Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
In the latest session, Luna Innovations Inc (NASDAQ: LUNA) closed at $0.89 down -56.63% from its previous closing price of $2.05. In other words, the price has decreased by -$56.63 from its previous closing price. On the day, 12.2 million shares were traded. LUNA stock price reached its highest trading level at $1.54 during the session, while it also had its lowest trading level at $0.8.
Ratios:
For a deeper understanding of Luna Innovations Inc’s stock, let’s take a closer look at its various ratios.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on July 28, 2023, initiated with a Buy rating and assigned the stock a target price of $12.50.
On May 22, 2023, Needham started tracking the stock assigning a Buy rating and target price of $10.
Northland Capital Downgraded its Outperform to Market Perform on March 15, 2023, while the target price for the stock was maintained at $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LUNA now has a Market Capitalization of 71128888 and an Enterprise Value of 64298628. Its current Enterprise Value per Revenue stands at 0.551 whereas that against EBITDA is 9.325.
Stock Price History:
Over the past 52 weeks, LUNA has reached a high of $7.92, while it has fallen to a 52-week low of $1.43. The 50-Day Moving Average of the stock is -48.44%, while the 200-Day Moving Average is calculated to be -63.70%.
Shares Statistics:
For the past three months, LUNA has traded an average of 225.34K shares per day and 453660 over the past ten days. A total of 33.94M shares are outstanding, with a floating share count of 31.33M. Insiders hold about 7.75% of the company’s shares, while institutions hold 47.57% stake in the company. Shares short for LUNA as of 1734048000 were 1665517 with a Short Ratio of 7.39, compared to 1731628800 on 1681842. Therefore, it implies a Short% of Shares Outstanding of 1665517 and a Short% of Float of 5.04.
