Luminar Technologies had a nice pop today and is currently up 3.38% we'll see if the cash keeps flowing in.
The company isn't at an immediate support or resistance level that might be predictive. Luminar Technologies hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the asset has lost -27.50 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. LAZR may hit some resistance around the 4.61 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.
The analysts are pretty neutral on Luminar Technologies right now, so not much useful information here. The current Analysts Sentiment Score is -0.76. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-02-29 The Goldman Sachs Group lowered their price target by -25% to $1.50. Bank of America announced a lowering of their price target to $3.50 from $4.00 on 2024-02-29. Rosenblatt Securities announced a lowering of their price target to $3.00 from $5.00 on 2024-02-28. On 2024-01-17 there was confirmation of the previous rating by Deutsche Bank Aktiengesel which was Buy and decided to decrease their price target by -63.64% down to $4.00. On 2023-08-16 Citigroup lowered their price target by -5.56% to $17.00. TD Cowen announced a lowering of their price target to $10.00 from $12.00 on 2023-05-10. Jefferies Financial Group initiated a rating of Buy on 2023-04-25 and provided a price target of $12.00. JPMorgan Chase & Co. provided a price target boost of 33.33% to $20.00 from $15.00 on 2023-03-06.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| LAZR | -0.76 | 0.45 | -0.45 | 0.45 | -1.95 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| LAZR | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
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Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| LAZR | 0 | %0 | 0 | 0 | 0 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| LAZR |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
