Luminar Technologies (LAZR) to Release Quarterly Earnings on Monday

Luminar Technologies (NASDAQ:LAZR) will be announcing its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter. Persons interested in registering for 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. Luminar Technologies has a 12-month low of $0.73 and a 12-month high of $3.69. The firm has a 50 day moving average of $0.85 and a 200 day moving average of $1.26. The firm has a market capitalization of $433.87 million, a price-to-earnings ratio of -0.68 and a beta of 1.61.

Analysts Set New Price Targets

LAZR has been the topic of several research reports. JPMorgan Chase & Co. cut their price target 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. Rosenblatt Securities reissued a “neutral” rating and issued a $2.00 price target on shares of Luminar Technologies in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $1.00 target price on shares of Luminar Technologies in a research note on Tuesday, September 10th. Westpark Capital reaffirmed a “buy” rating and issued a $9.00 target price on shares of Luminar Technologies in a research note on Tuesday, August 6th. Finally, Citigroup lowered their price target on Luminar Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Luminar Technologies presently has an average rating of “Hold” and a consensus 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.