Luminar Technologies (LAZR) Expected to Announce Earnings on Tuesday

Luminar Technologies (NASDAQ:LAZR - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.16) per share and revenue of $17.50 million for the quarter.

Luminar Technologies Trading Down 12.1 %

Shares of Luminar Technologies stock traded down $0.85 during trading hours on Friday, hitting $6.16. 1,578,637 shares of the company were exchanged, compared to its average volume of 2,536,775. Luminar Technologies has a 1 year low of $4.93 and a 1 year high of $38.25. The business has a 50-day moving average of $6.18 and a 200-day moving average of $10.33. The stock has a market capitalization of $205.19 million, a price-to-earnings ratio of -0.46 and a beta of 1.62.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LAZR shares. The Goldman Sachs Group cut their price target on Luminar Technologies from $11.25 to $7.50 and set a "sell" rating for the company in a research note on Thursday, November 14th. Craig Hallum cut their price target on Luminar Technologies from $22.50 to $15.00 and set a "hold" rating for the company in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.