The company has a market cap of close to $11 billion, trading at about 400x consensus 2021 revenue. Luminar Technologies (NASDAQ: LAZR), a company that specializes in lidar technology that helps self-driving vehicles detect their surroundings, went public in December and now trades at about $34 per share, almost 3.5x its offer price. Luminar: Which Lidar Stock Should You Pick? for an overview of the two companies’ valuation and fundamental performance in recent years. While Luminar’s market capitalization of about $8 billion is somewhat high, considering that the company doesn’t have a manufacturing track record, and is likely to see competition increase with the likes of Intel’s INTC MobileEye looking to produce its own lidar sensors, the recent developments and the correction in the stock price mean that the risk to reward proposition for Luminar stock is looking a little better. While the company is expected to begin commercial deliveries next year, it expects to generate revenue of $25 million to $30 million in 2021. Luminar plans to grow this order book by over 40% this year. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.The company also continues to win more customers, with its forward-looking order book standing at $1.3 billion at the end of last year. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
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