Luna Innovations Inc [LUNA] stock is trading at $2.76, up 4.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LUNA shares have lost -1.78% over the last week, with a monthly amount drifted -26.40%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Luna Innovations Inc [NASDAQ: LUNA] stock has seen the most recent analyst activity on July 28, 2023, when Stifel initiated its Buy rating and assigned the stock a price target of $12.50. Previously, Needham started tracking the stock with Buy rating on May 22, 2023, and set its price target to $10. On March 15, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $8 on the stock. Northland Capital upgraded its rating to a Outperform but stick to its price target of $8 on May 23, 2022. Northland Capital downgraded its rating to a Market Perform. Northland Capital upgraded its rating to Outperform for this stock on August 08, 2019. In a note dated January 15, 2019, B. Riley FBR initiated an Buy rating and provided a target price of $4.60 on this stock.
Luna Innovations Inc [LUNA] stock has fluctuated between $2.36 and $10.70 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Luna Innovations Inc [NASDAQ: LUNA] shares were valued at $2.76 at the most recent close of the market. An investor can expect a potential return of 262.32% based on the average LUNA price forecast.
Analyzing the LUNA fundamentals
Luna Innovations Inc [NASDAQ:LUNA] reported sales of 116.61M for the trailing twelve months, which represents a growth of 5.32%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.66 points at the first support level, and at 2.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.85, and for the 2nd resistance point, it is at 2.94.
Ratios To Look Out For
For context, Luna Innovations Inc’s Current Ratio is 2.86. As well, the Quick Ratio is 1.62, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 0.99.
