Luminar Technologies (LAZR) to Release Quarterly Earnings on Monday

Luminar Technologies (NASDAQ:LAZR) will post its quarterly earnings results after the market closes on Monday, November 11th. Analysts expect Luminar Technologies to post earnings of ($0.22) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Luminar Technologies Trading Down 1.4 %

Luminar Technologies stock opened at $0.88 on Friday. The firm has a market capitalization of $433.87 million, a P/E ratio of -0.68 and a beta of 1.61. The stock has a fifty day moving average price of $0.85 and a 200 day moving average price of $1.26. Luminar Technologies has a 52 week low of $0.73 and a 52 week high of $3.69.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LAZR. Westpark Capital restated a “buy” rating and set a $9.00 price target on shares of Luminar Technologies in a research note on Tuesday, August 6th. JPMorgan Chase & Co. cut their price objective on Luminar Technologies from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Citigroup lowered their target price on Luminar Technologies from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $1.00 price target on shares of Luminar Technologies in a research note on Tuesday, September 10th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $2.00 price objective on shares of Luminar Technologies in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Luminar Technologies currently has an average rating of “Hold” and an average target price of $3.74.

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.