Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $1.49 per share versus the Zacks Consensus Estimate of a loss of $1.19. This compares to a loss of $2.7 per share a year ago.
In the most recent trading session, Luminar Technologies, Inc. (LAZR) closed at $2.97, indicating a -5.11% shift from the previous trading day.
Luminar Technologies, Inc. (LAZR) closed at $3.2 in the latest trading session, marking a -5.6% move from the prior day.
Luminar Technologies, Inc. (LAZR) closed the most recent trading day at $3.39, moving 10.32% from the previous trading session.
Luminar Technologies, Inc. (LAZR) closed at $2.91 in the latest trading session, marking a -1.36% move from the prior day.
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In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $2.89, marking a -3.18% move from the previous day.
Luminar Technologies, Inc. (LAZR) reached $3.27 at the closing of the latest trading day, reflecting a -5.49% change compared to its last close.
Luminar Technologies (LAZR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs.
Luminar, the lidar company founded by recently replaced CEO Austin Russell, is going through another restructuring, according to a recent regulatory filing.
Austin Russell, who became a billionaire after his lidar startup Luminar went public, appears to be out as CEO, according to the company's board.