In last trading session, Luna Innovations Inc (NASDAQ:LUNA) saw 0.1 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $1.78 trading at -$0.04 or -2.20% at ring of the bell on the day assigns it a market valuation of $60.44M. That closing price of LUNA’s stock is at a discount of -344.94% from its 52-week high price of $7.92 and is indicating a premium of 19.66% from its 52-week low price of $1.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.19 million shares which gives us an average trading volume of 178.76K if we extend that period to 3-months.
For Luna Innovations Inc (LUNA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.12 in the current quarter.
Luna Innovations Inc (NASDAQ:LUNA) trade information
Upright in the red during last session for losing -2.20%, in the last five days LUNA remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $1.78 price level, adding 16.82% to its value on the day. Luna Innovations Inc’s shares saw a change of -73.23% in year-to-date performance and have moved 9.20% in past 5-day. Luna Innovations Inc (NASDAQ:LUNA) showed a performance of 4.40% in past 30-days. Number of shares sold short was 1.68 million shares which calculate 8.58 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 82.2% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -461.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -461.8% for stock’s current value.
Luna Innovations Inc (LUNA) estimates and forecasts
This year revenue growth is estimated to rise 9.68% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 35.19M for the same. And 1 analysts are in estimates of company making revenue of 27.55M in the next quarter. Company posted 31.7M and 25.05M 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 Innovations Inc (NASDAQ:LUNA)’s Major holders
Insiders are in possession of 8.07% of company’s total shares while institution are holding 47.97 percent of that, with stock having share float percentage of 52.18%. Investors also watch the number of corporate investors in a company very closely, which is 47.97% institutions for Luna Innovations Inc that are currently holding shares of the company. ROYCE & ASSOCIATES LP is the top institutional holder at LUNA for having 2.69 million shares of worth $8.61 million. And as of 2024-06-30, it was holding 7.9294 of the company’s outstanding shares.
The second largest institutional holder is WASATCH ADVISORS LP, which was holding about 2.28 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7239 of outstanding shares, having a total worth of $7.3 million.
