Luminar Technologies (LAZR) to Release Earnings on Tuesday

Luminar Technologies (NASDAQ:LAZR) is expected to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Luminar Technologies to post earnings of ($0.16) per share and revenue of $17.50 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Luminar Technologies Trading Down 12.1 %

NASDAQ:LAZR opened at $6.16 on Friday. The firm has a market cap of $205.19 million, a PE ratio of -0.46 and a beta of 1.62. The stock has a fifty day moving average price of $6.18 and a 200 day moving average price of $10.26. Luminar Technologies has a 12-month low of $4.93 and a 12-month high of $38.25.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LAZR. Craig Hallum decreased their target price on Luminar Technologies from $22.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group decreased their target price on Luminar Technologies from $11.25 to $7.50 and set a “sell” rating for the company in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.06.

About Luminar Technologies

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. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. 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.