Luminar Technologies Stock Forecast - Daily Balance Of Power

LAZR Stock  USD 1.37  0.06  4.20%   
Luminar Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Luminar Technologies stock prices and determine the direction of Luminar Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Luminar Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Luminar Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Luminar Technologies' systematic risk associated with finding meaningful patterns of Luminar Technologies fundamentals over time.
Check out Historical Fundamental Analysis of Luminar Technologies to cross-verify your projections.
To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.
  
As of 04/26/2024, Receivables Turnover is likely to grow to 3.59, while Inventory Turnover is likely to drop 6.19. . As of 04/26/2024, Common Stock Shares Outstanding is likely to drop to about 343.4 M. In addition to that, Net Loss is likely to grow to about (381.3 M).

Open Interest Against 2024-04-26 Luminar Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Luminar Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Luminar Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Luminar Technologies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Luminar Technologies' open interest, investors have to compare it to Luminar Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Luminar Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Luminar. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Luminar Technologies has current Daily Balance Of Power of (0.67).
Most investors in Luminar Technologies cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Luminar Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Luminar Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Luminar Technologies market sensitivity to bulls and bears. It estimates the ability of Luminar Technologies buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Luminar Technologies Balance of Power indicator one can determine a trend of the price direction.
Check Luminar Technologies VolatilityBacktest Luminar TechnologiesInformation Ratio  

Luminar Technologies Trading Date Momentum

On April 25 2024 Luminar Technologies was traded for  1.37  at the closing time. The top price for the day was 1.44  and the lowest listed price was  1.35 . The trading volume for the day was 4.7 M. The trading history from April 25, 2024 did not cause price change. The trading delta at closing time against the current closing price is 2.92% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Luminar Technologies to competition

Other Forecasting Options for Luminar Technologies

For every potential investor in Luminar, whether a beginner or expert, Luminar Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Luminar Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Luminar. Basic forecasting techniques help filter out the noise by identifying Luminar Technologies' price trends.

Luminar Technologies Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Luminar Technologies stock to make a market-neutral strategy. Peer analysis of Luminar Technologies could also be used in its relative valuation, which is a method of valuing Luminar Technologies by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Luminar Technologies Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Luminar Technologies' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Luminar Technologies' current price.

Luminar Technologies Market Strength Events

Market strength indicators help investors to evaluate how Luminar Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Luminar Technologies shares will generate the highest return on investment. By undertsting and applying Luminar Technologies stock market strength indicators, traders can identify Luminar Technologies entry and exit signals to maximize returns.

Luminar Technologies Risk Indicators

The analysis of Luminar Technologies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Luminar Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting luminar stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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When determining whether Luminar Technologies is a strong investment it is important to analyze Luminar Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Luminar Technologies' future performance. For an informed investment choice regarding Luminar Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Luminar Technologies to cross-verify your projections.
To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.
Note that the Luminar Technologies information on this page should be used as a complementary analysis to other Luminar Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Luminar Stock analysis

When running Luminar Technologies' price analysis, check to measure Luminar Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Luminar Technologies is operating at the current time. Most of Luminar Technologies' value examination focuses on studying past and present price action to predict the probability of Luminar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luminar Technologies' price. Additionally, you may evaluate how the addition of Luminar Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Luminar Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luminar Technologies. If investors know Luminar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luminar Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.47)
Revenue Per Share
0.179
Quarterly Revenue Growth
0.988
Return On Assets
(0.57)
Return On Equity
(24.25)
The market value of Luminar Technologies is measured differently than its book value, which is the value of Luminar that is recorded on the company's balance sheet. Investors also form their own opinion of Luminar Technologies' value that differs from its market value or its book value, called intrinsic value, which is Luminar Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luminar Technologies' market value can be influenced by many factors that don't directly affect Luminar Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Luminar Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luminar Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luminar Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.