![]() ![]() For perspective, EV bellwether Tesla stock is down by about 17% year-to-date in 2022. Separately, electric vehicle stocks, in general, have underperformed the market in recent weeks, due to rising bond yields and this could also be hurting Luminar. It’s possible that investors are a bit concerned about these transactions given that the company hasn’t started meaningful commercial operations yet, with profitability and positive cash flows likely several years away. Firstly, Luminar issued about $550 million worth of convertible debt last month, while buying back around $250 million of its stock. There are likely a couple of factors driving the recent sell-off. The stock also remains down by about 17% over the last month. Furthermore, the company has better financials, forward growth rates, and options market sentiment.Luminar stock (NASDAQ:LAZR), a company that develops lidar sensors for use in self-driving cars, has declined by roughly 15% over the last week (five trading days), underperforming the S&P 500 which was down by about 4%. ![]() LAZR's partnership with Mercedes-Benz could potentially bring a lot of long-term benefits, thus improving its operating metrics. I believe LAZR is currently a better investment than VLDR. When it comes to VLDR, the open calls/open puts ratio at the $5.00 strike price is 1.26x, indicating a relatively weaker bullish options market sentiment. In LAZR's case, the open calls/open puts ratio at the $15.00 strike price comes in at 1.48x, implying a bullish options market sentiment. Looking at the March 18th, 2022 option chain for both LAZR and VLDR, we can determine options market sentiment by analyzing the calls/puts ratio. Furthermore, analysts forecast that its 4Q2021 revenue will remain flat YoY at $17.84 million. So, its liquidity position remained strong, considering a nine-month cash burn rate of $90.24 million.įor the next quarter, analysts expect VLDR's bottom line to decelerate 45.47% YoY, standing at ($0.17) per share. Velodyne ended the quarter with cash, cash equivalents, and short-term investments of $324.5 million. The company delivered 4,400 LiDAR sensors during the third quarter. Its Non-GAAP EPS stood at ($0.19), missing estimates by $0.04. Not unexpectedly, the company missed the revenue consensus by $7.7 million. This decrease was due to the absence of a non-recurring stocking fee and a lower average selling price in Q3. In the third quarter of 2021, Velodyne Lidar's revenue decreased 59.3% on a year-over-year basis, coming in at $13.06 million. Moreover, its revenues should lift 384.35% to $11.78 million in the current quarter. Besides, LAZR maintained its FY2021 guidance, planning to recognize revenue in the range between $30 and $33 million.įor the fourth quarter, Wall Street expects Luminar's EPS to grow 5.85% year-over-year to ($0.11). However, LAZR slightly missed Wall Street estimates by $0.92 million.Īlthough Luminar's net loss grew 64% year-over-year to $51.34 million, its Non-GAAP EPS was ($0.10), in line with analysts' consensus. In Q3, the company's revenue increased by 89.1% year-over-year to $7.98 million, driven by increased sales from its Autonomy Solutions segment. Luminar Technologies last issued its earnings report on Thursday, November 11th. ![]()
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