Luminar also noted in its earnings release that SAIC, which it identified as “the largest Chinese automaker,” has launched its R7 vehicle that incorporates Luminar’s lidar. On the bottom line, the company’s loss per share came in at 18 cents, two cents better than the mean estimate. The company also maintained its full-year revenue forecast of $40 million to $45 million. The firm’s sales, for example, came in at $12.8 million, versus the average estimate of $9.9 million. LAZR’s earnings have also been solid, as its third-quarter results beat analysts’ average expectations. The latter automaker just unveiled an $80,000 electric SUV that utilizes Luminar’s lidar. As one of the top lidar stocks on the market, LAZR has partnered with auto industry giants, such as Toyota (NYSE: TM) and Volvo(OTC: VLVLY). LAZRĪfter dropping from about $10.47 to just under $7, Luminar Technologies (NASDAQ: LAZR) is showing signs of life again. While we wait to see what happens next in the potential $5.6 billion market, here are three other lidar stocks that investors may want to consider. But they believe that together, they can “create a vibrant and healthy lidar industry by offering both affordable, high-performance sensors to drive mass adoption,” enabling them to generate profitable and sustainable revenue growth,” Velodyne CEO Dr. And Ouster and Velodyne agreed to merge in an all-stock deal, which will give each party a 50% stake in the combined firm.īoth Velodyne and Ouster have been losing money, and both have watched their stock valuations plummet. In 2021, Ouster (NYSE: OUST) acquired Sense Photonics. In fact, as pointed out by, Velodyne (NASDAQ: VLDR) recently acquired Bluecity.ai. Partly due to these trends, a number of lidar companies have combined with each other. Unfortunately, the adoption of lidar has been slow, and the space has become highly competitive as lidar manufacturers have arisen all over the world. Moreover, the lidar-sensor market is expected to be worth about $5.6 billion by 2031, according to. It’s essentially the eyes and ears of autonomous vehicles and helps them avoid hitting people, animals, and other vehicles. The sensors can then measure the range or speed of objects, bounce lasers off the objects, and calculate their distance from the vehicle. Lidar allows vehicles’ computers to take a 3D image of the area around them. After all, lidar is an essential piece of the self-driving-auto puzzle. Stock traders will often flock to such stocks for no reason other than the fact that they have a high short interest and the price can potentially move up very quickly as traders with open short positions move to cover.ĭisclaimer: We have made our best effort to provide accurate data, but always do your own research and double check the information presented here before making an investment.Beaten-down lidar stocks could provide investors with one of the biggest opportunities of 2023. Stocks with high short interest are often very volatile and are well known for making explosive upside moves (known as a short squeeze). You can view the data for all exchanges together or only view exchanges of interest by clicking on the appropriate tab. Data is presented for the Nasdaq Stock Market, the New York Stock Exchange, and the American Stock Exchange. Additional key data such as the float, number of outstanding shares, and company industry is displayed. provides a convenient sorted database of stocks which have a short interest of over 20 percent. High Short Interest Stocks High Short Interest Stocks
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