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

Luminar Technologies (NASDAQ:LAZR) is expected to issue its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

Luminar Technologies Trading Down 12.1 %

Shares of Luminar Technologies stock opened at $6.16 on Monday. The firm has a market capitalization of $205.19 million, a PE ratio of -0.46 and a beta of 1.62. Luminar Technologies has a twelve month low of $4.93 and a twelve month high of $38.25. The firm’s 50-day moving average price is $6.18 and its 200 day moving average price is $10.24.

Analysts Set New Price Targets

A number of research firms have commented on LAZR. The Goldman Sachs Group cut their price objective on shares of Luminar Technologies from $11.25 to $7.50 and set a “sell” rating for the company in a report on Thursday, November 14th. Craig Hallum cut their price target on shares of Luminar Technologies from $22.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Two investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.