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The closing price of Luna Innovations Inc (NASDAQ: LUNA) was $1.62 for the day, up 3.18% from the previous closing price of $1.57. In other words, the price has increased by $3.18 from its previous closing price. On the day, 97737.0 shares were traded. LUNA stock price reached its highest trading level at $1.66 during the session, while it also had its lowest trading level at $1.54.
Ratios:
Our analysis of LUNA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 2.86. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.37.
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 56209140 and an Enterprise Value of 85043960. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 0.729 whereas that against EBITDA is 12.334.
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 -4.90%, while the 200-Day Moving Average is calculated to be -36.08%.
Shares Statistics:
LUNA traded an average of 170.75K shares per day over the past three months and 142410 shares per day over the past ten days. A total of 33.94M shares are outstanding, with a floating share count of 31.34M. Insiders hold about 7.71% of the company’s shares, while institutions hold 47.57% stake in the company. Shares short for LUNA as of 1732838400 were 1691408 with a Short Ratio of 9.91, compared to 1730332800 on 1868384. Therefore, it implies a Short% of Shares Outstanding of 1691408 and a Short% of Float of 5.12.
