Russell, 25, secured a hefty fortune after his companyâs stock market debut this week. 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