NSANY - Luminar Technologies Stock Forecast: Has The Price Hit A Bottom?

• Luminar's stock has lost more than 80% of its value since its post-IPO peak. The stock has continued on a decline of more than 50% this year.
• In addition to macroeconomic headwinds, industry- and company-specific challenges such as regulatory scrutiny and estimate misses have also weighed on Luminar's stock performance.
• Luminar could make an attractive long-term investment given its first-mover advantage in advanced long-range auto LIDAR systems, as well as the fast-growing autonomous mobility industry.
• However, we believe the stock could trend lower for a more attractive entry, considering the current market climate given Luminar's business risks as an emerging player within a still-nascent technology landscape.

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