That’s hard to say, exactly. luminartech.com | Autonomous Technologies | Founded: 2015 | Funding to Date: $130,000,000 Developer of a vehicle sensor intended to make automotive autonomy safe and ubiquitous. Closing stock price (23-Dec-2020) 35.2: Luminar Technologies's current market capitalization is $11.4 b. 30 : 50 : Products. See Also: Citron Calls Luminar Technologies A 'Suckers Game,' Sets $20 Price Target. And Tristan Gerra initiated a rating at a “hold” for the company stock. Advanced Perception Our technology enables both detection and classification of objects out to 250 meters, from cars to lanes. Luminar Technologies Operating Metrics. LIDAR stock quote, chart and news. Luminar had a … Twitter. The company's sensor bounces lasers off of the environment, uses the speed of light, calculates distances to each measured point which is used to construct 3D environment models, enabling … In pre-market trading ahead of its December 3 debut on the exchange, the LAZR stock rose in value from its listing price of $18 to around $22. We even understand what "dark" objects are at night, like a black car or a tire on the road that has minimal reflectivity. Luminar Technologies (NASDAQ:LAZR), the lidar-sensor maker, entered December trading at $24 on a one-way ticket to $40. "Luminar represents a rare opportunity to invest in the leading player in autonomous-driving technology for cars and trucks," Metropoulos Chief Executive Alec Gores said. What price would be nice for Luminar stock? SPAC IPOs are the new trend for 2020. The real future of Luminar, at least in investor's eyes, is the autonomous driving technology that is coming down the pipeline. Luminar's stock price took a dive last Tuesday after a Reuters report suggested that key partner Mobileye might develop its own lidar units in-house, for use starting in 2025. LAZR: Get the latest Luminar Technologies stock price and detailed information including LAZR news, historical charts and realtime prices. Get Luminar Technologies Inc (LAZR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Luminar Technologies, Inc. is an autonomous vehicle sensor and Lidar technology company, which designs, builds, and sells long-range lidar products that address the requirements of global automotive OEMs and technology companies for autonomous driving. Founder Russell, a SPAC Brings Luminar Technologies Stock. EquityZen is a marketplace for shares of proven pre IPO tech companies. Problem is, at its present market capitalization, Richard observes that Luminar stock costs “6x” the value of the entire automotive lidar market. Lidar startup Luminar goes public, sends share prices soaring. Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. Elon Musk criticized the technology, saying "Anyone relying on lidar is doomed," in 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Request Access. By. About Luminar Stock. The high price target for LAZR is $41.00 and the low price target for LAZR is $30.00. Luminar went public through a SPAC earlier this month, and it's up over 172% since then. Mobileye won't catch Luminar in LiDAR tech anytime soon, if ever, so take advantage of recent weakness in LAZR stock. Institutional support Completion of the reverse merger deal means that Luminar has raised close to $590 million cash in total, comprising $406 million direct from Gores Metropoulos, and $184 million in financing proceeds from the public listing. This price target is based on 3 analysts offering 12 month price targets for Luminar Technologies in the last 3 months. On the bright side, the quality of companies on offer seems to be increasing (Desktop Metal just let us know they’re possibly going public via a SPAC), and we’re seeing less of a surge in share price when news breaks of a possible deal to close many months from now (The SPAC that Luminar is backing into, Gores Metropoulos, is seeing shares up only +10% after the initial press release.) WhatsApp . News Desk - 12/07/2020 2 Minutes Read. LAZR stock price forecast. The merger is expected to close in 2020’s fourth quarter. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. Company profile page for Lazr Inc including stock price, company news, press releases, executives, board members, and contact information Luminar went public through a reverse merger with SPAC Gores Metropoulos. Stock analysis for Luminar Technologies Inc (LAZR:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Luminar Stock. Buy or sell Luminar stock pre IPO via an EquityZen fund . It then climbed 82% in three days to close at an all-time high of US$41.80 on 08 December. Share. Pinterest. Luminar Stock. Their average twelve-month price target is $37.60, predicting that the stock has a possible upside of 22.60%. It's impossible to be sure what drives market prices. The Luminar Technologies IPO brings another company that’s promising it’s a part of the future of the auto industry. Luminar Technologies Acquisitions / Subsidiaries. The average price target represents a 14.29% upside from the last price of $31.50. Gerra had called Luminar a speculative investment due to the high number of uncertainties. Luminar and another lidar company, Velodyne, have now joined the SPAC bonanza. Show all financial metrics. In Richard’s view, lidar will eventually play a role in self-driving automobiles, and the “lidar market” could be worth as much as $2.5 billion by 2025. Gores' last share price before the merger was about 80% above its February 2019 IPO value and 58% above its price on the day the Luminar merger plans were announced. Luminar is a breakout autonomous vehicle sensor company that came out of stealth after five years in development. Luminar’s share price surged nearly 28 percent on its Thursday debut to close at $22.98, giving the company a market value of about $7.8 billion, the Wall Street Journal reported. 2 : Patents (US) 82 : Patent Applications (US) 92 : Show all operating metrics. The merger agreement between Gores and Luminar and the most recent 10-Q describe the valuation of the merged company as $2.95 billion when GMHI shares traded at $10.00. Jul, 2019 May, 2020; Partners. Luminar Technologies Inc. started trading as a public company on Thursday under the ticker symbol LAZR, marking the second Silicon Valley firm to go public while working to deliver a key sensor for self-driving cars. And like many others investors saw this year, the company chose to offer Luminar Technologies stock through a SPAC IPO. Luminar, a company that makes lidar scanners - a laser-based technology that is used to detect nearby objects in self-driving cars - went public on Thursday. EquityZen is a marketplace for shares of proven pre IPO tech companies. Linkedin. The Autonomy Solutions segment engages in … Get today's Luminar stock price and latest LMR news as well as Luminar real-time stock quotes, technical analysis, full financials and more. It operates through the following segments: Autonomy Solutions and Other Component Sales. Why did Luminar’s share price dive? View More Companies. The hype appears to be subsiding on Luminar Technologies’ stellar Nasdaq start. Facebook. Luminaire Tech Share Price, Luminaire Tech Stock Price, Luminaire Technologies Ltd. Stock/Share prices, Luminaire Technologies Ltd. Live BSE/NSE, F&O Quote of Luminaire Technologies Ltd… The vehicle sensor maker went public on 03 December 2020 via a reverse merger with a special-purpose acquisition company (SPAC), finishing at US$22.98. The stock price of vehicle sensor and software company Luminar Technologies Inc (NASDAQ: LAZR) has received a price target of $30 by Baird. The average price target is $36.00, with a high forecast of $41.00 and a low forecast of $30.00. 5 Wall Street analysts have issued ratings and price targets for Luminar Technologies in the last 12 months. Get 's stock price today. Up over 172 % since then, the company chose to offer Technologies... Our technology enables both detection and classification of objects out to 250 meters, from to... Three days to close in 2020 ’ s promising it ’ s fourth.! 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