How to Buy Luminar Technologies Stock

Luminar Technologies Inc

Luminar Technologies, Inc. , an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East.

Luminar Technologies stock last closed at $4.32, down 2.92% from the previous day, and has decreased 40.82% in one year. It has underperformed other stocks in the Auto Parts industry by 0.56 percentage points. Luminar Technologies stock is currently +10.49% from its 52-week low of $3.91, and -59.05% from its 52-week high of $10.55.

At the moment, there are 390.38M shares of LAZR outstanding. The market capitalization of LAZR is $1.69B. In the past 24 hours, 4.11M LAZR shares were traded.

How to Buy Luminar Technologies Stock

Not sure how to invest in Luminar Technologies stock? Here's how.
  1. Figure out where to buy Luminar Technologies stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Luminar Technologies stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Choose your method of payment and add your details.
  4. Research Luminar Technologies stock: The Luminar Technologies ticker symbol is LAZR. Is Luminar Technologies stock a good investment? Should you buy shares of LAZR? How do LAZR's underlying business fundamentals look? Do top analysts think Luminar Technologies is a good buy? Why has LAZR's stock price moved recently? (Hint: Our stock research tools can help you decide if LAZR is a good stock to buy).
  5. Place your LAZR buy order: Decide if you will purchase LAZR shares at the current market price or use a limit order to purchase LAZR stock at a particular price.
  6. Track your LAZR investment: Create a watchlist to track your investment in Luminar Technologies shares.

Step 1: Figure out where to buy Luminar Technologies stock

You will need a brokerage account to access the NASDAQ market and buy LAZR stock.

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Step 2: Create your brokerage account

Now that you've selected your brokerage, you need to fill out some personal details so you are able to invest in LAZR stock today.

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Step 3: Fund your brokerage account

Now that you've finished signing up on the greatest app to buy stocks, you need to deposit funds:

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Step 4: Research Luminar Technologies stock

Once you have chosen the best place to buy Luminar Technologies stock, it's critical to evaluate their stock prior to buying, so you actually comprehend the risk as well as the opportunity.

Luminar Technologies quick stats

LAZR Price
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Next Earnings
Oct 31, 2023
Next Dividend

Fundamentals of LAZR

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis.

You can see all of the due diligence checks on LAZR's stock page.

Is LAZR stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge LAZR's fair value.

You can do more valuation research on LAZR's stock here.

LAZR Financial Health

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the LAZR balance sheet.
  • LAZR has cash burn of 286748000. It has sufficient cash and short-term investments to cover this for at least one year.

Negative Health Checks:

  • LAZR profit margin has gone down from -832.2% to -1,008.7% in the past year.
  • LAZR has $368.17M in cash and short term investments. This is not sufficient to cover its annual cash burn of $286.75M.
  • Total LAZR debt is still negative.
  • There are more long-term liabilities than short-term assets on the LAZR balance sheet.
  • LAZR debt to equity ratio of -5.64 is negative.

Is it a good time to buy Luminar Technologies stock, according to Wall Street analysts?

Out of 4 sell side analysts who track LAZR, the consensus analyst rating on Luminar Technologies is a Buy

Please note that analyst forecasts are not recommendations, nor are they investment advice.

Latest LAZR Analyst Recommendations

Itay Michaeli, a bottom 1% analyst from Citigroup maintains LAZR with a strong buy rating and lowers their LAZR price target from $18.00 to $17.00, on Aug 16, 2023.

Kevin Cassidy, a top 3% analyst from Rosenblatt reiterates LAZR with a hold rating and maintains their LAZR price target from $6.00 to $6.00, on Aug 9, 2023.

Mark Lipacis, a top 2% analyst from Jefferies assumes LAZR with a strong buy rating and announces their LAZR price target of $12.00, on Apr 25, 2023.

Mark Delaney, a top 3% analyst from Goldman Sachs maintains LAZR with a strong sell rating and lowers their LAZR price target from $5.00 to $4.50, on Apr 13, 2023.

You can dive deeper into what analysts are projecting on the Luminar Technologies stock forecast page.

LAZR Technical Indicators

MACD Signal
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How are LAZR Revenues/Earnings doing?

Last year, LAZR revenue was $54.62M. In the past three year, LAZR's revenue has increased by 120.39% per year. This was faster than the Auto Parts industry average of 11.52%.

You can research LAZR's earnings and revenue performance here.

What are LAZR insiders up to?

Over the last year, executives and large shareholders at LAZR have bought more shares than they have sold.

Thomas Fennimore, Chief Financial Officer of LAZR, was the latest LAZR insider to sell. They sold $101,867.33 worth of LAZR shares on Sep 6, 2023.

Research more about who owns LAZR stock here.

Does LAZR provide a stable income stream?

No, Luminar Technologies doesn't provide an income stream by paying out dividends.

What do other traders have to say about LAZR?

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Step 5: Place your LAZR buy order

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact price limit, use a limit order.

Click the Open button and your broker will execute the order.

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Step 6: Track your LAZR investment

Now that you own some LAZR stock, you'll want to stay up-to-date on your company.

Put LAZR on a watchlist to track your LAZR stock.


How to Buy Stock in Luminar Technologies

To summarize, here are the 6 steps to buy Luminar Technologies stock:

  1. Figure out where to buy Luminar Technologies stock
  2. Create your brokerage account
  3. Fund your brokerage account
  4. Research Luminar Technologies stock
  5. Place your LAZR buy order
  6. Track your LAZR investment

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If you want to track your investment in Luminar Technologies, get started below.

$4.32-0.13 (-2.92%)
Updated Sep 25, 2023
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$4.32-0.13 (-2.92%)
Updated Sep 25, 2023
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How much does it cost to buy one Luminar Technologies share?

As of Sep 25, 2023, it costs $4.32 to buy one share of Luminar Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.463 shares of LAZR.

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Is now a good time to buy Luminar Technologies stock?

According to 4 Wall Street analysts who monitor Luminar Technologies, their consensus recommendation is to buy Luminar Technologies stock.

What is the best way to buy Luminar Technologies stock?

One way to place an order for Luminar Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.