LAZR - Luminar Technologies Inc Stock Price, Fair Value and News

1.74USD-0.03 (-1.69%)Delayed as of 16 May 2024, 10:59 am ET

Market Summary

USD1.74-0.03

Delayedas of 16 May 2024, 10:59 am

-1.69%

LAZR Alerts

Big jump in Revenue (Y/Y)

Losses in recent quarter

LAZR Stock Price

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LAZR RSI Chart

LAZR Valuation

Market Cap

752.1M

Price/Earnings (Trailing)

-1.37

Price/Sales (Trailing)

9.87

EV/EBITDA

-1.27

Price/Free Cashflow

-2.73

LAZR Price/Sales (Trailing)

LAZR Profitability

Operating Margin

-89.88%

EBT Margin

-718.70%

Return on Equity

196.61%

Return on Assets

-117.58%

Free Cashflow Yield

-36.61%

LAZR Fundamentals

LAZR Revenue

Revenue (TTM)

76.2M

Rev. Growth (Yr)

44.52%

Rev. Growth (Qtr)

-5.18%

LAZR Earnings

Earnings (TTM)

-550.2M

Earnings Growth (Yr)

14.35%

Earnings Growth (Qtr)

15.29%

Breaking Down LAZR Revenue

52 Week Range

1.708.32

(Low)(High)

Last 7 days

-9.2%

Last 30 days

32.8%

Last 90 days

-34.3%

Trailing 12 Months

-70.4%

How does LAZR drawdown profile look like?

LAZR Financial Health

Current Ratio

3.38

Debt/Equity

6e-4

Debt/Cashflow

-1.5K

LAZR Investor Care

Shares Dilution (1Y)

14.62%

Diluted EPS (TTM)

-1.37

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	76.2M	0	0	0
2023	48.4M	54.6M	58.8M	69.8M
2022	33.5M	37.1M	41.9M	40.7M
2021	15.4M	18.3M	22.0M	31.9M
2020	14.7M	15.6M	17.7M	14.0M
2019	11.8M	11.9M	12.1M	12.2M
2018	0	0	0	11.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Luminar Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 05, 2024	fennimore thomas	sold (taxes)	-38,848	2.19	-17,739	chief financial officer
Mar 05, 2024	prescott alan	sold (taxes)	-87,551	2.19	-39,978	chief legal officer
Dec 06, 2023	heng jun hong	gifted	-	-	-60,000	-
Dec 05, 2023	prescott alan	acquired	-	-	590,551	chief legal officer
Dec 05, 2023	fennimore thomas	sold (taxes)	-853,157	2.48	-344,015	chief financial officer
Dec 05, 2023	prescott alan	sold (taxes)	-711,562	2.48	-286,920	chief legal officer
Dec 05, 2023	fennimore thomas	acquired	-	-	590,551	chief financial officer
Sep 29, 2023	simoncini matthew	acquired	84,998	5.265	16,144	-
Sep 29, 2023	tempesta daniel david	acquired	62,495	5.265	11,870	-
Sep 29, 2023	aeg holdings, llc	acquired	49,996	5.265	9,496	-

Which funds bought or sold LAZR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Voya Investment Management LLC	reduced	-17.23	-187,191	175,468	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	-384	539	-%
May 15, 2024	Cetera Advisors LLC	added	3.65	-21,728	33,405	-%
May 15, 2024	Cubist Systematic Strategies, LLC	new	-	4,197,860	4,197,860	0.02%
May 15, 2024	PLATINUM EQUITY, LLC	unchanged	-	-3,361,760	4,730,470	3.22%
May 15, 2024	Board of Trustees of The Leland Stanford Junior University	unchanged	-	-27,285	38,393	-%
May 15, 2024	Vivaldi Capital Management LP	added	0.15	-102,478	214,721	0.06%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	sold off	-100	-2,038,490	-	-%
May 15, 2024	IHT Wealth Management, LLC	unchanged	-	-42,224	59,425	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	added	49.91	-1,210	8,574	-%

Are Funds Buying or Selling LAZR?

Are funds buying LAZR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LAZR

No. of Funds

Unveiling Luminar Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	8.43%	25,705,363	SC 13G/A
Jan 31, 2024	blackrock inc.	5.3%	21,775,651	SC 13G/A
May 17, 2023	russell austin	26.9%	101,685,468	SC 13D/A
Feb 09, 2023	vanguard group inc	8.14%	21,618,862	SC 13G/A
Feb 03, 2023	blackrock inc.	6.8%	18,111,970	SC 13G
May 06, 2022	russell austin	27.8%	97,243,670	SC 13D/A
Feb 11, 2022	gic private ltd	4.39%	11,423,709	SC 13G/A
Feb 11, 2022	aeg holdings, llc	2.1%	5,570,280	SC 13G/A
Dec 27, 2021	russell austin	26.9%	97,088,670	SC 13D/A
Aug 13, 2021	russell austin	28.3%	101,588,670	SC 13D/A

Recent SEC filings of Luminar Technologies Inc

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
May 03, 2024	S-3ASR	S-3ASR
May 03, 2024	8-K	Current Report
Apr 25, 2024	DEFA14A	DEFA14A
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	ARS	ARS
Mar 26, 2024	8-K	Current Report
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading

Peers (Alternatives to Luminar Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	555.2B	94.7B	7.81%	4.55%	40.79	5.86	10.12%	15.85%
GM	52.5B	174.9B	6.56%	44.23%	4.92	0.3	8.79%	13.26%
F	48.9B	177.5B	0.57%	9.33%	12.45	0.28	7.54%	33.01%
APTV	22.2B	20.1B	11.92%	-10.11%	7.42	1.1	11.06%	348.88%
KMX	11.7B	26.5B	7.05%	7.67%	24.42	0.44	-10.61%	-1.15%
MID-CAP
BWA	8.5B	14.4B	13.22%	-13.99%	13.92	0.59	5.28%	-36.11%
ALSN	6.6B	3.1B	-6.21%	58.55%	9.88	2.15	8.82%	17.48%
ABG	4.8B	15.4B	11.44%	21.37%	8.51	0.31	2.10%	-39.62%
GT	3.7B	19.7B	7.67%	-10.61%	-5.76	0.19	-5.64%	-9328.57%
ADNT	2.7B	15.2B	1.23%	-14.72%	16.81	0.17	3.04%	1216.67%
SMALL-CAP
BLBD	1.7B	1.3B	49.11%	140.60%	21.35	1.36	26.17%	337.87%
AXL	928.7M	6.2B	13.02%	14.99%	-116.08	0.15	5.67%	-113.75%
CAAS	106.3M	573.5M	-1.69%	-31.63%	2.72	0.19	7.12%	39.36%
WKHS	72.4M	13.1M	27.78%	-73.68%	-0.58	5.53	160.69%	-5.67%
AYRO	6.2M	444.2K	-3.85%	119.30%	-0.19	13.95	-78.61%	-35.63%

Luminar Technologies Inc News

Latest updates

Luminar Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-5.2%	20,968,000	22,114,000	16,959,000	16,197,000	14,509,000	11,126,000	12,785,000	9,932,000	6,855,000	12,344,000	7,978,000	6,309,000	5,313,000	2,432,000	4,223,000	3,424,000	3,872,000	6,197,867	2,112,905	2,500,856	1,391,505
Cost Of Revenue	-28.1%	31,423,000	43,685,000	35,119,000	34,532,000	29,133,000	27,726,000	28,511,000	28,092,000	16,654,000	19,838,000	10,762,000	7,853,000	7,639,000	6,743,000	6,924,000	7,442,000	3,843,000	-	-	-	-
Gross Profit	51.5%	-10,455,000	-21,571,000	-18,160,000	-18,335,000	-14,624,000	-16,600,000	-15,726,000	-18,160,000	-9,799,000	-7,494,000	-2,784,000	-1,544,000	-2,326,000	-4,311,000	-2,701,000	-4,018,000	29,000	-	-	-	-
Operating Expenses	-9.2%	115,314,000	127,021,000	110,769,000	125,557,000	127,271,000	124,077,000	99,228,000	86,280,000	72,532,000	63,468,000	67,361,000	42,657,000	26,918,000	26,083,000	19,095,000	15,832,000	14,864,000	-	-	-	-
S&GA Expenses	28.3%	14,515,000	11,317,000	12,397,000	15,654,000	13,729,000	11,974,000	10,111,000	7,189,000	9,398,000	5,848,000	5,868,000	3,507,000	2,635,000	2,541,000	2,332,000	1,232,000	1,843,000	-	-	-	-
R&D Expenses	8.0%	67,750,000	62,745,000	62,937,000	67,483,000	69,052,000	64,925,000	46,308,000	40,941,000	33,109,000	29,048,000	25,890,000	19,913,000	14,010,000	10,383,000	10,152,000	9,708,000	8,408,000	-	-	-	-
EBITDA Margin	13.3%	-6.61	-7.62	-9.15	-9.73	-10.05	-10.51	-8.54	-7.99	-7.22	-7.30	-21.42	-24.62	-26.85	-24.08	-4.79	-3.31	-3.35	-4.02	0.79	-6.31	-6.38
Interest Expenses	-48.3%	2,757,000	5,331,000	2,779,000	1,273,000	1,665,000	2,007,000	2,660,000	3,148,000	3,280,000	1,167,000	374,000	288,000	200,000	788,000	1,076,000	489,000	532,000	-	-	-	-
Income Taxes	-57.8%	587,000	1,391,000	296,000	9,000	-	108,000	175,000	-13,000	400,000	19,000	-1,300,000	-	-	-109,176	-	-32,143	250,495	-1,132,843	405,292	449,295	278,256
Earnings Before Taxes	14.9%	-125,127,000	-147,010,000	-134,042,000	-141,747,000	-146,774,000	-144,711,000	-117,375,000	-95,252,000	-87,929,000	-73,892,000	-52,604,000	-36,830,000	-75,923,000	-311,012,155	-31,211,000	-153,065	1,019,375	-59,028,243	1,912,109	2,309,931	1,172,446
EBT Margin	12.0%	-7.19	-8.16	-9.65	-10.08	-10.43	-10.94	-8.93	-8.35	-7.50	-7.49	-21.62	-24.89	-27.18	-24.47	-5.04	-3.60	-3.66	-4.40	0.44	-6.66	-6.73
Net Income	15.3%	-125,714,000	-148,401,000	-134,338,000	-141,756,000	-146,774,000	-144,817,000	-117,550,000	-95,239,000	-88,333,000	-73,893,000	-51,340,000	-36,830,000	-75,923,000	-290,071,000	-31,211,000	-25,435,000	-15,581,000	-58,461,821	1,506,817	1,860,636	894,190
Net Income Margin	11.8%	-7.22	-8.19	-9.66	-10.09	-10.43	-10.96	-8.95	-8.32	-7.48	-7.45	-20.61	-23.75	-27.46	-25.97	-7.38	-6.28	-4.81	-4.44	0.35	-6.66	-6.73
Free Cashflow	-54.0%	-82,513,000	-53,564,000	-60,841,000	-78,460,000	-76,354,000	-79,010,000	-52,147,000	-54,848,000	-37,841,000	-56,443,000	-37,518,000	-31,990,000	-28,903,000	-28,150,000	-15,008,000	-16,255,000	-18,431,000	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-8.7%	468	512	553	600	658	687	743	776	808	884	608	626	651	510	191	50.00	35.00	52.00	73.00	404	403
Current Assets	-12.5%	307	351	389	435	494	555	613	671	758	845	578	602	627	501	182	1.00	1.00	41.00	2.00	1.00	2.00
Cash Equivalents	-20.0%	111	139	75.00	89.00	90.00	70.00	57.00	78.00	160	331	130	135	207	210	51.00	21.00	8.00	27.00	1.00	0.00	1.00
Inventory	34.6%	16.00	12.00	17.00	20.00	15.00	9.00	9.00	9.00	10.00	10.00	8.00	4.00	3.00	4.00	3.00	5.00	6.00	4.00	5.00	-	-
Net PPE	-6.3%	62.00	66.00	73.00	79.00	78.00	30.00	22.00	20.00	16.00	11.00	-	-	-	8.00	8.00	-	-	8.00	-	-	-
Goodwill	0%	7.00	7.00	20.00	20.00	20.00	19.00	19.00	18.00	16.00	3.00	3.00	1.00	1.00	1.00	1.00	-	-	1.00	-	-	-
Liabilities	1.4%	748	737	719	729	741	714	700	687	684	686	69.00	79.00	84.00	362	62.00	14.00	15.00	19.00	15.00	15.00	15.00
Current Liabilities	8.3%	91.00	84.00	86.00	94.00	100	78.00	62.00	58.00	47.00	39.00	33.00	24.00	21.00	17.00	18.00	0.00	1.00	15.00	1.00	0.00	1.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	27.00	-	-	2.00	-	-	-
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	2.00	-	-	8.00	-	-	-
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	27.00	-	-	2.00	-	-	-
Shareholder's Equity	-24.5%	-279	-224	-	-	-82.28	-26.40	43.00	89.00	124	198	539	547	567	149	5.00	6.00	6.00	5.00	5.00	5.00	5.00
Retained Earnings	-6.8%	-1,965	-1,839	-1,691	-1,556	-1,415	-1,268	-1,123	-1,006	-910	-822	-748	-697	-660	-584	-294	6.00	6.00	-222	4.00	3.00	1.00
Additional Paid-In Capital	3.7%	1,998	1,927	1,838	1,741	1,647	1,559	1,485	1,413	1,315	1,257	1,288	1,244	1,228	733	15.00	0.00	0.00	10.00	1.00	2.00	4.00
Accumulated Depreciation	18.9%	34.00	28.00	26.00	16.00	12.00	10.00	9.00	8.00	8.00	7.00	-	-	-	6.00	-	-	-	5.00	-	-	-
Shares Outstanding	9.1%	425	389	383	377	371	356	354	350	349	346	342	340	333	145	131	129	129	119	9.00	-	-
Float	-	-	-	-	1,900	-	-	-	1,500	-	-	-	4,600	-	-	-	359	-	-	-	403	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-53.9%	-81,229	-52,778	-56,543	-73,309	-64,674	-74,673	-48,361	-52,361	-32,837	-54,165	-36,073	-30,169	-28,014	-27,911	-13,753	-16,445	-17,533	-14,803	-48,517	1,477	1,643
Share Based Compensation	-5.6%	44,465	47,101	44,882	59,195	55,954	44,531	52,551	38,625	26,698	27,797	33,520	14,530	1,837	4,001	1,297	2,285	1,128	-	-	-	-
Cashflow From Investing	-64.6%	34,426	97,122	23,138	53,767	62,599	87,066	27,916	7,399	-94,395	-50,612	28,867	-44,089	-128,354	-159,341	-112,030	-1,844	1,421	-7,024	403,132	-2,495	-401,390
Cashflow From Financing	-3.4%	17,475	18,092	20,097	18,879	23,129	1,409	51.00	-37,467	-43,344	305,431	1,840	2,217	154,104	346,046	155,840	30,692	-2,728	-2,628	-312,899	-	400,985
Buy Backs	-	-	-	-	-	-	-	-	36,958	39,648	-	-	-	-	-10.00	-	-	-	-	-	-	-

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LAZR Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total revenue	$ 20,968	$ 14,509
Total cost of sales	31,423	29,133
Gross loss	(10,455)	(14,624)
Operating expenses:
Research and development	67,750	69,052
Sales and marketing	14,515	13,729
General and administrative	33,049	44,490
Total operating expenses	115,314	127,271
Loss from operations	(125,769)	(141,895)
Change in fair value of warrant liabilities	821	(1,054)
Interest expense	(2,757)	(1,665)
Interest income	3,430	1,905
Gain on bargain purchase	1,752	0
Losses related to investments and certain other assets, and other income (expense)	(2,604)	(4,065)
Total other income (expense), net	642	(4,879)
Loss before provision for income taxes	(125,127)	(146,774)
Provision for income taxes	587	0
Net loss	$ (125,714)	$ (146,774)
Net loss per share:
Basic (in dollars per share)	$ (0.30)	$ (0.40)
Diluted (in dollars per share)	$ (0.30)	$ (0.40)
Shares used in computing net loss per share:
Basic (in shares)	424,929,163	370,742,917
Diluted (in shares)	424,929,163	370,742,917
Comprehensive Loss:
Net loss	$ (125,714)	$ (146,774)
Net unrealized gain (loss) on available-for-sale debt securities	(70)	2,226
Comprehensive loss	(125,784)	(144,548)
Products
Total revenue	15,302	7,367
Total cost of sales	24,507	19,203
Services
Total revenue	5,666	7,142
Total cost of sales	$ 6,916	$ 9,930

LAZR Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 109,563	$ 139,095
Restricted cash	1,733	1,529
Marketable securities	108,768	150,727
Accounts receivable	29,034	14,124
Inventory	16,417	12,196
Prepaid expenses and other current assets	41,122	32,950
Total current assets	306,637	350,621
Property and equipment, net	62,127	66,300
Operating lease right-of-use assets	46,631	42,706
Intangible assets, net	21,994	22,994
Goodwill	7,390	7,390
Other non-current assets	23,166	22,356
Total assets	467,945	512,367
Current liabilities:
Accounts payable	27,359	21,113
Accrued and other current liabilities	52,136	52,605
Operating lease liabilities	11,309	10,154
Total current liabilities	90,804	83,872
Warrant liabilities	248	1,069
Convertible senior notes	616,237	615,428
Operating lease liabilities, non-current	38,386	35,079
Other non-current liabilities	2,115	1,667
Total liabilities	747,790	737,115
Commitments and contingencies (Note 14)
Stockholders’ deficit:
Additional paid-in capital	1,998,063	1,927,378
Accumulated other comprehensive income (loss)	(68)	2
Treasury stock	(312,477)	(312,477)
Accumulated deficit	(1,965,409)	(1,839,695)
Total stockholders’ deficit	(279,845)	(224,748)
Total liabilities and stockholders’ deficit	467,945	512,367
Class A common stock
Stockholders’ deficit:
Common stock	36	34
Class B common stock
Stockholders’ deficit:
Common stock	$ 10	$ 10

About Luminar Technologies Inc

Luminar 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 Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, 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 Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. 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.

CEO	Mr. Austin Russell
WEBSITE	luminartech.com
INDUSTRY	Autos
EMPLOYEES	600

Luminar Technologies Inc Frequently Asked Questions

What is the ticker symbol for Luminar Technologies Inc? What does LAZR stand for in stocks?

LAZR is the stock ticker symbol of Luminar Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Luminar Technologies Inc (LAZR)?

As of Wed May 15 2024, market cap of Luminar Technologies Inc is 752.12 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LAZR stock?

You can check LAZR's fair value in chart for subscribers.

What is the fair value of LAZR stock?

You can check LAZR's fair value in chart for subscribers. The fair value of Luminar Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Luminar Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LAZR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Luminar Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether LAZR is over valued or under valued. Whether Luminar Technologies Inc is cheap or expensive depends on the assumptions which impact Luminar Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LAZR.

What is Luminar Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, LAZR's PE ratio (Price to Earnings) is -1.37 and Price to Sales (PS) ratio is 9.87. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LAZR PE ratio will change depending on the future growth rate expectations of investors.