LAZR Stock Price Prediction (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Luminar Technologies Fundamentals, Businesses and more.
In this article we are going to talk about Luminar Technologies stock and Luminar Technologies Stock Price Prediction.
As we know, this is a small cap stock which can grow very well in future. But due to its financial and fundamentals not being correct, it has seen a lot of decline. So in this article we will know whether, this stock will give good returns in future or not?
Hey friends, I am Drishti and I have expertise in stock forecast. So this article is going to be a lot of informative because we are going to do a detailed analysis of LAZR Stock. Along with this, we will also try to forecast LAZR Stock, so stay tuned till the end of this article.
About (LAZR) Luminar Technologies
Luminar Technologies is a leading autonomous vehicle technology company that specialises in lidar (Light Detection and Ranging) systems. Lidar is a remote sensing technology that uses lasers to measure distances and create detailed, high-resolution maps of the surrounding environment.
Luminar was founded in 2012 by Austin Russell, who was just 17 years old at that time. The company gained prominence for developing advanced lidar sensors specifically designed for self-driving cars. Luminar Technologies lidar sensors use a longer wavelength of light than traditional lidar systems, which allows for greater range and resolution, enabling more accurate detection and identification of objects in the vehicle’s vicinity.
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Luminar Technologies (LAZR) Financial Trends
If we talk about the Revenue and Profit of Luminar Technologies (LAZR) Company then –
There was a revenue of $0 Million in 2020 and a profit of $5.45 Million . In the same 2021, there was a profit of $-369 Million with a revenue of $13.95 Million. And this year i.e. in 2022 there has been a profit of $-238 Million with a revenue of $31.94 Million.
LAZR Stock Price Prediction Table
| Year | Minimum Price | Maximum Price |
|---|---|---|
| LAZR Stock Price Prediction 2023 | $6.9 | $7.0 |
| LAZR Stock Price Prediction 2024 | $7.3 | $7.5 |
| LAZR Stock Price Prediction 2025 | $8.2 | $8.6 |
| LAZR Stock Price Prediction 2026 | $9.2 | $9.4 |
| LAZR Stock Price Prediction 2027 | $10.3 | $10.9 |
| LAZR Stock Price Prediction 2028 | $12.5 | $13.5 |
| LAZR Stock Price Prediction 2029 | $15.7 | $18.3 |
| LAZR Stock Price Prediction 2030 | $21.9 | $24.6 |
For more details about LAZR Stock, you can watch this video –
LAZR Stock Price Prediction 2023
This company is growing almost decently and has also given decent returns. It has given returns of 18% in the last one year, while in the last six month it has given very good returns of 40%. And it is being predicted that this stock can give 46% to 48% returns this year. That is, the minimum and maximum LAZR Stock Price Prediction 2023 will be $6.9 and $7 respectively.
LAZR Stock Price Prediction 2024
If we look at its all time returns i.e. from March 2019 it has given negative returns of 30% which is very bad returns. This is happening due to poor financials and fundamentals of Luminar Technologies stock. It is being told that if the financial report of the company is not good, then there will be a lot of decline in this stock. So coming to the point, LAZR Stock Price Prediction 2024 will be $7.3 and maximum price can goes upto $7.5.
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LAZR Stock Price Prediction 2025
If we look at its financials then in 2021 and 2022 there was a lot of loss. The loss of this company was $ 238 million in 2022, while in 2021 its loss was $ 369 million. And it is being forecasted by experts that its financials can be good till 2025. So, the price that has been forecasted by us, that is LAZR Stock Price Prediction 2025 will be $8.2 and maximum price can be $8.6. So, if you want to invest in this stock then once definitely look its financial trends.
LAZR Stock Price Prediction 2030
Looking at the fundamentals of the company, it is very bad as it has a book value of -0.22. Same its EPS is -0.40 and its P/E ratio is -5.1, and it is not considered good to have any such fundamentals negative. So, considering these, LAZR Stock Price Prediction 2030 can be $21.9 and maximum price can be $24.6. So if you invest in it, make sure that its fundamentals improve a bit.
Conclusion
The price prediction of Luminar Technologies that is being told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price forecast of Luminar Technologies is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.
I have written this article i.e. LAZR Stock Price Prediction 2023, 2024, 2025, 2026, 2030 on the request of you people only, so if you also want to know about any other share, then you can comment. We will definitely discuss about that in the upcoming article. If you have any questions regarding this than you can comment below, we will definitely try to reply you best.
FAQs
What is Luminar Technologies Stock 5 year forecast?
According to our analysis the Luminar Technologies Stock price forecast after 5 years will be $12.5 and $13.5.
Is Luminar Technologies a debt free company?
No, Luminar Technologies has a Debt of Approximately $0.63 Billion.
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