What’s Happening With Luminar Stock?
January 31, 2021
[12/28/2020] Velodyne vs. Luminar: Which Is The Better Lidar Stock?
Velodyne Lidar (NASDAQ: VLDR) and Luminar Technologies (NASDAQ: LAZR), two companies that specialize in lidar technology, went public this year. Lidar – a laser-based technology, which essentially helps computers detect surrounding objects – is poised to grow meaningfully, driven by the broader adoption of self-driving cars, helping both companies. However, the two stocks are valued rather differently. While Luminar’s market cap stands at roughly $10 billion, trading at over 350x projected 2021 revenue, Velodyne – which is actually the more established player in the lidar market – is valued at under $4 billion, or a P/S multiple of about 25x. Let’s take a look at the two companies’ businesses to understand what’s driving the disparity in their valuation and which could be the better pick.
See our dashboard analysis Velodyne Vs. Luminar: Which Lidar Stock Should You Pick? for an overview of the two companies’ valuation and fundamental performance in recent years.
Search
RECENT PRESS RELEASES
Unlocking The Future With Clean Energy: A Global...
SWI Editorial Staff2024-05-02T06:48:09-07:00May 2, 2024|
Solar Developers Amped Up for Change
SWI Editorial Staff2024-05-02T06:48:08-07:00May 2, 2024|
The Idea of You ending – how it...
SWI Editorial Staff2024-05-02T05:56:20-07:00May 2, 2024|
The Richest Person In Every State 2024
SWI Editorial Staff2024-05-02T05:56:18-07:00May 2, 2024|
Amazon Pet Day 2024 Deals Preview: 50 of...
SWI Editorial Staff2024-05-02T05:56:17-07:00May 2, 2024|
Is Google A Buy Amid Q1 Earnings Beat,...
SWI Editorial Staff2024-05-02T05:55:36-07:00May 2, 2024|
Related Post