![]() The price cut was directed toward shareholders of Luminar Technologies. gave the stock an “overweight” rating on Tuesday. Even though they lowered their price objective for Luminar Technologies shares from $30.00 to $16.00, the analysts at JPMorgan Chase & Co. Along with the report, a discount was also applied to the price. The research report on Luminar Technologies that Northland Securities produced on September 22 reflected the firm’s downgrade of the company from “outperform” to “market perform,” as well as the firm’s reduction of their price objective from $13.00 to $10.00. The previous rating was “buy,” and the price objective was $21.00. In a report distributed on December 7, Citigroup lowered its “buy” rating and price objective for Luminar Technologies from $21.00 to $20.00. In addition, the Goldman Sachs Group’s price target for Luminar Technologies has increased from $7.00 to $8.00, as stated in a report published on Friday, November 4.Īdditionally, the company was given a rating of “neutral” by the investment bank. They gave the stock a ” neutral ” rating and predicted it would reach $8.00 in price over the next twelve months. The report stated that they had begun coverage of the company’s shares. First, Rosenblatt Securities released a report on Luminar Technologies’ shares on Monday, October 24. The most recent events are the primary focus of these reports. Recent studies on the company’s stock have been authored by multiple equity research specialists, who published their findings. Luminar Technologies is expected to report a loss of -1.2 cents on each share during the current fiscal year, according to predictions made by analysts who follow the stock market. The revenue for the quarter came in at $12.79 million, which is significantly higher than the average prediction of $9.15 million made by the market. The return on equity for Luminar Technologies was negative by 328.76%, and the company’s net margin was negative by 894.68%. The revenue for the quarter came in at $12.79 million, which is significantly higher than the average prediction of $9.15 million made by the market the company would report for the period. ![]() The company reported a loss of $0.33 per share for the period, which was greater than the loss of $0.29 per share that the analysts had anticipated the company would report. The most recent quarterly earnings report for Luminar Technologies, found under the symbol LAZR on the NASDAQ, was published on November 2. This represents a 111% increase in volume when contrasted with the daily average volume of 67,405 traded options. Put options for a total of 142,036 shares of the company’s stock were purchased by investors. On Thursday, unusually high activity levels were seen in the options market for Luminar Technologies, Inc.
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