Analysts rate Luminar Technologies (LAZR:NSD) with a Strong Buy rating and a $16 target

STA Research
by: STA Research
Luminar Technologies Stock

Based on the Luminar Technologies stock forecast from 11 analysts, the average analyst target price for Luminar Technologies is USD 16.36 over the next 12 months. Luminar Technologies’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of LAZR stock forecast is Bearish, which is based on 1 positive signal and 8 negative signals. At the last closing, Luminar Technologies stock price was USD 9.53Luminar Technologies stock price has changed by +0.71% over the past week, +0.03% over the past month and -43.81% over the last year.

 

About Luminar Technologies (LAZR:NSD):

Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Component segment develops ultra-sensitive pixel-based sensors. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.

 

What we like:

High market capitalization

Luminar Technologies Stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

 

What we don’t like:

Poor risk-adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns

The average income yield of Luminar Technologies stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to book value

Luminar Technologies stock priceis trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.

Low Earnings Growth

Luminar Technologies stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector.

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