Velodyne vs. Aeva Technologies: Which Lidar Stock is a Better Buy?
StockNews
Published Aug 18, 2021 05:14PM ET
Updated Aug 18, 2021 06:30PM ET
Velodyne vs. Aeva Technologies: Which Lidar Stock is a Better Buy?
The lidar industry is advancing at a promising pace. However, analysts predict the industry’s growth could be constrained by certain factors—including the global semiconductor chip shortage—in the near term. So, continue reading to learn which, if either, of the Lidar stocks Velodyne Lidar (VLDR), and Aeva Technologies (AEVA) is worth betting on now.Velodyne Lidar, Inc. (VLDR) in San Jose, Calif., provides a real-time three-dimensional vision for autonomous systems worldwide. The company offers a broad lineup of directional sensors, close-range sensors, and software solutions. In comparison, Palo Alto, Calif.-based Aeva Technologies, Inc. (AEVA), through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications.
Significant technological advancement and rising demand for 3D imagery in various industries are driving the growth of the lidar industry. Governments and various institutions around the globe are relying on lidar technology for topographical surveys, surveillance, monitoring purposes, and self-driving cars.
However, the global semiconductor chip shortage is expected to be a major headwind against the industry’s growth over the next few months. Also, a lack of awareness and knowledge about lidar among customers is recognized as a restraint for the market and, thus, lesser-known Lidar companies could find it challenging to stay afloat. So, let’s take a closer look at two lidar stocks VLDR and AEVA.VLDR's share price has slumped 36.6% over the past three months, while AEVA's has retreated only marginally over the period. Also, VLDR’s 26.2% loss over the past month compares with AEVA’s 19.3% loss.
Continue reading on StockNews
Get The News You Want
Written By: StockNews
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.