InvestorsObserver is giving Luminar Technologies Inc (LAZR) an Analyst Rating Rank of 25, meaning LAZR is ranked higher by analysts than 25% of stocks. The average price target for LAZR is $35 and analyst’s rate the stock as a Buy
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Luminar Technologies Inc Stock Today?
Luminar Technologies Inc (LAZR) stock is trading at $26.86 as of 10:50 AM on Wednesday, Mar 3, a decline of -$0.94, or -3.4% from the previous closing price of $27.80. The stock has traded between $26.22 and $28.54 so far today. Volume today is less active than usual. So far 1,173,676 shares have traded compared to average volume of 7,435,639 shares.
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