Luminar technologies news software#
Luminar technologies news series#

Luminar technologies news series#

The company is also making progress with its production plans for its low-cost, mass-market Iris sensors, noting back in August that it had secured more than 85% of its series production supply chain. Luminar’s tech will also be standard on Volvo’s next-generation electric SUV. Luminar might be well-positioned in this market, given that it has production program partnerships with OEMs including Volvo, Daimler Trucks, and China’s largest auto company SAIC.

Luminar technologies news software#

Luminar projects that the total addressable market for its sensor and software solutions will stand at about $150 billion by 2030. The automotive industry is pivoting at a faster than expected pace to electric vehicles due to mounting environmental concerns, and self-driving technology, which is increasingly viewed as a default feature in premium EVs, should stand to gain traction. stock market and the mid-August public listing of AEye, another lidar player, which gives investors yet another option to gain exposure to the lidar market.Īlthough valuing a stock like Luminar is difficult, given that it hasn’t started meaningful commercial operations just yet, we think the risk-to-reward prospects are looking better at current levels. While the sell-off this year comes as investors have been rotating away from high-growth, futuristic stocks, such as Luminar, into cyclical stocks to play the post-Covid re-opening, the recent decline is likely due to a broader selloff in the U.S. The stock also remains down by about 47% year-to-date. Luminar (NASDAQ:LAZR), a company that develops lidar sensors for use in self-driving cars, has seen its stock decline by about 6% over the last week, trading at $16.50 per share. Investing in Electric Vehicle Component Supplier Stockscan be a good alternative to play the growth in the EV market. A change of 11% or more over twenty-one trading days has a 12% event probability, which has occurred 27 times out of 224 in the last year.Įlectric vehicles are the future of transportation, but picking the right EV stocks can be tricky.Luminar stock rose 11% over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which rose by 2.8%.A change of -11% or more over ten trading days has a 24% event probability, which has occurred 57 times out of 235 in the last year.Luminar stock declined -11 % over the last ten trading days (two weeks), compared to the broader market (S&P500) which remained roughly flat.A change of -14% or more over five trading days has a 11% event probability, which has occurred 27 times out of 240 in the last year.

Luminar stock declined -14 % over a five-day trading period ending, compared to the broader market (S&P500) which remained roughly flat over the same period.See our analysis Luminar Stock Chance of Risefor more details.įive Days: LAZR -14%, vs. So, is LAZR stock likely to rise further in the coming weeks and months or is a correction looking more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, LAZR stock only has a 37% chance of a rise over the next month (21 trading days). Luminar also appears to be on track for the production of its low-cost, mass-market Iris sensors, with the company noting that development and tooling were both predominantly complete. The company says that it is on track for 60% year-over-year growth of its forward-looking order book in 2021. Moreover, the company has actually been executing reasonably well with winning new customers and bolstering its order book. However, financial results aren’t really important for Luminar at this point, as the company hasn’t commenced meaningful commercial operations just yet. The decline follows Luminar’s mixed Q3 2021 results, which saw its revenue fall slightly short of estimates, with EPS coming in line. This compares to the S&P 500 which has remained roughly flat over the same period. Luminar (NASDAQ:LAZR), a company that develops lidar sensors for use in self-driving cars, has seen its stock decline by roughly 14% over the last week (five trading days).