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Lazr

Does lidar have a future? LAZRLuminar Technologies, Inc. - the company operates in two segments: developing sensors and software for cars and commercial trucks, and creating integrated circuits for government agencies and defense contractors. In the first segment, the company develops, manufactures and sells lidar sensors and related software for use in driver assistance systems, building autonomous driving systems. Founded in 2012 Headquartered in Orlando, Florida. Revenue $ 8 million (III quarter of 2021). Capitalization $ 5.25 billion Luminar announced at the November 9 NVIDIA GPU Technology Conference (GTC) that it has been selected as the supplier of lidars for NVIDIA's AI-powered autonomous driving system. The DRIVE Hyperion AI vehicle platform is slated to launch in 2024. Stocks reacted with growth of 20% (during the session, the growth reached 40%). Lidar (laser radar) is considered by most automakers to be one of the key technologies for self-driving. With Luminar technology, Nvidia has everything it needs to build a system: sensors, computing hardware, and software. However, Tesla has abandoned the use of lidar in its system; at Elon Musk's company, the autonomous driving system is built on cameras and a radar, the focus is on computer vision. And lidar, as the founder of the company said, is a waste of time and everyone who rely on it is doomed and that expensive sensors are not needed. Investors do not yet have much faith in the future of technology either. The partnership with one of the world's leading computational developers holds great promise for Luminar, as the autonomous driving market will reach hundreds of billions of dollars in the future. Given a modest capitalization of $ 5.25 billion, Luminar shares have every chance of showing multiple growth over 5-10 years if Nvidia's platform succeeds with Luminar technology on board. According to the results of the III quarter. revenue increased by 89% year-on-year to $ 8 million against the forecast of $ 8.89 million. Total operating expenses more than tripled YoY to $ 67.4 million. Wall Street analysts are cautiously optimistic about the $ LAZR stock, with a Moderate Buy consensus. Average target price - $ 26 (upside 80%). 🔧 Trade to bounce off the support level ($ 14). The instrument approached a strong support level at the daily and weekly TF. 1) Approaching the level through a deep retracement from the moment of the previous touch. 2) Buyback from the level, closing the instrument not under LOW. 3) Approach with a long candle. 4) No recoil fall> 35%. I expect a rebound from the level and the formation of a local rebound. Long from $ 14.25-14.5 Goal 1: $ 15.9 Goal 2: $ 16.9 Stop below $ 14 NOT IRR.
NASDAQ:LAZRLong
by Trader_Ivankov
LAZR - Hot Cake 🍪-Wall Street analysts predict that Luminar Technologies, Inc. (NASDAQ:LAZR) will post $6.38 million in sales for the current quarter. The lowest sales estimate is $6.00 million and the highest is $6.75 million. The company is scheduled to announce its next quarterly earnings results on Thursday, August 5th. -On average, analysts expect that Luminar Technologies will report full year sales of $27.29 million for the current year, with estimates ranging from $26.30 million to $28.06 million. For the next financial year, analysts expect that the business will post sales of $38.33 million, with estimates ranging from $35.00 million to $45.00 million. -Luminar Technologies (NASDAQ:LAZR) last posted its earnings results on Thursday, May 13th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $5.31 million for the quarter, compared to analysts' expectations of $5.00 million. -Bank of America started coverage on Luminar Technologies in a research note on Monday, April 26th. They set a "neutral" rating on the stock. Berenberg Bank began coverage on Luminar Technologies in a research note on Tuesday, May 25th. They issued a "hold" rating and a $18.00 price objective for the company. Northland Securities upgraded shares of Luminar Technologies from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, March 12th. Finally, Craig Hallum assumed coverage on shares of Luminar Technologies in a research report on Thursday, March 25th. They issued a "hold" rating and a $24.00 price target for the company.
NASDAQ:LAZRLong
by caldooninvestment
15
LUMINAR finally seems to want to go backMy advisor Marketmiracle gave an input signal on the stock LUMINAR $LAZR at the price of USD 21.05 with a target of 44.26 USD and a potential profit of 110 % A definitely succulent dish supported by the fact that LUMINAR is in fact a fast growing company in the field of new technologies that produces automatic systems for motor vehicles. The stock was targeted by large funds and was sold at a low price for months. Now a return of interest taken over by Marketmiracle that is based on capital flows could well lead to a short squeeze with a rapid rise in prices. I expect at least a price trend similar to the one I designed with two possible targets but also the possibility of reaching the target indicated by the advisor or 44 usd I went in there. This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
NASDAQ:LAZRLong
by MarketMiracleAdvisor
1
LAZR (was GMHI Pre-SPAC) *BIG GAMBLE*Rumors of Apple using Luminar hardware, even if Apple ultimately settles on licensing some tech and building its own sensors, will likely send this one higher on speculation. I also like the coincidental timing with the current Symmetrical Triangle. Will we see it break up? I think so but I also detailed the chart with technical levels to be aware of. I did link my chart from this one Pre-SPAC when it traded under GMHI. I no longer hold any of this one. Cheers!
NASDAQ:LAZRLong
by rolledchange
LUMINAR - Lets Fly ✈️Luminar is one of the top Lidar Technology companies that been applied for an IPO. Recently they closed a deal with Daimler Truck (The parent company of the Mercedes-Benz). What is more attractive is that their Income statement grew by 24,862.07% from 2018 to 2019 and their Cash Flow went from -122.51K in 2018 to +6.76 million (5,620.22% increase) in 2019. Looks very bullish! We have added more shares today to our LAZR portfolio. Let's wait and see! Entry Point: Current Market Price
NASDAQ:LAZRLong
by caldooninvestment
16