How to buy Luminar Technologies (LAZR) stock

Automotive AI company Luminar went public this week via a SPAC offering with Gores Metropoulos. Here's what we know and how investors can buy in.

Luminar Technologies stock price (NASDAQ: LAZR)

Use our graph to track the performance of LAZR stocks over time.

Luminar Technologies shares at a glance

• Key figures

Information last updated 2021-07-23.

Latest market close	$20.51
52-week range	$9.95 - $47.80
50-day moving average	$21.89
200-day moving average	$25.35
Wall St. target price	$29.25
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	N/A

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Is it a good time to buy Luminar Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Luminar Technologies, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Luminar Technologies price performance over time

Historical closes compared with the close of $20.51 from 2021-05-28

1 week (2021-07-14)	N/A
1 month (2021-06-25)	-15.49%
3 months (2021-04-21)	N/A
6 months (2021-01-21)	N/A

1 year (2020-07-21)	N/A
2 years (2019-07-21)	N/A
3 years (2018-07-21)	N/A
5 years (2016-07-21)	N/A

Luminar Technologies financials

Revenue TTM	$15.4 million
Gross profit TTM	$-11,001,000
Return on assets TTM	-18.05%
Return on equity TTM	-129.44%
Profit margin	0%
Book value	$1.67
Market capitalisation	$6.1 billion

TTM: trailing 12 months

Shorting Luminar Technologies shares

There are currently 22.7 million Luminar Technologies shares held short by investors – that's known as Luminar Technologies's "short interest". This figure is 8.6% down from 24.8 million last month.

There are a few different ways that this level of interest in shorting Luminar Technologies shares can be evaluated.

Luminar Technologies's "short interest ratio" (SIR)

Luminar Technologies's "short interest ratio" (SIR) is the quantity of Luminar Technologies shares currently shorted divided by the average quantity of Luminar Technologies shares traded daily (recently around 6.4 million). Luminar Technologies's SIR currently stands at 3.55. In other words for every 100,000 Luminar Technologies shares traded daily on the market, roughly 3550 shares are currently held short.

To gain some more context, you can compare Luminar Technologies's short interest ratio against those of similar companies.

• Aptiv (APTV.US): 2.34
• Velodyne Lidar (VLDR.US): 2.97
• Autoliv (ALV.US): 3.54

However Luminar Technologies's short interest can also be evaluated against the total number of Luminar Technologies shares, or, against the total number of tradable Luminar Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Luminar Technologies's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Luminar Technologies shares in existence, roughly 70 shares are currently held short) or 0.1104% of the tradable shares (for every 100,000 tradable Luminar Technologies shares, roughly 110 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Luminar Technologies.

Find out more about how you can short Luminar Technologies stock.

Luminar Technologies share dividends

We're not expecting Luminar Technologies to pay a dividend over the next 12 months.

You may also wish to consider:

• Autoliv (ALV.US) (0.67% forward annual dividend yield)

Luminar Technologies overview

Luminar Technologies, Inc. operates as a vehicle sensor and software company for passenger cars and commercial trucks. The company operates in two segments, Autonomy Solutions and Other Component Sales. The Autonomy Solutions segment designs, manufactures, and sells lidar sensors, and related perception and autonomy software solutions for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and other related industries. The Other Component Sales segment engages in the designing, testing, and consulting of non-standard integrated circuits for government agencies and defense contractors. The company was founded in 2012 and is headquartered in Orlando, Florida. .

Frequently asked questions

What percentage of Luminar Technologies is owned by insiders or institutions?
Currently 17.278% of Luminar Technologies shares are held by insiders and 24.764% by institutions. How many people work for Luminar Technologies?
Latest data suggests 400 work at Luminar Technologies. When does the fiscal year end for Luminar Technologies?
Luminar Technologies's fiscal year ends in December. Where is Luminar Technologies based?
Luminar Technologies's address is: 2603 Discovery Drive, Orlando, FL, United States, 32826