![]() Luminar Founder and CEO Austin Russell made the following statement about the share buybacks in the announcement: The company along with several executives and board members were set to buy cheap shares of the stock. Sometimes the executives are exactly correct, but a lot of times executives using debt are taught a tough lesson by the market.īack on December 14, Luminar announced a plan for an authorization to repurchase $250 million worth of stock. ![]() Insiders always think they know more about how the market should value a stock than the market itself. An investor has the option to value the stock based on the current revenue base, projected revenue base or the backlog. The ultimate goal was for the forward-looking order book to reach ~$10 billion in 2025. ![]() Luminar ended 2020 with a $1 billion order book and now forecasts the amount reaching $1.6 billion in 2021. The market will stop questioning the validity of these numbers as projects are awarded and start moving forward with production plans. The stock valuation should start being based more on the order book. The analysts are probably conservative with the 2024 revenue targets below $400 million here. The company isn't expecting to see much growth next year (appears conservative) with the eventual revenue ramp in 2023 leading to over $400 million in 2024 sales. The revenue picture actually remains above the original forecast of Luminar. The cash balance is starting to burn fast after the initial fund raising with the SPAC deal. The Lidar sensor company had forecast ending 2021 with a cash balance of ~$486 million. The company spent $38 million during Q3'21 with a forecast to burn another $42 million in Q4'21. On the flip side, Luminar will burn ~$140 million of cash this year. The company has announced 6 major commercial wins so far this year. ![]() Luminar has announced several new major deals with NVIDIA ( NVDA) and Polestar ( GGPI) in the automotive space along with commercial wins in AV trucking with Embark ( EMBK) and Kodiak Robotics. As these companies gain commercial momentum, the market will return to investing based on more comfort around these large backlogs. The Lidar sensor company is predicting revenues to top $30.0 million while the backlog hits the 60% growth target for 2021 to reach $1.8 billion. For Q3'21, revenues grew 89% to $8.0 million and the company forecast Q4'21 revenues to reach at least $10.4 million and up to $13.4 million. Luminar became a public story back in 2020 when the company was hardly producing sales. My investment thesis remains Neutral on the stock despite the sector tipping towards material sales as the stock remains richly valued. The sector is far more appealing now after a year of several companies being public with the market making progress towards production goals. Over the last few weeks, a few Lidar sensor companies have made moves to raise funds including valuation leader Luminar Technologies ( NASDAQ: LAZR). If you are good with personal finance and are looking to invest, you will find the Luminar Technologies on NASDAQ CAPITAL MARKET stock exchange.JHVEPhoto/iStock Editorial via Getty Images Trading in bull markets is always easier so you might want to favor these shares under the given circumstances, but always read up on optimal investment strategies if you are new to investing. Since this share has a positive outlook we recommend it as a part in your portfolio. Our Ai stock analyst implies that there will be a positive trend in the future and the GMHIU shares might be good for investing for making money. Currently there seems to be a trend where stocks in the Financial Services sector(s) have been popular in this period. According to present data Luminar Technologies's GMHIU shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Recommendations: Buy or sell Luminar Technologies stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Luminar Technologies share forecasts, stock quote and buy / sell signals below. Real Estate and Housing Market Forecast.
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