LUMINAR TECHNOLOGIES, INC.

(LAZR)
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Delayed Nasdaq  -  05/20 04:00:00 pm EDT
9.670 USD   -3.97%
05/19Northland Capital Adjusts Luminar Technologies' Price Target to $13 from $23, Keeps Outperform Rating
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05/12INSIDER BUY : Luminar Technologies
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05/10INSIDER BUY : Luminar Technologies
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Luminar Technologies Shares Rise 10% After Partnership With Mercedes-Benz

01/20/2022 | 10:04am EDT

By Chris Wack


Luminar Technologies Inc. shares were up 10% to $14.78 after the company said it entered into a partnership with Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars.

Luminar said its Iris lidar technology, which is currently being prepared for series production, is expected to improve vehicle safety and the technical capabilities of highly automated driving systems.

The company said the partnership represents a major commercial win as it continues to execute toward series production.

Luminar stock hit its 52-week low of $13.42 on Wednesday.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

01-20-22 1004ET

All news about LUMINAR TECHNOLOGIES, INC.
05/19Northland Capital Adjusts Luminar Technologies' Price Target to $13 from $23, Keeps Out..
MT
05/12INSIDER BUY : Luminar Technologies
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05/10INSIDER BUY : Luminar Technologies
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05/09Berenberg Bank Adjusts Luminar Technologies' Price Target to $10 From $12, Maintains Ho..
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05/06LUMINAR TECHNOLOGIES, INC./DE Management's Discussion and Analysis of Financial Condit..
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05/05Luminar Technologies, Inc. Provides Earnings Guidance for the Full Year 2022
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05/05TRANSCRIPT : Luminar Technologies, Inc., Q1 2022 Earnings Call, May 05, 2022
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05/05Earnings Flash (LAZR) LUMINAR Reports Q1 Revenue $6.9M, vs. Street Est of $8.36M
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05/05Earnings Flash (LAZR) LUMINAR Posts Q1 Loss $-0.16, vs. Street Est of $-0.13
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05/05Luminar Provides Business Update and Q1 2022 Financials
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Analyst Recommendations on LUMINAR TECHNOLOGIES, INC.
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Financials (USD)
Sales 2022 41,9 M - -
Net income 2022 -301 M - -
Net Debt 2022 249 M - -
P/E ratio 2022 -11,2x
Yield 2022 -
Capitalization 3 381 M 3 381 M -
EV / Sales 2022 86,6x
EV / Sales 2023 28,0x
Nbr of Employees 500
Free-Float 61,3%
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Technical analysis trends LUMINAR TECHNOLOGIES, INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 9,67 $
Average target price 19,23 $
Spread / Average Target 98,9%
EPS Revisions
Managers and Directors
Austin Russell Chairman, President & Chief Executive Officer
Thomas J. Fennimore Chief Financial Officer
Sardar Gautham Vice President-Business Operations & Alignment
Alec E. Gores Independent Director
Matthew J. Simoncini Independent Director
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