Growth stocks that are still in development and/or early ramp-up phase, like Luminar, have been dealt the worst blow amidst this year’s broad-market selloff. But for now, volatility will remain the theme given the stock’s classification as a high-risk, duration investment, especially as investors digest potential impacts of a looming global recession. This includes the upcoming launch and production of the Luminar-equipped Polestar 3 SUV ( GGPI) by the Volvo-backed, Swedish premium electric vehicle (“EV”) maker in late 2022/early 2023.
We believe a key near-term catalyst for the stock would include mass deployment of Luminar’s technology across major connected vehicle markets in order to drive brand traction and awareness. Yet, a consistent positive track record that demonstrates the viability of Luminar’s technology is still lacking, which is especially important under the current macro environment in order to restore investors’ confidence in the company’s long-term growth outlook. The headwinds have together amplified pains for Luminar’s market performance this year, with little respite in sight.Īs one of the leading LIDAR developers in the industry, with its technology designed for a wide range of applications from passenger vehicles to commercial trucks, Luminar remains well-positioned for significant growth opportunities in the long-run from a fundamental perspective. Meanwhile, companies that have gone public over the last two years through a reverse SPAC merger, like Luminar, are also facing increasing regulatory scrutiny, which has further deterred investors’ confidence. The dire macroeconomic outlook, clouded by record inflation and tightening monetary policies that risk an imminent recession have caused investors to shun growth stocks, given their real returns are the furthest out. Now trading at just a little more than $7.50 apiece, the stock has plunged more than 50% on a year-to-date basis, underperforming the broader market amidst a risk-off environment for equities, although still not as bad as others within its peer group ( VLDR : -70%+ YTD OUST : -60%+ YTD). More than 80% of Luminar’s ( NASDAQ: LAZR) market value has evaporated since it peaked above $40 per share following the merger with Gores Metropoulos SPAC in December 2020.
This happens once a day.JHVEPhoto/iStock Editorial via Getty Images The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Luminar Technologies shares. Luminar Technologies stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. We forecast Luminar Technologies stock performance using neural networks based on historical data on Luminar Technologies stocks.Īlso, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. What is the future of Luminar Technologies stock?
What are analysts' forecasts for Luminar Technologies stock? When should I record a loss on Luminar Technologies stock? When should I take profit in Luminar Technologies stock? How much will one Luminar Technologies share be worth in If yes, then on this page you will find useful information about the dynamics of the Luminar Technologies stocks and want to buy them, or are they already in your portfolio? Are you interested in Luminar Technologies, Inc.
0 kommentar(er)
