Luminar Technologies Inc (LAZR)

[JJ8]

Low Pole Reversal today.

It means an alert for a possible buy signal. We are not there yet. However,

Let's keep in mind that we are in a serious bear market. The Dailies have been in uptrend for the last 3 daily sessions. Unless Weekly also changes from downtrend to uptrend, there won't be a confirmation of the Dailies. We shall see.

Technical Analysis flip flops in such fast changing markets even on daily basis.. The signals are reversing themselves almost too fast for charting. I follow Tesla and they are getting bleaker by descending triple bottom breakdowns following each other in a week or two. Anyway,

Cheers & GLTY

[XenaLives]

LAZR rallied before the general BlackRock P&D rally, Three day chart used for smoothing as weekly chart is often painted, IMO. Daily chart below.

[XenaLives]

Historic short interest:


You can go to this link to check short interest in a stock:
http://nasdaqtrader.com/Trader.aspx?id=ShortInterest

Publication schedule is here:
http://nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch

 
   
  Settlement Date	Short Interest	Percent Change	  
  Average Daily Share Volume	Days to Cover  
    
  09/30/2022	51,835,132	(3.94)	9,479,393	5.47 
  09/15/2022	53,962,205	4.65	4,216,558	12.80 
  08/31/2022	51,563,930	(3.37)	5,603,712	9.20 
  08/15/2022	53,359,706	6.29	7,942,738	6.72 
  07/29/2022	50,203,701	2.47	4,646,133	10.81 
  07/15/2022	48,991,663	3.02	6,144,165	7.97 
  06/30/2022	47,555,753	12.06	9,952,245	4.78 
  06/15/2022	42,437,064	0.27	4,787,466	8.86 
  05/31/2022	42,321,981	5.82	5,443,843	7.77 
  05/13/2022	39,994,240	8.05	8,077,266	4.95 
  04/29/2022	37,015,515	6.21	4,258,195	8.69  
  04/14/2022	34,851,727	1.60	4,006,302	8.70  
  03/31/2022	34,302,508	(3.81)	3,527,731	9.72  
  03/15/2022	35,660,370	(2.73)	4,435,088	8.04  
  02/28/2022	36,660,502	0.02	4,275,193	8.58  
  02/15/2022	36,654,794	4.85	5,152,587	7.11  
  01/31/2022	34,960,099	12.00	12,988,554	2.69  
  01/14/2022	31,214,431	9.40	4,667,043	6.69  
  12/31/2021	28,531,899	50.48	5,170,956	5.52  
  12/15/2021	18,959,968	(4.61)	6,314,561	3.00  
  11/30/2021	19,876,928	(14.62)	4,816,541	4.13  
  11/15/2021	23,281,508	1.21	12,627,834	1.84  
  10/29/2021	23,002,454	(1.39)	2,188,511	10.51  
  10/15/2021	23,325,568	6.09	1,985,365	11.75  
  09/30/2021	21,985,689	0.18	2,866,220	7.67  
  09/15/2021	21,946,379	(6.58)	2,095,240	10.47  
  08/31/2021	23,492,189	15.09	4,189,182	5.61  
  08/13/2021	20,412,654	4.52	3,267,018	6.25  
  07/30/2021	19,530,826	0.43	2,978,611	6.56  
  07/15/2021	19,447,243	(14.18)	3,779,246	5.15  
  06/30/2021	22,659,534	(8.59)	6,584,990	3.44  
  06/15/2021	24,787,930	(22.71)	6,152,172	4.03  
  05/28/2021	32,072,669	8.73	5,240,967	6.12  
  05/14/2021	29,497,586	0.06	2,730,948	10.80  
      

[XenaLives]

Luminar Technologies

Luminar Technologies (LAZR) has also had a miserable year in the markets. It's down more than 61% YTD.
The pure-play Lidar (light detection and ranging) company’s products will be in many of the future autonomous-driving vehicles. At least, that’s the opinion of J.P. Morgan analysts.

In September, J.P. Morgan analyst Samik Chatterjee and the other analysts at the bank gave Luminar’s stock an Overweight rating. Chatterjee believes that the company’s focus on Level 3-plus applications will make it the leader in the industry by 2030.

The analyst projects 2030 revenue of $6 billion while earning $7.25 a share at the same time. That’s more than its current share price. Analysts, on the whole, have given LAZR stock a December 2023 target price of $30.

The LAZR Oct. 28 $7.50 call option has a volume of 50,220, 90.49x its open interest, indicating that someone has big hopes for the Lidar stock. It’s an exciting bet for aggressive investors.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170202806&txt2find=lazr

[XenaLives]

Back to a LT baseline... need to do more DD here.

[Zakarwarrior]

There sure is a lot of volatility.

[XenaLives]

One of the few stocks that did not participate in the BlackRock P&D rally:

[XenaLives]

Significant insider ownership:

 
 File Date	Form /Security	/ Prev Shares	 
 Current    Shares	/ Change  (Percent)    
  Ownership  (Percent)  /  Change  (Percent) 
  
 2022-05-06	13D/A	Russell Austin		97,088,670	97,243,670	0.16	27.80	3.35 
 2022-02-11	13G/A	GIC Private Ltd		11,450,912	11,423,709	-0.24	4.39	-16.06 
 2022-02-11	13G/A	AEG Holdings, LLC			6,133,651		2.30	 
 2022-02-10	13G	VANGUARD GROUP INC			18,914,450		7.28	 
 2021-08-02	13D	Wong Hing C			        15,255,618		42.70	 
  
 

https://fintel.io/so/us/lazr

[XenaLives]

Institutional interest rising:



https://fintel.io/so/us/lazr

[XenaLives]

Historic short interest:


You can go to this link to check short interest in a stock:
http://nasdaqtrader.com/Trader.aspx?id=ShortInterest

Publication schedule is here:
http://nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch

 
 Settlement Date	Short Interest	Percent Change	 
 Average Daily Share Volume	Days to Cover 
  
 04/29/2022	37,015,515	6.21	4,258,195	8.69 
 04/14/2022	34,851,727	1.60	4,006,302	8.70 
 03/31/2022	34,302,508	(3.81)	3,527,731	9.72 
 03/15/2022	35,660,370	(2.73)	4,435,088	8.04 
 02/28/2022	36,660,502	0.02	4,275,193	8.58 
 02/15/2022	36,654,794	4.85	5,152,587	7.11 
 01/31/2022	34,960,099	12.00	12,988,554	2.69 
 01/14/2022	31,214,431	9.40	4,667,043	6.69 
 12/31/2021	28,531,899	50.48	5,170,956	5.52 
 12/15/2021	18,959,968	(4.61)	6,314,561	3.00 
 11/30/2021	19,876,928	(14.62)	4,816,541	4.13 
 11/15/2021	23,281,508	1.21	12,627,834	1.84 
 10/29/2021	23,002,454	(1.39)	2,188,511	10.51 
 10/15/2021	23,325,568	6.09	1,985,365	11.75 
 09/30/2021	21,985,689	0.18	2,866,220	7.67 
 09/15/2021	21,946,379	(6.58)	2,095,240	10.47 
 08/31/2021	23,492,189	15.09	4,189,182	5.61 
 08/13/2021	20,412,654	4.52	3,267,018	6.25 
 07/30/2021	19,530,826	0.43	2,978,611	6.56 
 07/15/2021	19,447,243	(14.18)	3,779,246	5.15 
 06/30/2021	22,659,534	(8.59)	6,584,990	3.44 
 06/15/2021	24,787,930	(22.71)	6,152,172	4.03 
 05/28/2021	32,072,669	8.73	5,240,967	6.12 
 05/14/2021	29,497,586	0.06	2,730,948	10.80 
                                   
 

[QaB2i]

Opening long position in this dip.
GLTA.

[JJ8]

P&F Pattern Ascending Triple Top Breakout on 8-Feb-2022.

PS: Bought at $15.49 few weeks ago.

[maximumgriff]

You were saying?

[tomirons]

This stock is a horrible FAILURE, imo. Still no products for car owners to buy. Slow to market and this price crash is to be expected. Very, very, very slow to market, I believe.

[daleb2130]

I bought in on December 22nd at $16.57. Looking for some big gains.Bought some May 20th Options too.

[pennysoldier]

Lidar and solid-state battery stocks will blast off over the next year. I expect to double my money again by Summer.

[wiredawg]

LAZR getting some love from NVDA...nice...let's hope it holds...

GLTA

[alstocks]

Taking a starter on this dip….

Nvidia is a monster company… (Cramer always

raves about nvidia)

Plus an exciting industry like autonomy driving..

Plus a huge dip … pre market high of 27….

I know shorts and games exist… but this news

is SO STRONG…. We will see….

Good luck to all

[Fofo812]

Nothing to see here

[XenaLives]

About Luminar Technologies Inc
Luminar Technologies Inc. is a developer of advanced sensor technologies for the autonomous vehicle industry. The Company operates through two business segments, Autonomy Solutions and Component Sales. The Autonomy Solutions segment manufactures and distributes commercial lidar sensors that measures distance using laser light to generate an accurate three dimensions (3D) map for automotive mobility applications. The Component Sales segment is in the business of developing ultra-sensitive pixel-based sensors. It also designs, tests, and provides consulting services for non-standard integrated circuits that are essential for systems to meet the requirement of customers. The Company has research and manufacturing facilities located in Palo Alto, California and Orlando, Florida.

https://www.reuters.com/companies/LAZR.O

[XenaLives]

This is important:

Luminar Launches Perception Engine with Subscription Service
LAS VEGAS–Jan. 7, 2020–Today, Luminar introduced the industry’s most advanced LiDAR perception technology that enables safe driver-out-of-the-loop autonomy. This is achieved via deep integration of LiDAR sensing, software and compute, enabling the industry to transition from isolated component testing to successful commercialization for Level 3 and 4 autonomous applications beginning on highways. Hydra begins shipping this quarter and is available through a new subscription model — the first of its kind for LiDAR.

https://www.luminartech.com/luminar-launches-perception-engine-with-subscription-service/

More about Hydra...
https://www.luminartech.com/products/


Hydra datasheet:
https://levelfivesupplies.com/wp-content/uploads/2020/08/Luminar-Hydra-Datasheet.pdf

[XenaLives]

The chart:

[XenaLives]

Note - this article was published when the stock was close to its $40 peak...

Luminar Technologies Flirts With Autonomy Prime Time
Before you buy LAZR stock, just know we’ve been here before

By Josh Enomoto, InvestorPlace Contributor Dec 15, 2020, 6:43 am EDT
To say that Luminar Technologies (NASDAQ:LAZR) enjoyed an explosive debut would be a gross understatement. Making its public debut via a reverse merger, LAZR stock makes good on this year of the SPAC, or special purpose acquisition company. Specializing in autonomous driving solutions, Luminar is also levered to next-generation transportation methods, which of course is a hot topic.

A finger hovering over an "autonomous drive" button.
Source: Olivier Le Moal / Shutterstock.com
But the idea of buying into shares right now, especially after an extremely volatile session last Friday where they lost nearly 18% of market value, is a tough proposition.

From where I stand, the debate about LAZR stock comes down to speculation of its potential versus the underlying reality of true vehicular autonomy.

Precise and Accurate
Here’s what I mean. On one hand, the science behind Luminar Technologies is incredibly compelling. From my last write-up of the company, I mentioned that it incorporates “an advanced system based off lidar, or light detection and ranging. Utilizing pulses of electromagnetic radiation, lidar signals ‘ping’ off objects and calculates their distance based on the time it takes for the signal to return.”

As an active detection system, Luminar has a distinct advantage (in terms of present-day technologies) over passive systems like cameras in inclement conditions. Camera sensors can fog up, which may easily confuse autonomous processors. Of course, confusion can lead to devastating results. However, Luminar’s emitted lasers can pinpoint precisely where an object is. As the innovation improves, so will the processing ability to distinguish various objects.

7 Electric Vehicle Stocks With Style and Substance
And because Luminar is so precise and accurate, it’s safer for vehicle-pedestrian interactions. Thanks to the company’s three-dimensional velocity detection system, its computer can detect objects that obstruct the underlying vehicle’s path, as well as predict the disrupting object’s motions. That way, Luminar’s system can make the appropriate avoidance maneuver.

It’s all brilliant stuff that has drawn both investors and speculators to LAZR stock. But how likely will mainstream autonomy be?

LAZR Stock Has a Hype Factor You Don’t Want to Ignore
Interestingly, Elon Musk of Tesla (NASDAQ:TSLA) has choice words for the lidar system underlining LAZR stock. Last year, Musk decried lidar as a “fool’s errand.” He likened the solution to “expensive sensors that are unnecessary.” Still, to Luminar’s credit, the upstart firm has so far achieved impressive testing results. On the other hand, Tesla’s full-autonomous efforts have had some hiccups, to put it diplomatically.

But does that make LAZR stock a screaming buy right now? It very well might seem that way. As you know, more companies are pushing toward electric vehicles and other alternative fuel sources. Also, the novel coronavirus pandemic incentivizes autonomous research and development. Biologically and societally, major pandemics have imposed significant negative impacts on affected people. Therefore, the paradigm of public transportation can change forever.

Nevertheless, you don’t want to jump right into LAZR stock without appreciating that we’ve been here before in terms of hype and overly optimistic forecasts of technological integration into daily society. Just consider the words of former U.S. Secretary of Transportation Anthony Foxx.

Back in 2016, Foxx stated that “By 2021, we will see autonomous vehicles in operation across the country in ways that we [only] imagine today… My daughter, who will be 16 in 2021, won’t have her driver’s license. She will be using a service.”

I mention this not to pick on Foxx. Rather, I think it’s important to understand the surprising power of euphoria, especially when there’s money involved. If the secretary of transportation can get caught up in the hype train, imagine what that could do (temporarily) to Robinhood traders.

Many Variables Ahead
More importantly, Vox contributor Eric Adams noted that there are so many variables for autonomous systems to account for. Adams mentions edge cases, such as “comprehending the difference between a flock of birds dashing across the road or wind-blown leaves that are fine to run down.”

Until autonomous systems can comprehensively adapt to the unknown while keeping occupants safe, Luminar and competitors such as Velodyne Lidar (NASDAQ:VLDR) will have a steep uphill battle to climb.

Know What You’re Getting Into
That’s not to say that you should outright avoid LAZR stock. Again, I believe it’s a compelling technology. However, you should be aware that as shares attract a hefty premium, stakeholders will want to see some fundamental justification. The issue is that justification may be a long time coming due to the aforementioned variables.

If I had to guess the nearer-term trajectory of LAZR stock, though, I’d say we may have more downside ahead of us. For example, I can’t help but notice many SPACs printed a similar trajectory to Luminar: huge initial momentum, then a crash, then perhaps another leg higher.

But that should be good news if you’re long-term bullish on Luminar as the market may give you a discount. Just prepare for a choppy ride.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.

https://investorplace.com/2020/12/is-lazr-stock-ready-to-take-autonomy-prime-time/

[XenaLives]

Cute video...

[XenaLives]

This stock came up on a visual scan of OBV patterns tonight.

I would agree with your post.

[30yrFixedFan]

Rich group playing a game with us.
I watched them do this with SNAP
They pushed is down to 5.00 and then bought up shares as many sold into weekness
It is the 80 range now.
Buy companies with leading technologies and be patient

[Jersey boy ash]

This thing is dying slowly

[XenaLives]

Anyone here who can comment on the strength of the IP???

[MADDSTACKER]

Bounce of that support …

[MADDSTACKER]

Volvo news !!! 40 m shares short …

[el lobo]

Road show starts on the 15th. Much needed. LAZR has all the right ingredients but still not well known. I think Russell has determined to change that.

[doinit]

Outstanding Shares,,not seeing dilution LOL
234,714,116

[doinit]

$40+,,,they warrant that and more

[doinit]

SHORTS WILL GET SLAUGHTERED

[doinit]

nice to see attention on LAZR,,BEEN DORMANT

[Jersey boy ash]

Awsome day today, let's get this baby back up to the 40s

[Supernova12]

...Shorters wish they were taller...

[ClayTrader]

* * $LAZR Video Chart 04-26-2021 * *

Link to Video - click here to watch the technical chart video

[Johnny Trader]

Good morning all. Looks like LAZR is expanding beyond cars and trucks. Interesting read here. https://seekingalpha.com/news/3685456-luminar-stock-climbs-on-airbus-collab-for-autonomous-flights

[ClayTrader]

* * $LAZR Video Chart 04-23-2021 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $LAZR Video Chart 04-21-2021 * *

Link to Video - click here to watch the technical chart video

[Fish finder]

No doubt hope it’s the bottom

[Supernova12]

Hopefully this oversold state is coming to a close soon.

[Supernova12]

Thanks, but been staying out until this makes some sense...

[mick]

LAZR
Bid: 30.23 Ask: 30.27 Last: 30.25 Chg ($): -0.41 Vol: 2.38M

[doinit]

feeling alone here today

[doinit]

over $60million dollars traded here today,,,and it's early

[ClayTrader]

* * $LAZR Video Chart 03-19-2021 * *

Link to Video - click here to watch the technical chart video

[doinit]

LAZR,,AND THE LIDAR IS MUCH,MUCH LESS COST

[doinit]

LAZR,,,Luminar’s LiDAR is the only sensor in market that broadly meets ALL automobile manufacturer system requirements for perception tech, including:

Long range – 250 meter range
High resolution – 300 PD resolution
Weather resilience – >200 meter range in rain and snow
Zero interference – zero sunlight/LiDAR interference

On top of all that, Luminar has purpose-built a proprietary perception software to unlock the full potential of its hardware sensors and create a full, end-to-end autonomy stack that gives automobile OEMs an all-in-one AV solution.