Sunday, August 28, 2022 10:52:06 AM
So far, though, we’ve steered clear of LiDAR stocks since they started to pop up in the public markets in 2020 by merging with special purpose acquisition companies (SPACs). The frenzy over SPACs has largely subsided, and we’re left with eight LiDAR stocks from which to choose. Here’s how they’ve performed since all debuted at the same price – $10 a share.
Company Ticker Price Performance
Luminar Technologies LAZR $14.42 +44%
AEye Inc LIDR $4.61 -47%
Aeva Technologies AEVA $5.52 -57%
Cepton Inc CPTN $4.12 -59%
Ouster Inc OUST $4.11 -59%
Innoviz Technologies INVZ $3.65 -64%
Velodyne Lidar VLDR $2.28 -77%
Quanergy QNGY $2.02 -80%
Credit: Nanalyze
As beaten down as most these stocks are, we need to watch out for value traps, something we talked about in our recent piece on Avoiding Value Traps in Beaten Down SPACs. Three of these SPACs have pre-SPAC valuation rounds (courtesy of PitchBook) we can compare against today’s valuations.
Company Name Round Valuation
(USD Millions) Date Market Cap
(USD Millions) Premium / Discount
Aeva Technologies Series B $400 Aug-19 $927 +132%
Innoviz Technologies Series C $344 Jun-19 $500 +5%
Velodyne Lidar Series B $1780 Dec-18 $456 -74%
Source: Pitchbook
While Aeva and Innoviz are trading at a premium to their 2019 venture round valuations, Velodyne’s valuation has dropped nearly 75% since their Series B in late 2018 (more on this in a bit).
When it comes to the largest company by market capitalization, Luminar is currently 5X the size of their nearest competitor, Aeva Technologies, and worth more than all their competitors combined.
Bar chart showing Market cap comparison for 8 LiDAR stocks
Continued:
https://www.nanalyze.com/2022/03/lidar-stocks-investors-radar/
Recent AEVA News
- Aeva 4D LiDAR Selected by Top U.S. National Defense Security Organization to Help Protect Critical Energy Infrastructure • Business Wire • 07/23/2024 11:00:00 AM
- Aeva Announces Date for Second Quarter 2024 Results and Conference Call • Business Wire • 07/18/2024 11:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/17/2024 08:28:57 PM
- Digitale Schiene Deutschland Selects Aeva to Supply LiDAR for the AutomatedTrain Project • Business Wire • 06/17/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:44:32 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:43:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 12:39:13 AM
- Aeva Reports First Quarter 2024 Results • Business Wire • 05/07/2024 08:05:00 PM
- Aeva Announces Date for First Quarter 2024 Results and Conference Call • Business Wire • 04/18/2024 11:00:00 AM
- Aeva Expands in Europe with New Automotive Center of Excellence in Germany • Business Wire • 04/09/2024 11:00:00 AM
- Aeva Technologies, Inc. Regains Compliance with NYSE Continued Listing Standards • Business Wire • 03/22/2024 11:00:00 AM
- Aeva Technologies, Inc.’s Reverse Stock Split Becomes Effective • Business Wire • 03/18/2024 08:30:00 PM
- South Korea’s Joowon Industrial Selects Aeva 4D LiDAR for Automated Power Line Inspection Program • Business Wire • 03/12/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 09:27:05 PM
- Aeva Technologies, Inc. Announces Effective Date of Reverse Stock Split • Business Wire • 03/11/2024 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:10:16 PM
- Aeva Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 03/05/2024 09:05:00 PM
- U.S. Futures Dip, Crude Oil Fluctuates • IH Market News • 03/05/2024 11:05:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 02:50:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 02:36:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 01:28:51 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 11:49:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 11:41:58 PM
- Aeva Announces Date for Fourth Quarter and Full Year 2023 Results and Conference Call • Business Wire • 02/13/2024 12:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/01/2024 05:15:21 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM