Luna Innovations (LUNA) Stock Forecast, Price & News

3 Wall Street equities 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 equities research analysts is that investors should "buy" LUNA shares.
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3 Wall Street analysts have issued 1-year target prices for Luna Innovations' stock. 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 year. This suggests a possible upside of 2.8% from the stock's current price.
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Luna Innovations' stock was trading at $8.79 at the beginning of 2023. Since then, LUNA shares have increased by 1.5% and is now trading at $8.92.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Luna Innovations Incorporated (NASDAQ:LUNA) posted its quarterly earnings data on Tuesday, March, 14th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter. The scientific and technical instruments company had revenue of $31.70 million for the quarter, compared to analyst estimates 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%.

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.

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.

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).

Luna Innovations trades on the NASDAQ under the ticker symbol "LUNA."

Luna Innovations' stock is owned by a variety of institutional and retail investors. Top institutional investors 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%).
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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.
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One share of LUNA stock can currently be purchased for approximately $8.92.

Luna Innovations (NASDAQ:LUNA) has a market capitalization of $297.93 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.

The company employs 385 workers across the globe.

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.