Luminar Technologies (LAZR) Projected to Post Quarterly Earnings on Thursday

Luminar Technologies (NASDAQ:LAZR) is expected to be releasing its earnings data after the market closes on Thursday, March 20th. Analysts expect Luminar Technologies to post earnings of ($2.20) per share and revenue of $17.50 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Luminar Technologies Stock Performance

Shares of NASDAQ:LAZR opened at $4.85 on Thursday. The firm has a market cap of $161.57 million, a P/E ratio of -0.36 and a beta of 1.74. Luminar Technologies has a 52-week low of $4.47 and a 52-week high of $34.80. The business’s 50 day simple moving average is $6.06 and its two-hundred day simple moving average is $9.41.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their target price on Luminar Technologies from $11.25 to $7.50 and set a “sell” rating on the stock in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Luminar Technologies presently has an average rating of “Hold” and an average price target of $50.06.

Luminar Technologies Company Profile

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.