In the last trading session, 97737.0 Luna Innovations Inc (NASDAQ:LUNA) shares changed hands as the company’s beta touched 1.63. With the company’s per share price at $1.62 changed hands at $0.05 or 3.18% during last session, the market valuation stood at $56.04M. LUNA’s last price was a discount, traded about -388.89% off its 52-week high of $7.92. The share price had its 52-week low at $1.43, which suggests the last value was 11.73% up since then. When we look at Luna Innovations Inc’s average trading volume, we note the 10-day average is 0.14 million shares, with the 3-month average coming to 170.75K.
Analysts gave the Luna Innovations Inc (LUNA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LUNA as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
Luna Innovations Inc (NASDAQ:LUNA) trade information
Instantly LUNA was in green as seen at the end of in last trading. With action 0.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -75.19%, with the 5-day performance at 0.30% in the green. However, in the 30-day time frame, Luna Innovations Inc (NASDAQ:LUNA) is -11.29% down. Looking at the short shares, we see there were 1.69 million shares sold at short interest cover period of 9.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 83.8% from its current market value. According to analyst projections, LUNA’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a -517.28% plunge from its current level, while the stock would need to soar -517.28% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.69%.
LUNA Dividends
Luna Innovations Inc is expected to release its next quarterly earnings report in January.
Luna Innovations Inc (NASDAQ:LUNA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.07% of Luna Innovations Inc shares while 47.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.09%. There are 47.89% institutions holding the Luna Innovations Inc stock share, with ROYCE & ASSOCIATES LP the top institutional holder. As of 2024-06-30, the company held 7.9294% of the shares, roughly 2.69 million LUNA shares worth $8.61 million.
WASATCH ADVISORS LP holds the second largest percentage of outstanding shares, with 6.7239% or 2.28 million shares worth $7.3 million as of 2024-06-30.
