LAZR Buy 1 Acheived at $2LAZR Buy 1 Acheived at $2 next and last is $1.90-$1.92 then we rise or we rise from here
LAZR trade ideas
Luminar Technologies getting close to my $1.90 buy targetLuminar Technologies (LAZR) is edging towards my $1.90 purchase limit. Given the psychological barrier at $2.00 just below current prices and the entry into oversold territory on intraday timeframes, it's likely that we'll swiftly dip below $2.00 to test it, then promptly rebound. $2.00 appears to be the robust support level, with $1.90 serving merely as a temporary intraday testing ground. My primary target is $2.00, and I'm considering adding to my position at $2.02, prepared to tolerate any drawdown below that point. I've set my stops at $1.79 initially, with half of my position exiting at $1.69, and I plan to let the remaining portion ride from there.
LAZR Luminar Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LAZR Luminar Technologies prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $0.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LAZR Focused and Long, Squeeze and Regsho TimeDive into our comprehensive analysis of LAZR stock, where we explore its potential trajectory in detail. Our intermediate target of $5.50, short-term target of $3.50, and long-term target just below $10 paint a fascinating picture of potential growth and volatility. Join us as we dissect the factors driving LAZR's movement and uncover potential trading opportunities!
little trend going on herecan this find support at 6usd and bounce back up to atleast 15-20% after beating revenue and future outlook on this company thiscould be a short term play till the 8s, or long term if you like LIDAR technology.\
when austin russell last purchased some odd million worth of shares it was around low 6s and it trended back up now if they interest rates and us news dont continue to F us then well this is a short term play maybe?>
We like Luminar technologies Luminar Technologies (LAZR) is showing attractive price action with an inverse head and shoulders present on the daily chart.
Its founder, Austin Russel, has recently bought stock worth $8.9m, which is relatively insignificant, nevertheless it it is adding to the bullish momentum.
Significantly, Finviz data shows a 27% short float, so we could be looking at a squeeze in the near term.
We are expecting LAZR to trade in double digits in the near term (unless the market pukes).
$LAZR The First Ripples Of ExpansionRipples of enthusiasm echoed in the Luminar Technologies, Inc. (Nasdaq: LAZR) shareholder community after CEO and founder Austin Russell purchased $21.3 million worth of stocks. This move was not the result of blind gusto, but rather it reflects Russell’s confidence in LAZR’s expansion, which is reliant on its two new facilities. Given the timing of the purchases, news regarding LAZR might be on the horizon, which might trigger a short squeeze considering LAZR stock’s high short interest.
LAZR Fundamentals
Russell’s mass purchase of LAZR stock comes on the heels of news regarding expansion. Recently, LAZR announced a strategic partnership with TPK in order to create a new facility, and its Monterrey facility became operational earlier than expected and started deliveries. It is highly likely that the reason behind the purchases is related to LAZR’s efforts to expand production and reach.
LAZR is a leading lidar manufacturer that has worked with notable car manufacturers such as Tesla Inc (Nasdaq: TSLA), Mercedes Benz, Polestar (NASDAQ: PSNY), and Volvo. Its sensors are considered top-of-the-line products that are desired by many leading automakers. It is for that reason that LAZR is not likely to experience any shortage in demand anytime soon.
Thanks to its partnership with Celestica, LAZR was able to run a new facility in Monterrey, Mexico. According to Its guidance, the Monterrey facility was supposed to start operating in Q2 2023, however, it beat its guidance by starting its operations in Q1 Additionally, it can be expanded to increase capacity by up to 500 thousand sensors a year, and it was built with a 40 thousand square foot clean room in order to suit ISO standards that would help in exportation.
LAZR is targeting an expansion into Asia and has formed a partnership with TPK – a multi-billion dollar supplier with many connections in East Asia – to construct a new facility in China. This facility will grant LAZR access to the Chinese market, which is extremely vast. For reference, Chinese car manufacturers produced 27 million cars in 2022 and that figure is projected to grow by 3.8% year over year. With access to the Chinese market, LAZR can expect an increase in production orders and a litany of new clients.
Considering TPK’s connections in the region, the Asian supplier might assist LAZR in its expansion efforts by introducing the company to new car manufacturers as well as helping the company with supply chain issues.
These expansive endeavors are the cornerstone of LAZR’s progress since they provide LAZR with more room to accept additional contracts and increase reach substantially. Russell’s mass purchase of LAZR stock is likely due to those endeavors. For example, he may have made the mass purchase due to a contract that will utilize the Monterey facility, in which case it is likely that Volvo commissioned more sensors for Polestar amidst its efforts to increase production. The mass purchase could also be due to news regarding the TPK-LAZR facility that was just announced as a facility may have been procured in China. In either case, the LAZR stock forecast appears to be promising.
On that note, Russell’s recent purchase may trigger a short squeeze for LAZR stock considering its high short data. With a short interest of 27.9% and 44.3% of its float on loan, LAZR stock appears to be a prime short squeeze candidate, especially if the company announces news regarding new deals or the China facility soon.
LAZR Financials
According to its latest Q1 report, LAZR’s total assets decreased from $687 million in Q4 2022 to $658 million in Q1 2023. That said, its cash balance increased from $69 million to $89 million. On the other hand, LAZR’s liabilities increased from $714 million to $740 million.
Revenue increased YoY from $6 million to $14 million in Q1. Total operating expenses also increased from $82 million to $141 million. For that reason, LAZR reported a net loss of $146 million in Q1 – an increase from $88 million last year.
Technical Analysis
LAZR is in a neutral trend, with the stock trading in a sideways channel between the support at $5.47, and the resistance at $6.45 above the 200 MA. The stock is also above its 50 MA but below the 21 MA. The MACD is approaching a bullish crossover and the RSI is neutral at 47.
Given Russell’s recent purchase, LAZR stock could prove to be a profitable buy at its current support, due to the high likelihood of upcoming news. That said, LAZR stock has a high short interest of 28%, which could be squeezed due to the aforementioned likelihood of potential news. A possible play could be going long at the current support in anticipation of upcoming news.
LAZR Forecast
LAZR’s CEO Austin Russell recently purchased $21.3 million worth of LAZR stock. The reason behind it may be a new upcoming deal or additional news regarding the China facility that would expand LAZR’s production and reach. That said, LAZR stock is highly shorted and a short squeeze may be imminent thanks to Russell’s recent purchase.
LAZR | I Spy Insider Buys | BounceLuminar 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. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Component segment develops ultra-sensitive pixel-based sensors. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.
$LAZR swing calls - ER on 11/2 - bullish indicatorsRSI and stochastic look great, and price has at least to move up to the yellow line. However when you zoom out on the daily and see weekly, it may be worth while to buy calls with more time than 11/18.
P/C ration on OI was 0.52 and today it is over 8. Seems there is some large put writing (selling puts) before earnings.
LAZR Hedged Options StrategyLuminar Technologies, Inc. makes sensor technologies and software for vehicles and is distributed internationally. Laser imaging, detection, ranging sensors, perception and autonomy software are becoming the norm in newer cars. LAZR stock has also made a few headlines this week as a couple of institutions have started or added to their positions, and most analysts have rated it a buy or hold. There's some recent rallying in growth stocks in general. Overall, it seems to be a promising young company making in-demand LiDAR products.
The doubts: Big name analysts (like GS) have cut its target price. Northland downgraded it from outperform to market perform. Fed rate hike next week. Technically, it's testing the lower EMAs and levels with some bullish patterns but who knows with the random gaps up and down these days.
Here's our hedged strategy
Buy 1 $5.00 Call
Buy 1 $7.50 Call
Sell 4 $2.50 Put
All expiring 1/19/24
This strategy can make up to 26% (20% annualized) and protect from a drop of up to 66% (cushion set way down to $2.50) as of 1/19/24.
Capital Required: $999
