If McCall knows anything, it’s technology. Instead of sending significant sums out the door in the form of licensing fees, LAZR is going to soak up a greater share of the upside. Not only does it enable the company to differentiate itself, but it also provides opportunity for higher profit margins once Luminar scales up.
As I said previously, there are many advantages to this approach. Instead of farming out the development of components to third parties, the company has built its system completely in-house. But as our own Matt McCall notes, Luminar is well prepared for the competitive onslaught, writing: That has attracted both direct competitors in the space, along with electric vehicle firms like Tesla (NASDAQ: TSLA) developing their own solutions.
#SHOULD I BUY LUMINAR STOCK FULL#
Primarily, the future is rapidly shifting toward full autonomy. As great of a company as Luminar may be, it’s extremely difficult to stem a panicked rush for the exits.Īt the same time, there’s a case to be made for taking a chance at this cheapened rate. Now, the pivotal question - is LAZR stock a compelling buy or should proponents wait for an even juicier discount? While down 31% from a mid-February high, some justification for caution exists. As the technology-centric Nasdaq Composite Index took a hit, so too did LAZR. Yet at the same time, Luminar doesn’t function within a bubble. As a specialist in lidar ( light detection and ranging), LAZR stock represents a direct investment in the push for fully automated transportation. Perhaps one of the most interesting dynamics in the market right now is found in shares of Luminar Technologies (NASDAQ: LAZR).
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