![]() ![]() A change of -14% or more over five trading days has a 11% event probability, which has occurred 27 times out of 240 in the last year.Luminar stock declined -14 % over a five-day trading period ending, compared to the broader market (S&P500) which remained roughly flat over the same period.See our analysis Luminar Stock Chance of Risefor more details.įive Days: LAZR -14%, vs. So, is LAZR stock likely to rise further in the coming weeks and months or is a correction looking more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, LAZR stock only has a 37% chance of a rise over the next month (21 trading days). Luminar also appears to be on track for the production of its low-cost, mass-market Iris sensors, with the company noting that development and tooling were both predominantly complete. ![]() The company says that it is on track for 60% year-over-year growth of its forward-looking order book in 2021. Moreover, the company has actually been executing reasonably well with winning new customers and bolstering its order book. However, financial results aren’t really important for Luminar at this point, as the company hasn’t commenced meaningful commercial operations just yet. The decline follows Luminar’s mixed Q3 2021 results, which saw its revenue fall slightly short of estimates, with EPS coming in line. This compares to the S&P 500 which has remained roughly flat over the same period. Luminar (NASDAQ:LAZR), a company that develops lidar sensors for use in self-driving cars, has seen its stock decline by roughly 14% over the last week (five trading days).
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