Luna Innovations (LUNA) Stock Price, News & Analysis

Company Overview

Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers. It also provides ODiSI sensing solution, which provides distributed strain and temperature measurements; distributed temperature sensing system; hyperion sensing products; Terahertz Sensing Systems that provide precise single and multi-layer thickness, density, basis weight, and caliper thickness measurements; and distributed acoustic sensing products. The company primarily markets its fiber optic test, measurement, and control 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 incorporated in 1990 and is headquartered in Roanoke, Virginia.

Key Stats

• Today's Range: $1.58 to $1.68
• 50-Day Range: $1.46 to $2.35
• 52-Week Range: $1.43 to $7.92
• Volume: 129,602 shs
• Average Volume: 330,831 shs
• Market Capitalization: $55.35 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.00
• Consensus Rating: Buy

Luna Innovations Stock Analysis - MarketRank™

Luna Innovations scored higher than 46% of companies evaluated by MarketBeat, and ranked 186th out of 336 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Luna Innovations has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Luna Innovations has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Luna Innovations is -20.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Luna Innovations is -20.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Luna Innovations has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.97% of the float of Luna Innovations has been sold short.

Short Interest Ratio / Days to Cover

Luna Innovations has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Luna Innovations has recently decreased by 6.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Luna Innovations does not currently pay a dividend.

Dividend Growth

Luna Innovations does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.97% of the float of Luna Innovations has been sold short.

Short Interest Ratio / Days to Cover

Luna Innovations has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Luna Innovations has recently decreased by 6.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.51

News Sentiment

Luna Innovations has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Luna Innovations this week, compared to 6 articles on an average week.

Search Interest

Only 4 people have searched for LUNA on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

MarketBeat Follows

5 people have added Luna Innovations to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Luna Innovations insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.60% of the stock of Luna Innovations is held by insiders.

Percentage Held by Institutions

87.46% of the stock of Luna Innovations is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LUNA Stock Analysis - Frequently Asked Questions

How have LUNA shares performed this year?

Luna Innovations' stock was trading at $6.65 at the beginning of 2024. Since then, LUNA shares have decreased by 75.5% and is now trading at $1.63.
View the best growth stocks for 2024 here.

How were Luna Innovations' earnings last quarter?

Luna Innovations Incorporated (NASDAQ:LUNA) released its quarterly earnings data on Thursday, August, 10th. The scientific and technical instruments company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by $0.03. The scientific and technical instruments company had revenue of $29.16 million for the quarter, compared to analysts' expectations of $29.76 million.

Who are Luna Innovations' major shareholders?

Top institutional investors of Luna Innovations include Royce & Associates LP (8.24%), Needham Investment Management LLC (2.94%), Geode Capital Management LLC (0.95%) and Pinnacle Associates Ltd. (0.46%).
View institutional ownership trends.

How do I buy shares of Luna Innovations?

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

What other stocks do shareholders of Luna Innovations own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Luna Innovations investors own include Saia (SAIA), Rambus (RMBS), Enovix (ENVX), NVIDIA (NVDA), COMPASS Pathways (CMPS), Globant (GLOB) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 8/10/2023
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Commercial physical research
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:LUNA
• CUSIP: N/A
• CIK: 1239819
• Web: www.lunainc.com
• Phone: (540) 769-8400
• Fax: 540-769-8401
• Employees: 337
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.00
• High Stock Price Target: $8.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +390.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 6.27
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $109.50 million
• Price / Sales: 0.51
• Cash Flow: $0.28 per share
• Price / Cash Flow: 5.92
• Book Value: $2.83 per share
• Price / Book: 0.58

Miscellaneous

• Outstanding Shares: 33,960,000
• Free Float: 31,378,000
• Market Cap: $55.35 million
• Optionable: Optionable
• Beta: 1.63