Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 33% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is -$0.22 on $16.37 million in revenues for the coming quarter and -$0.77 on $42.38 million in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to perform in line with the market in the near future. LAS VEGAS, Janu- ( BUSINESS WIRE )-Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced more commercial momentum at the end of 2022 than. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Luminar, a leading maker of laser lidar for self-driving and semi-automated vehicles, is accused of passing off a next-generation chip design created by a rival as its own technology after. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Luminar Technologies, Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. (NASDAQ:LAZR) saw shorts transact 68.03 million shares and set a 6.78 days time to cover.There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Short interest in Luminar Technologies Inc. With these gigs, the year-to-date price performance is 18.79%. The 5-day price performance for the stock is -8.98%, and -36.02% over 30 days. The stock hit a weekly high of 6.74 this Wednesday, 04/05/23, dropping -2.97% in its intraday price action. (LAZR) has traded red over the past five days. (NASDAQ:LAZR) trade informationĪfter registering a -2.97% downside in the last session, Luminar Technologies Inc. To unlock this exclusive list, simply provide your first name, last name, and email for instant access. Unlock the Hottest Top 10 Penny Stocks Today! Discover Nowĭive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. Maximizing success through quality solutions. Estimates put the company’s current-quarter earnings per share at -$0.21. 0 analyst(s) have given it an Underweight rating. 1 of those analysts rate the stock as Overweight while 3 advise Hold as 7 recommend it as a Buy. Of 12 analyst(s) looking at the stock, 1 analyst(s) give LAZR a Sell rating. (LAZR), translating to a mean rating of 2.20. The company has a valuation of $2.10B, with an average of 9.47 million shares in intraday trading volume over the past 10 days and average of 13.01 million shares over the past 3 months.Īnalysts have given a consensus recommendation of an Overweight for Luminar Technologies Inc. The LAZR share’s 52-week high remains $16.40, putting it -178.91% down since that peak but still an impressive 33.5% since price per share fell to its 52-week low of $3.91. At the close of trading, the stock’s price was $5.88, to imply a decrease of -2.97% or -$0.18 in intraday trading. (NASDAQ:LAZR)’s traded shares stood at 6.52 million during the last session, with the company’s beta value hitting 1.60. Quarterly Net Income 0 0 -40M -80M -120M -160M Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022 More Overview Stocks: Real-time U.S.
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