Does Luna Innovations Inc (NASDAQ:LUNA) Look Expensive At $3.19? Here’s How To Know.

In last trading session, Luna Innovations Inc (NASDAQ:LUNA) saw 0.39 million shares changing hands with its beta currently measuring 1.55. Company’s recent per share price level of $3.19 trading at -$0.1 or -3.04% at ring of the bell on the day assigns it a market valuation of $108.33M. That closing price of LUNA’s stock is at a discount of -235.42% from its 52-week high price of $10.70 and is indicating a premium of 40.13% from its 52-week low price of $1.91. Taking a look at company’s average trading volume volume of 605.69K if we extend that period to 3-months.

Luna Innovations Inc (NASDAQ:LUNA) trade information

Upright in the red during last session for losing -3.04%, in the last five days LUNA remained trading in the red while hitting it’s week-highest on Wednesday, 06/12/24 when the stock touched $3.19 price level, adding 17.99% to its value on the day. Luna Innovations Inc’s shares saw a change of -52.03% in year-to-date performance and have moved -9.38% in past 5-day. Luna Innovations Inc (NASDAQ:LUNA) showed a performance of 11.54% in past 30-days.

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Luna Innovations Inc (LUNA) estimates and forecasts

This year revenue growth is estimated to rise 11.10% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 36.78M for the same. And 1 analysts are in estimates of company making revenue of 32.05M in the next quarter. Company posted 31.7M and 24.27M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.69% during past 5 years.

LUNA Dividends

Luna Innovations Inc is more likely to be releasing its next quarterly report in July and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.