Luminar (LAZR, $18.76) hires executives from Tesla and Intel.
Luminar Technologies announced that it had hired two executives from Tesla and Intel.
The maker of sensors and software for autonomous vehicles said that Alan Prescott joins as chief legal officer, following his role as general counsel at Tesla. Prior to working four years at Tesla, Prescott led Uber’s Advanced Technology Group’s legal team as senior counsel overseeing commercial, regulatory, litigation, privacy and cybersecurity.
Trey Campbell is joining Luminar as vice president and leader of its investor relations department. Prior to joining Luminar, he worked 20 years at Intel, starting as a financial analyst and later becoming the vice president of investor relations.
Last month, Luminar provided estimates for 2021 revenue at $25 million to $30 million, compared with around $14 million for 2020.
LAZR in -16.07% downward trend, declining for three consecutive days on May 09, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where LAZR declined for three days, in 111 of 157 cases, the price declined further within the following month. The odds of a continued downward trend are 71%.
Current price $10.36 crossed the support line at $12.87 and is trading between $12.87 support and $8.23 resistance lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -26% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -7%.
The Moving Average Convergence Divergence Histogram (MACD) for LAZR turned negative on April 08, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 26 similar instances when the indicator turned negative. In 15 of the 26 cases the stock turned lower in the days that followed. This puts the odds of success at 58%.
LAZR moved below its 50-day Moving Average on April 14, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for LAZR crossed bearishly below the 50-day moving average on April 19, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 55%.
The Aroon Indicator for LAZR entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LAZR's RSI Indicator exited the oversold zone, 10 of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +21.31% 3-day Advance, the price is estimated to grow further. Considering data from situations where LAZR advanced for three days, in 78 of 107 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
LAZR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 39%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.7.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LAZR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
The Tickeron Valuation Rating of 99 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: LAZR's P/B Ratio (29.240) is very high in comparison to the industry average of (2.464). P/E Ratio (0.000) is within average values for comparable stocks, (22.157). LAZR's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.821). LAZR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (108.696) is also within normal values, averaging (16.753).
The Tickeron SMR rating for this company is 99 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. LAZR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
OEM or Original Equipment Manufacturer of auto parts refers to the original producer of a vehicle's components, and so OEM car parts are usually identical to the parts used in producing the vehicle in the first place. OEM parts tend to fit the specifications of a particular model, and their compatibility is often guaranteed by the automaker itself. OEM parts could be more expensive to buy (compared to other vendors’ products) when a consumer goes for replacement. However, increased competition from aftermarket parts/third-party vendors could, in some cases, keep EOM prices in check. The industry might progress further in adopting newer technologies like 3D printing to boost supply chain performance and quality. Aptiv PLC, Magna International Inc. and BorgWarner Inc. are major OEMs for autos.
The average market capitalization across the Auto Parts: OEM Industry is 4B. The market cap for tickers in the group ranges from 206 to 43.6B. DNZOF holds the highest valuation in this group at 43.6B. The lowest valued company is JBZY at 206.
The average weekly price growth across all stocks in the Auto Parts: OEM Industry was -2.01%. For the same Industry, the average monthly price growth was -6.07%, and the average quarterly price growth was -23.43%. LEAT experienced the highest price growth at 22.24%, while ATHHF experienced the biggest fall at -92.99%.
- 4/21/22 5:15 AM: Luminar Technologies (LAZR, $13.13) was a top loser this week, declining -10.38%
- 4/7/22 5:33 AM: Luminar Technologies (LAZR, $14.49) was a top loser this week, declining -6.58%
- 3/29/22 5:17 AM: Luminar Technologies (LAZR, $14.82) was a top weekly gainer, with a +5.11% jump
The average weekly volume growth across all stocks in the Auto Parts: OEM Industry was 5.83%. For the same stocks of the Industry, the average monthly volume growth was 70.36% and the average quarterly volume growth was 15.9%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1.3 to 1.
20 stocks in the group of tickers confirmed the positive outlook based on the RSI indicator with average odds of 78%.
The average market capitalization across the group is 4.7B. The market cap for tickers in the group ranges from 0 to 44B. DNZOY holds the highest valuation in this group at 44B. The lowest valued company is AIMH at 0.
The average weekly price growth across all stocks in the group was -2.77%. For the same group, the average monthly price growth was -8.59%, and the average quarterly price growth was -31.4%. OMTK experienced the highest price growth at 19.64%, while LIQT experienced the biggest fall at -59.51%.
- 5/12/22 5:38 AM: Hyliion Holdings (HYLN, $2.83) is a top weekly loser for penny stocks, falling -18.44%
- 5/12/22 5:38 AM: Superior Industries International (SUP, $3.48) is a top weekly loser for penny stocks, falling -15.33%
- 5/11/22 7:46 AM: Kelso Technologies (KIQ, $0.32) is a top weekly loser for penny stocks, falling -15.56%
The average weekly volume growth across all stocks in the group was 141.06%. For the same stocks of the group, the average monthly volume growth was 214.62% and the average quarterly volume growth was 498.02%
- 4/30/22 5:52 AM: The volume for Cooper-Standard Automotive stock increased for one day, resulting in a record-breaking daily growth of 462% of the 65-Day Volume Moving Average
- 4/23/22 4:13 AM: The volume for LiqTech International stock increased for one day, resulting in a record-breaking daily growth of 256% of the 65-Day Volume Moving Average
- 4/13/22 8:11 AM: The volume for LiqTech International stock increased for a consecutive 5 days, with an average daily gain of 360%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows