#Should i buy luminar stock skin#

Plus, there’s someone in Luminar’s executive suite with some serious skin in the game.įor his part, JPMorgan analyst Samik Chatterjee clearly disagrees with Cramer’s gruff attitude about Luminar Technologies. Opinions will vary, and one analyst’s opinion is definitely bullish. In any case, Cramer isn’t the only person with a stance on LAZR stock. The CEO Is Buying LAZR Stock, And an Analyst Is Bullish Besides, with that pace of revenue growth, Luminar could close its profitability gap sometime soon. That’s not a horrendous per-share quarterly earnings loss if the stock is trading at $7 and change. However, the company also reported a GAAP net loss of 27 cents per share. In the company’s most recently reported quarter, Luminar posted a 57% year-over-year (YOY) revenue increase - not too shabby. Technically, what Cramer said is accurate. Still, we can delve into Luminar’s financial performance to see if Cramer’s off base here.

Some of today’s most successful businesses didn’t make money in their early stages. Now, that’s a generalization if I ever heard one. We’re not in favor of companies that do not make money.” Reportedly, during a recent Lightning Round of Mad Money, Cramer said about Luminar Technologies, “It’s not making money. So, it’s notable that Cramer isn’t bullish on LAZR stock. When Mad Money host Jim Cramer talks, people listen - and sometimes base their trades on his recommendations.