The latest trading session saw Luminar Technologies, Inc. (LAZR) ending at $0.91, denoting a -0.94% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.13%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 0.39%. Prior to today's trading, shares of the company had lost 9.97% over the past month. This has lagged the AutoTires-Trucks sector's gain of 10.12% and the S&P 500's gain of 2.43% in that time. The upcoming earnings release of Luminar Technologie ...

Can trade protections save the company? Shares of Luminar Technologies (LAZR 14.06%) jumped as much as 17.9% in trading on Tuesday after news broke that the Biden administration proposed new restrictions on Russian and Chinese vehicle software. Shares are up 15.4% near the close of the trading day. New protections in the auto business The U.S. Department of Commerce has proposed banning vehicle software that comes from China or Russia, as well as the hardware that could enable autonomous driving. This could ...

The latest trading session saw Luminar Technologies, Inc. (LAZR) ending at $0.79, denoting a -0.03% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.7% for the day. On the other hand, the Dow registered a gain of 1.26%, and the technology-centric Nasdaq increased by 2.51%. The the stock of company has fallen by 18.92% in the past month, lagging the Auto-Tires-Trucks sector's gain of 2.47% and the S&P 500's gain of 1.27%. Market participants will be clos ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Luminar Technologies, Inc. (LAZR) . Luminar Technologies currently has an ...

Shares of Luminar Technologies, Inc. (LAZR) have been struggling lately and have lost 39.7% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts ...

Luminar Technologies, Inc. (LAZR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38791 LUMINAR TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 83-1804317 (St ...

After today's big sell-off, Luminar stock is down 74% in 2024. Luminar Technologies (LAZR -37.36%) stock crashed in Wednesday's trading. The company's share price closed out the daily session down 37.4%, according to data from S&P Global Market Intelligence. Luminar published second-quarter results after the market closed yesterday, and delivered sales and earnings for the period that missed expectations. In addition to the Q2 misses, the company issued guidance that worried the market. With today's big sel ...

Paul Bradbury/OJO Images via Getty Images Investing in new technology companies can be very frustrating. A lot of times, there seems to be a great future ahead, but things don't always work out on time. A good example of this is automotive technology company Luminar Technologies, Inc. (NASDAQ:LAZR). The LIDAR firm has continually missed growth targets for its large revenue ramp, sending shares crashing in recent years. After the bell on Tuesday, the company announced the latest delay in its plans, along wit ...