NASDAQ:LUNA

Luna Innovations (LUNA) Stock Forecast, Price & News

$9.28

+0.14 (+1.53%)

(As of 06/2/2023 ET)

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Today's Range: $8.77
▼
$9.35
50-Day Range: $5.98
▼
$9.29
52-Week Range: $4.06
▼
$10.97

Volume: 223,746 shs
Average Volume: 233,067 shs
Market Capitalization: $309.95 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.17

Luna Innovations MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 1.2% Downside
$9.17 Price Target
Short Interest: Healthy
0.88% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.21
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 47.62%
From $0.21 to $0.31 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Business Services Sector

273rd out of 339 stocks

Commercial Physical Research Industry

14th out of 16 stocks

1.3

Analyst's Opinion

Consensus Rating
Luna Innovations has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.17, Luna Innovations has a forecasted downside of 1.2% from its current price of $9.28.
Amount of Analyst Coverage
Luna Innovations has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.88% of the outstanding shares of Luna Innovations have been sold short.
Short Interest Ratio / Days to Cover
Luna Innovations has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Luna Innovations has recently decreased by 9.17%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Luna Innovations does not currently pay a dividend.
Dividend Growth
Luna Innovations does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LUNA.

1.8

News and Social Media Coverage

News Sentiment
Luna Innovations has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Luna Innovations this week, compared to 10 articles on an average week.
Search Interest
4 people have searched for LUNA on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Luna Innovations to their MarketBeat watchlist in the last 30 days. This is a decrease of -90% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Luna Innovations insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.10% of the stock of Luna Innovations is held by insiders.
Percentage Held by Institutions
49.04% of the stock of Luna Innovations is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Luna Innovations are expected to grow by 47.62% in the coming year, from $0.21 to $0.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Luna Innovations is -132.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Luna Innovations is -132.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Luna Innovations has a P/B Ratio of 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Luna Innovations (NASDAQ:LUNA) Stock

Luna Innovations, Inc. engages as an advanced optical technology company. The firm provides high performance fiber optic test, measurement and control products for the telecommunications and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, energy, oil and gas, security and infrastructure. Its distributed fiber optic sensing products help designers and manufacturers more efficiently develop new and innovative products by measuring stress, strain, and temperature at a high resolution for new designs or manufacturing processes. The company was founded by Kent A. Murphy in July 1990 and is headquartered in Roanoke, VA.

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LUNA Stock News Headlines

June 3, 2023 | news.yahoo.com

Beauty Around the Clock: Luna Blaise Boyd

June 2, 2023 | msn.com

Electric Luna first image LEAKED!

June 3, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>

June 1, 2023 | yahoo.com

Chrissy Teigen Shares Too Cute To Miss Photo of Lookalike Daughter Luna — & Zooms in on One Part Making Moms LOL

June 1, 2023 | msn.com

Luna Lauren Velez of ‘Spider-Man: Across the Spider-Verse’ reveals her mom is her superhero

June 1, 2023 | news.yahoo.com

Diego Luna and Tony Gilroy tease Andor season 2 time jumps and the 'responsibility' of ending Cassian's story

June 1, 2023 | msn.com

Diego Luna and Tony Gilroy tease

May 31, 2023 | msn.com

Needham Reiterates Luna Innovations (LUNA) Buy Recommendation

June 3, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

May 31, 2023 | msn.com

Iconic Kinetic Luna To Make A Comeback As An Electric Moped, CEO Confirms

May 30, 2023 | forbes.com

Gabriel Luna’s Stellar Year: From ‘The Last Of Us’ To Reuniting With Arnold Schwarzenegger On ‘Fubar’

May 26, 2023 | sports.yahoo.com

US striker Diego Luna gives shout out to El Paso after big goal at U-20 World Cup

May 26, 2023 | msn.com

Unihertz Luna Review: A budget Nothing Phone with brighter LEDs

May 25, 2023 | foxnews.com

GOP Rep. Anna Paulina Luna seeks $16 million fine against Adam Schiff for 'lies' about Trump-Russia collusion

May 25, 2023 | news.yahoo.com

Gabriel Luna Only Plays Bad Guys for Arnold Schwarzenegger

May 24, 2023 | msn.com

Florida Rep. Anna Luna files motion to fine Schiff $16M for ‘Russiagate lies’

May 24, 2023 | msn.com

GOP Rep. Anna Paulina Luna seeks $16 million fine against Adam Schiff for ‘lies’ about Trump-Russia collusion

May 24, 2023 | finance.yahoo.com

Shareholders have faith in loss-making Luna Innovations (NASDAQ:LUNA) as stock climbs 11% in past week, taking five-year gain to 162%

May 24, 2023 | americanbankingnews.com

Luna Innovations (NASDAQ:LUNA) Coverage Initiated at Needham & Company LLC

May 22, 2023 | news.yahoo.com

Gabriel Luna Is Open to a Marvel Return as Ghost Rider

May 22, 2023 | news.yahoo.com

Celebrate Amazon Gaming Week with the best device deals on Luna, Eero and Fire HD

May 22, 2023 | msn.com

Needham Initiates Coverage of Luna Innovations (LUNA) with Buy Recommendation

May 22, 2023 | fxstreet.com

Cryptocurrencies Price Prediction: Terra Luna Classic, Shiba Inu & Dogecoin — Asian Wrap 22 May

May 21, 2023 | fxstreet.com

Terra Luna Classic price needs consolidate for longer before LUNC triggers a quick rally

May 20, 2023 | cbsnews.com

Sheriff Luna threatens to fire those who do not cooperate in deputy gang investigations

May 18, 2023 | forbes.com

Why Gabriel Luna Axed His ‘Stock Answer’ To Playing Ghost Rider In MCU

May 18, 2023 | americanbankingnews.com

Luna Innovations (NASDAQ:LUNA) Now Covered by StockNews.com

See More Headlines

LUNA Price History

30 days | 90 days | 365 days | Advanced Chart

LUNA Company Calendar

Last Earnings: 3/14/2023
Today: 6/02/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Commercial physical research
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:LUNA
CUSIP: N/A
CIK: 1239819
Web: www.lunainc.com
Phone: (540) 769-8400
Fax: 540-769-8401
Employees: 385
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.17
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: -1.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 44.19
P/E Growth: N/A
Net Income: $9.28 million
Net Margins: -1.91%
Pretax Margin: -2.20%
Return on Equity: 2.55%
Return on Assets: 1.57%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 2.76
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: $109.50 million
Price / Sales: 2.83
Cash Flow: $0.28 per share
Price / Cash Flow: 33.46
Book Value: $2.82 per share
Price / Book: 3.29

Miscellaneous

Outstanding Shares: 33,400,000
Free Float: 31,367,000
Market Cap: $309.95 million
Optionable: Not Optionable
Beta: 1.28

Key Executives

Scott A. Graeff
President, CEO, Secretary, Treasurer & Director

Jackie Kline
Senior Vice President-Operations

Eugene Nestro
Chief Financial Officer & SVP-Finance

Brian J. Soller
Chief Technology Officer & EVP

Salvan Farooqui
SVP & Head-Global Sales& Marketing

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LUNA Stock - Frequently Asked Questions

Should I buy or sell Luna Innovations stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Luna Innovations in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LUNA shares.
View LUNA analyst ratings or view top-rated stocks.
What is Luna Innovations' stock price forecast for 2023?: 3 brokers have issued twelve-month price objectives for Luna Innovations' shares. Their LUNA share price forecasts range from $8.00 to $10.00. On average, they predict the company's stock price to reach $9.17 in the next twelve months. This suggests that the stock has a possible downside of 1.2%.
View analysts price targets for LUNA or view top-rated stocks among Wall Street analysts.
How have LUNA shares performed in 2023?: Luna Innovations' stock was trading at $8.79 at the beginning of 2023. Since then, LUNA shares have increased by 5.6% and is now trading at $9.28.
View the best growth stocks for 2023 here.
When is Luna Innovations' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our LUNA earnings forecast.
How were Luna Innovations' earnings last quarter?: Luna Innovations Incorporated (NASDAQ:LUNA) announced its quarterly earnings results on Tuesday, March, 14th. The scientific and technical instruments company reported $0.06 EPS for the quarter. The scientific and technical instruments company earned $31.70 million during the quarter, compared to the consensus estimate of $32.19 million. Luna Innovations had a negative net margin of 1.91% and a positive trailing twelve-month return on equity of 2.55%.
What guidance has Luna Innovations issued on next quarter's earnings?: Luna Innovations updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $125.00 million-$130.00 million, compared to the consensus revenue estimate of $126.72 million.
What is Scott A. Graeff's approval rating as Luna Innovations' CEO?: 4 employees have rated Luna Innovations Chief Executive Officer Scott A. Graeff on Glassdoor.com. Scott A. Graeff has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Luna Innovations own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Luna Innovations investors own include Roku (ROKU), General Electric (GE), Advanced Micro Devices (AMD), Inovio Pharmaceuticals (INO), Novavax (NVAX), NVIDIA (NVDA), Enphase Energy (ENPH), Nokia Oyj (NOK), Pfizer (PFE) and AbbVie (ABBV).
What is Luna Innovations' stock symbol?: Luna Innovations trades on the NASDAQ under the ticker symbol "LUNA."
Who are Luna Innovations' major shareholders?: Luna Innovations' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (5.58%), AMH Equity Ltd (4.53%), Punch & Associates Investment Management Inc. (3.67%), Dimensional Fund Advisors LP (2.73%), Wasatch Advisors LP (2.09%) and Rice Hall James & Associates LLC (1.45%).
View institutional ownership trends.
How do I buy shares of Luna Innovations?: Shares of LUNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Luna Innovations' stock price today?: One share of LUNA stock can currently be purchased for approximately $9.28.
How much money does Luna Innovations make?: Luna Innovations (NASDAQ:LUNA) has a market capitalization of $309.95 million and generates $109.50 million in revenue each year. The scientific and technical instruments company earns $9.28 million in net income (profit) each year or ($0.07) on an earnings per share basis.
How many employees does Luna Innovations have?: The company employs 385 workers across the globe.
How can I contact Luna Innovations?: Luna Innovations' mailing address is 301 FIRST STREET SW SUITE 200, ROANOKE VA, 24011. The official website for the company is www.lunainc.com. The scientific and technical instruments company can be reached via phone at (540) 769-8400, via email at ir@lunainnovations.com, or via fax at 540-769-8401.

This page (NASDAQ:LUNA) was last updated on 6/3/2023 by MarketBeat.com Staff

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