Luminar Technologies Inc (LAZR) stock is down 29.97% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Luminar Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LAZR!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With LAZR Stock Today?
Luminar Technologies Inc (LAZR) stock is trading at $8.60 as of 1:57 PM on Wednesday, May 11, a decline of -$0.82, or -8.76% from the previous closing price of $9.42. The stock has traded between $8.51 and $9.67 so far today. Volume today is 5,365,249 compared to average volume of 5,023,093.
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.
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