LAZR Stock Price Prediction: The future of automated driving is here, and Luminar Technologies Inc. is leading the pack with their revolutionary laser sensors and software used in autonomous vehicles. Investing in a company that’s on the cutting edge of technology can be exciting, but it also comes with its own set of risks.
In this blog post, we will dive deep into LAZR stock—the ticker symbol for Luminar Technologies Inc.—and provide you with an up-to-date forecast on its future price movements so you can make informed decisions as an investor.
We’ll take a look at what expert financial analysts are predicting for LAZR stock’s outlook alongside recent news developments from within the company to give investors a better idea of where this stock could be headed in 2023 and beyond.
LAZR stocks are currently traded at 6.09 USD. On the basis of financial data and performance, analysts expect LAZR stocks to underperform in the market in the upcoming years. However, its stocks are expected to recover in the long run.
Luminar Technologies, Inc. is an American autonomous vehicle technology company that provides sensors, software, and services to power autonomous vehicles.
The company’s technology includes lidar sensors and perception software that enables autonomous vehicles to detect, understand, and respond to their environment in real time. The company was founded in 2012 by Austin Russell and is headquartered in Orlando, Florida.
In December 2020, Luminar went public through a SPAC merger with Gores Metropoulos, a special purpose acquisition company. The company’s shares began trading on the New York Stock Exchange under the ticker symbol “LAZR”. Since its initial public offering, the stock price of Luminar has been volatile and subject to market fluctuations.
As a publicly traded company, Luminar is facing intense competition from other technology firms in the autonomous vehicle space, such as Tesla, Waymo, and Velodyne Lidar.
Nevertheless, the company is widely regarded as a leading player in the autonomous vehicle industry, with a strong team of engineers and partnerships with leading car manufacturers.
Financial Data & Performance
Market Capital
2.209B
Enterprise Value
2.86B
Shares Outstanding
265.67M
Float
235.15M
EPS (TTM)
-0.71
PE Ratio (TTM)
N/A
52 Week Range
3.91 – 16.80
200-Day Moving Average
7.82
Volume
8,861,320
Avg. Volume
7,887,315
Trailing P/E
N/A
Forward P/E
N/A
EBITDA
-366.59M
Profitability
Profit Margin
0.00%
Operating Margin (ttm)
-889.13%
Cash Flow Statement
Operating Cash Flow (ttm)
-187.72M
Levered Free Cash Flow (ttm)
-68.88M
Luminar Technologies “LAZR” Stock Forecast 2023, 2024, 2025, And 2026
LAZR Stock Price Prediction
LAZR Stock Price Prediction 2023
The current price of LAZR stock is 6.09 USD. It is anticipated that the LAZR stock price will be $7.63 by the end of 2023. The anticipated minimum and maximum price targets are 7.19 USD and 8.16 USD, respectively. With monthly expected price volatility of 11.892%, positive tendencies are expected to prevail for this period.
LAZR stocks by the end of 2024 will be worth 7.75 USD as predicted by analysts. The lowest price expected price target will be 7.33 USD and the highest will be 8.04 USD. Positive tendencies are expected to prevail for this period and the monthly expected price volatility is to be 8.898%.
LAZR Stock Price Prediction 2025
Luminar Technologies’ (LAZR) weighted average stock price will be 5.58 USD indicating a downfall. The lowest price expected price target will be 5.16 USD and the highest will be 6.10 USD. Negative tendencies are expected to prevail for this period and the monthly expected price volatility is to be 15.362%.
The weighted average stock price for Luminar Technologies (LAZR) will be 6.79 USD. The lowest and highest predicted price targets are 6.17 USD and 6.95 USD, respectively. For this time frame, it is anticipated that positive trends will predominate, with monthly predicted price volatility of 11.133%.
Is LAZR A Good Stock To Buy?
It can be deduced that the current outlook for LAZR stock is mixed. On one hand, the consensus rating for Luminar Technologies is Buy, which suggests that many analysts believe that the company is well-positioned for growth and success in the long run.
The average rating score of 2.50, which is based on a combination of 4 buy ratings, 4 hold ratings, and no sell ratings, supports this optimistic outlook.
However, in the short term, LAZR stocks are expected to underperform. This could be due to a number of factors, including market conditions, the current economic environment, or shifts in the competitive landscape.
Investors who are looking to make a quick return on their investment may want to consider other opportunities, as LAZR may not provide the returns they are seeking in the near term.
While LAZR stock may not be the best investment opportunity in the short term, it could offer good returns in the long run. If you are considering investing in LAZR, it’s important to do your research, carefully weigh the potential risks and rewards, and make an informed decision based on your individual investment goals and risk tolerance.
LAZR has potential in the long term, but it is a high-risk stock. Overall, Luminar is a company to keep an eye on as they continue to grow and innovate within the autonomous vehicle market. Their technology is impressive, and if they can gain traction with major automakers, their stock price will reflect that growth.
That was all on our analysis of LAZR Stock Price Prediction. Check back for more updates related to the stock market.
Shana Conzelman is a shrewd businesswoman with a keen eye for stock market investments. She is very particular about the stocks she chooses to invest in, and takes great care to learn as much as possible about each company's stock prediction more
