The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LUNA is 32.18M, and at present, short sellers hold a 5.22% of that float. On March 27, 2024, the average trading volume of LUNA was 283.84K shares.
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LUNA) stock’s latest price update
Luna Innovations Inc (NASDAQ: LUNA)’s stock price has gone decline by -11.55 in comparison to its previous close of 3.55, however, the company has experienced a -19.07% decrease in its stock price over the last five trading days. Seeking Alpha reported 2023-11-14 that Luna Innovations Incorporated (NASDAQ:LUNA ) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET Company Participants Scott Graeff – President, Chief Executive Officer George Gomez-Quintero – Chief Financial Officer Allison Woody – Senior Director of Administration Brian Soller – Chief Technology Officer Conference Call Participants David Kang – B. Riley Paul Essi – William K.
LUNA’s Market Performance
Luna Innovations Inc (LUNA) has seen a -19.07% fall in stock performance for the week, with a -55.59% decline in the past month and a -55.77% plunge in the past quarter. The volatility ratio for the week is 10.75%, and the volatility levels for the past 30 days are at 8.82% for LUNA. The simple moving average for the past 20 days is -41.68% for LUNA’s stock, with a -55.06% simple moving average for the past 200 days.
Analysts’ Opinion of LUNA
Many brokerage firms have already submitted their reports for LUNA stocks, with Stifel repeating the rating for LUNA by listing it as a “Buy.” The predicted price for LUNA in the upcoming period, according to Stifel is $12.50 based on the research report published on July 28, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see LUNA reach a price target of $10. The rating they have provided for LUNA stocks is “Buy” according to the report published on May 22nd, 2023.
Northland Capital gave a rating of “Market Perform” to LUNA, setting the target price at $8 in the report published on March 15th of the previous year.
LUNA Trading at -51.65% from the 50-Day Moving Average
After a stumble in the market that brought LUNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.65% of loss for the given period.
Volatility was left at 8.82%, however, over the last 30 days, the volatility rate increased by 10.75%, as shares sank -55.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.49% lower at present.
During the last 5 trading sessions, LUNA fell by -19.07%, which changed the moving average for the period of 200-days by -67.43% in comparison to the 20-day moving average, which settled at $5.19. In addition, Luna Innovations Inc saw -52.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LUNA
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.59 for the gross margin
The net margin for Luna Innovations Inc stands at -0.02. The total capital return value is set at -0.01. Equity return is now at value -1.23, with -0.72 for asset returns.
Based on Luna Innovations Inc (LUNA), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.33. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -0.62.
Currently, EBITDA for the company is 3.78 million with net debt to EBITDA at 8.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.86.
Conclusion
To sum up, Luna Innovations Inc (LUNA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
