Short sellers have thrived Luminar has been a boom for short-sellers as its stock has plummeted hard in the past few years. After peaking at $47.78 in December 2020, the LAZR stock has plunged by over 96%, bringing its market cap from a record high of $14.15 billion to less than $600 million today. This performance has benefited shorts since Luminar is one of the most shorted companies in Wall Street with a short interest of 26.56%. Short sellers borrow a stock, sell it, and then buy it back at a lower pric ...

Shares of the company witnessed a loss of 8.55% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 3.02% and the S&P 500's gain of 3.15%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.64 per share and a revenue of $109.92 million, indicating changes of +26.44% and +57.53%, respectively, from the former year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To c ...

NEW YORK, June 20, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Luminar Technologies, Inc. (NASDAQ: LAZR) on behalf of the company's shareholders. The investigation seeks to determine whether Luminar Technologies's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Luminar Technologies, Inc. and are interested in obtaining additional information about your rights and options, please visit us at: https://pjlfir ...

How can you achieve direct exposure to self-driving technology at a lost cost? The first step is to conduct your due diligence on Luminar Technologies (NASDAQ:LAZR). Luminar Technologies is improving, which is important. Luminar Technologies stock is currently undervalued and should not be overlooked. Just to recap, Luminar Technologies specializes in lidar, which is short for light detection and ranging technology. As Reuters explained, lidar uses sensors to create "a three-dimensional map of the road" to ...

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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

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 March 31, 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- ...

Luminar (NASDAQ:LAZR) stock is up on Wednesday as investors look to Tesla (NASDAQ:TSLA) as its savior during its latest earnings report.The lidar company’s earnings report for the first quarter of 2024 notes that electric vehicle maker (EV) Tesla is its largest customer. That resulted in Tesla orders making up more than $2 million, or roughly 10%, of the company’s revenue.While the details of the relationship between Luminar and Tesla haven’t been revealed, the two companies have been working together since ...

Luminar (NASDAQ: LAZR) stock price has imploded. After soaring to a record high of $47.78 in 2021, it has become a penny stock trading at $1.65. Along the way, its market cap has dropped from a record high of over $13.5 billion to $745 million. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Cash burning machineCopy link to sectionLuminar Technologies has been one of the top cash incinerators in the technology industry. That is understandable since th ...

Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.20, delivering a surprise of -5.26%.Over the last four quarters, the company h ...