How Will the Market React to Luminar Technologies Inc (LAZR) Stock Getting a Neutral Rating

Luminar Technologies Inc (LAZR) stock is higher by 0.59% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Luminar Technologies Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LAZR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LAZR Stock Today?

Luminar Technologies Inc (LAZR) stock is trading at $1.71 as of 9:35 AM on Friday, Mar 22, a decline of -$0.08, or -4.47% from the previous closing price of $1.79. The stock has traded between $1.70 and $1.74 so far today. Volume today is low. So far 26,184 shares have traded compared to average volume of 8,137,803 shares. To see InvestorsObserver's Sentiment Score for Luminar Technologies Inc click here.

More About Luminar Technologies Inc

Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment. Click Here to get the full Stock Report for Luminar Technologies Inc stock.