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 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
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/31/2024 10:14:14 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/29/2024 09:09:47 PM
- Form DEL AM - Delaying amendment • Edgar (US Regulatory) • 01/10/2024 09:34:56 PM
- Wall Street Highlights: Tesla Launches Restyled Model 3, VinFast Unveils Pickup Prototype, and More • IH Market News • 01/10/2024 11:21:31 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 01/09/2024 07:40:40 PM
- Daimler Truck and TORC Robotics Select Aeva to Supply Advanced 4D LiDAR Technology for Series-Production Autonomous Trucks • Business Wire • 01/09/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 11:59:32 AM
- Aeva Introduces Atlas – The First Automotive-Grade 4D LiDAR Sensor for Mass Production Automotive Applications • Business Wire • 01/08/2024 12:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM