Luminar Technologies (LAZR) Stock Gets Special Attention On InsideEVs report

After spending the whole day in red, Luminar Technologies Inc (NASDAQ:LAZR) stock had seen a sudden buying in the final few minutes of the closing session.

Luminar Technologies (LAZR) Stock Gets Special Attention On InsideEVs report

The stock got attention following InsideEVs report suggesting Tesla’s (TSLA) Model Y was spotted testing LiDAR tech.

The stock was trading lower by 3% before the above report, however, the stock soared over 10% and closed near to session high.

LAZR stock has gained about 23% over the past week. Nevertheless, the stock is still down over 50% from its 52-week high and 25% year-to-date.

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Last week, the company reported Q1 adjusted EPS of ($0.08); revs +37.2% yr/yr to $5.31 million vs $4.8 million S&P Capital IQ Consensus.

Co also announces that Celestica (CLS) and Fabrinet (FN) have each partnered with Luminar to deliver Iris in series production. This complements Luminar’s in-house advanced manufacturing facility in Orlando, Florida, which engineers process and manufacturing technology and techniques to deploy into production with its manufacturing partners.

 

 

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.