Luminar Technologies Stock Z Score

LAZR Stock  USD 1.97  0.19  10.67%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Luminar Technologies Piotroski F Score and Luminar Technologies Valuation analysis.
To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.
  
At this time, Luminar Technologies' Capital Lease Obligations is relatively stable compared to the past year. As of 03/29/2024, Net Working Capital is likely to grow to about 453.4 M, while Capital Stock is likely to drop slightly above 37.4 K. At this time, Luminar Technologies' Interest Expense is relatively stable compared to the past year. As of 03/29/2024, Tax Provision is likely to grow to about 1.8 M, though Net Loss is likely to grow to (381.3 M).

Luminar Z Score Analysis

Luminar Technologies' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2021 2023 2024 (projected)
Dividend Yield0.02730.03140.0354
Price To Sales Ratio183.3217.4116.54

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Luminar Technologies Z Score

    
  -6.75  
Most of Luminar Technologies' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Luminar Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Luminar Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Luminar Technologies is extremely important. It helps to project a fair market value of Luminar Stock properly, considering its historical fundamentals such as Z Score. Since Luminar Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Luminar Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Luminar Technologies' interrelated accounts and indicators.
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Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

Based on the company's disclosures, Luminar Technologies has a Z Score of -6.75. This is 308.98% lower than that of the Automobile Components sector and notably lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 177.41% higher than that of the company.

Luminar Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Luminar Technologies' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.
Luminar Technologies is currently under evaluation in z score category among related companies.

Luminar Technologies Institutional Holders

Institutional Holdings refers to the ownership stake in Luminar Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Luminar Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Luminar Technologies' value.
Shares
Northern Trust Corp2023-12-31
3.2 M
Platinum Equity Llc2023-12-31
2.4 M
Charles Schwab Investment Management Inc2023-12-31
1.9 M
Mirae Asset Global Investments (korea) Co Ltd2023-12-31
1.9 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.8 M
Bank Of New York Mellon Corp2023-12-31
1.5 M
Lido Advisors, Llc2023-12-31
1.3 M
Barclays Plc2023-12-31
1.3 M
Chescapmanager Llc2023-09-30
1.2 M
Vanguard Group Inc2023-12-31
25.7 M
Blackrock Inc2023-12-31
21.6 M

Luminar Fundamentals

About Luminar Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Luminar Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Luminar Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Luminar Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. The company was founded in 2012 and is headquartered in Orlando, Florida. Luminar Technologies operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 500 people.

Luminar Technologies Investors Sentiment

The influence of Luminar Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Luminar. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Luminar Technologies' public news can be used to forecast risks associated with an investment in Luminar. The trend in average sentiment can be used to explain how an investor holding Luminar can time the market purely based on public headlines and social activities around Luminar Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Luminar Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Luminar Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Luminar Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Luminar Technologies.

Luminar Technologies Implied Volatility

    
  113.64  
Luminar Technologies' implied volatility exposes the market's sentiment of Luminar Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Luminar Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Luminar Technologies stock will not fluctuate a lot when Luminar Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Luminar Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Luminar Technologies' short interest history, or implied volatility extrapolated from Luminar Technologies options trading.

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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 Luminar Technologies Piotroski F Score and Luminar Technologies Valuation analysis.
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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.