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NASDAQ:LUNA - Luna Innovations Stock Price, Forecast & News

$5.83
-0.34 (-5.51 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$5.69
Now: $5.83
$6.00
50-Day Range
$4.73
MA: $7.15
$9.23
52-Week Range
$3.90
Now: $5.83
$9.32
Volume298,618 shs
Average Volume398,575 shs
Market Capitalization$164.00 million
P/E Ratio38.87
Dividend YieldN/A
Beta1.16
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software. This segment also offers optoelectronic solutions for various applications, such as metrology, missile guidance, flame monitoring, temperature sensing, particle detection, color sensing, infrared detection, and other applications; and terahertz sensing systems, which are used to measure and verify physical properties online and in real-time. In addition, this segment conducts applied research in the fiber optic sensing area for corporate and government customers. The Technology Development segment provides applied research for customers principally in the areas of sensing and instrumentation, advanced materials, and health sciences. The company sells its products to telecommunications companies, defense agencies, government system integrators, researchers, original equipment manufacturers, distributors, testing labs, and strategic partners directly, as well as through manufacturer representative organizations, partner and distribution channels, technical sales engineers, value added resellers, and independent sales representatives. Luna Innovations Incorporated was founded in 1990 and is headquartered in Roanoke, Virginia.
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Industry, Sector and Symbol

Industry Commercial physical research
Sub-IndustryN/A
SectorBusiness Services
Current SymbolNASDAQ:LUNA
CUSIPN/A
Phone540-769-8400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$70.52 million
Cash Flow$0.26 per share
Book Value$2.40 per share

Profitability

Net Income$5.34 million

Miscellaneous

Employees196
Market Cap$164.00 million
Next Earnings Date5/13/2020 (Estimated)
OptionableNot Optionable

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Luna Innovations (NASDAQ:LUNA) Frequently Asked Questions

How has Luna Innovations' stock been impacted by COVID-19 (Coronavirus)?

Luna Innovations' stock was trading at $5.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LUNA shares have decreased by 2.7% and is now trading at $5.83. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Luna Innovations?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luna Innovations in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Luna Innovations.

When is Luna Innovations' next earnings date?

Luna Innovations is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Luna Innovations.

How were Luna Innovations' earnings last quarter?

Luna Innovations Incorporated (NASDAQ:LUNA) released its earnings results on Thursday, March, 5th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.04. The scientific and technical instruments company had revenue of $19.48 million for the quarter, compared to analysts' expectations of $18.46 million. Luna Innovations had a net margin of 7.57% and a return on equity of 8.17%. View Luna Innovations' earnings history.

What guidance has Luna Innovations issued on next quarter's earnings?

Luna Innovations issued an update on its FY 2020 After-Hours earnings guidance on Thursday, March, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $81-84 million, compared to the consensus revenue estimate of $79.8 million.

What price target have analysts set for LUNA?

2 brokerages have issued 12 month price targets for Luna Innovations' stock. Their forecasts range from $7.00 to $9.00. On average, they anticipate Luna Innovations' share price to reach $8.00 in the next twelve months. This suggests a possible upside of 37.2% from the stock's current price. View analysts' price targets for Luna Innovations.

What are Wall Street analysts saying about Luna Innovations stock?

Here are some recent quotes from research analysts about Luna Innovations stock:
  • 1. According to Zacks Investment Research, "LUNA INNOVATIONS INCORPORATED develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Luna develops technologies in four primary areas: Sensors & Systems; Health Sciences; Materials & Secure Computing. Luna's product offerings generally fit into two categories: Instrumentation, Test & Measurement & Healthcare. The products are used to measure, monitor, protect and improve critical processes in the markets we serve. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in Roanoke, Virginia. " (3/13/2020)
  • 2. Northland Securities analysts commented, "We are upgrading LUNA shares to OP and increasing our PT to $6.00 on the heels of the company’s much better than expected Q2 report and outlook, with solid contributions from the recent Photonics acquisitions adding to 30% growth in the company’s established Comm Test and Structural Test units, with sustainable drivers including SiPhotonics and ROADM R&D and production test in Comms and increasing Aerospace and Auto penetration in Structural/Sensor Test." (8/8/2019)

Has Luna Innovations been receiving favorable news coverage?

News coverage about LUNA stock has been trending somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Luna Innovations earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutLuna Innovations.

Are investors shorting Luna Innovations?

Luna Innovations saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 329,600 shares, a decrease of 25.6% from the February 27th total of 443,100 shares. Based on an average trading volume of 370,600 shares, the short-interest ratio is currently 0.9 days. Approximately 1.3% of the company's stock are sold short. View Luna Innovations' Current Options Chain.

Who are some of Luna Innovations' key competitors?

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 General Electric (GE), NovaBay Pharmaceuticals (NBY), Roku (ROKU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Canopy Growth (CGC), Target (TGT), Corbus Pharmaceuticals (CRBP), NeoGenomics (NEO) and Xilinx (XLNX).

Who are Luna Innovations' key executives?

Luna Innovations' management team includes the following people:
  • Mr. Scott A. Graeff, Pres, CEO & Director (Age 52)
  • Mr. Dale E. Messick, Chief Financial Officer (Age 55)
  • Dr. Brian J. Soller, VP & GM of Lightwave Division (Age 46)

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 variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (5.23%), Punch & Associates Investment Management Inc. (1.67%), EAM Investors LLC (1.50%), Essex Investment Management Co. LLC (1.16%), Royce & Associates LP (1.07%) and Acadian Asset Management LLC (0.88%). View institutional ownership trends for Luna Innovations.

Which major investors are selling Luna Innovations stock?

LUNA stock was sold by a variety of institutional investors in the last quarter, including Perritt Capital Management Inc., Alambic Investment Management L.P., Renaissance Technologies LLC, Cubist Systematic Strategies LLC, and California Public Employees Retirement System. View insider buying and selling activity for Luna Innovations.

Which major investors are buying Luna Innovations stock?

LUNA stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Punch & Associates Investment Management Inc., Russell Investments Group Ltd., Credit Suisse AG, Bank of Montreal Can, Royce & Associates LP, Banco Bilbao Vizcaya Argentaria S.A., and Laurion Capital Management LP. View insider buying and selling activity for Luna Innovations.

How do I buy shares of Luna Innovations?

Shares of LUNA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Luna Innovations' stock price today?

One share of LUNA stock can currently be purchased for approximately $5.83.

How big of a company is Luna Innovations?

Luna Innovations has a market capitalization of $164.00 million and generates $70.52 million in revenue each year. The scientific and technical instruments company earns $5.34 million in net income (profit) each year or $0.17 on an earnings per share basis. Luna Innovations employs 196 workers across the globe. View additional information about Luna Innovations.

What is Luna Innovations' official website?

The official website for Luna Innovations is http://www.lunainc.com/.

How can I contact Luna Innovations?

Luna Innovations' mailing address is 301 FIRST STREET SW SUITE 200, ROANOKE VA, 24011. The scientific and technical instruments company can be reached via phone at 540-769-8400 or via email at [email protected]


MarketBeat Community Rating for Luna Innovations (NASDAQ LUNA)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  183 (Vote Outperform)
Underperform Votes:  181 (Vote Underperform)
Total Votes:  364
MarketBeat's community ratings are surveys of what our community members think about Luna Innovations and other stocks. Vote "Outperform" if you believe LUNA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LUNA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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