Luna Innovations Incorporated Stock Today
LUNA Stock | USD 2.80 0.04 1.45% |
Performance0 of 100
| Odds Of DistressLess than 18
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Luna Innovations is trading at 2.80 as of the 19th of April 2024, a 1.45 percent increase since the beginning of the trading day. The stock's open price was 2.76. Luna Innovations has less than a 18 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Luna Innovations Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 2nd of June 2006 | Category Technology | Classification Information Technology |
Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. Luna Innovations Incorporated was incorporated in 1990 and is headquartered in Roanoke, Virginia. Luna Innovations operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. The company has 34.7 M outstanding shares of which 2.26 M shares are now shorted by private and institutional investors with about 3.53 trading days to cover. More on Luna Innovations Incorporated
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Luna Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Luna Innovations' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Luna Innovations or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and Director | My Chung | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Old Name | 21Shares Terra Classic ETP (Luna) USD Acc EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Luna Innovations report their recommendations after researching Luna Innovations' financial statements, talking to executives and customers, or listening in on Luna Innovations' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Luna Innovations rporated. The Luna consensus assessment is calculated by taking the average forecast from all of the analysts covering Luna Innovations. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the key indicators related to Luna Innovations' liquidity, profitability, solvency, and operating efficiency, Luna Innovations Incorporated may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Luna Innovations rporated is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Luna Innovations' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Luna Innovations' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Luna Innovations' financial leverage. It provides some insight into what part of Luna Innovations' total assets is financed by creditors.
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Luna Innovations Incorporated (LUNA) is traded on NASDAQ Exchange in USA. It is located in 301 1st Street, SW, Roanoke, VA, United States, 24011 and employs 337 people. Luna Innovations is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 97.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Luna Innovations's market, we take the total number of its shares issued and multiply it by Luna Innovations's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Luna Innovations rporated conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 34.7 M outstanding shares of which 2.26 M shares are now shorted by private and institutional investors with about 3.53 trading days to cover.
Luna Innovations Incorporated currently holds about 7.89 M in cash with (13.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.24.
Check Luna Innovations Probability Of Bankruptcy
Ownership AllocationLuna Innovations Incorporated holds a total of 34.7 Million outstanding shares. Over half of Luna Innovations' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Luna Innovations rporated. Please watch out for any change in the institutional holdings of Luna Innovations Incorporated as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Luna Ownership Details
Luna Stock Price Odds Analysis
What are Luna Innovations' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Luna Innovations jumping above the current price in 90 days from now is about 92.36%. The Luna Innovations Incorporated probability density function shows the probability of Luna Innovations stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.6658. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Luna Innovations will likely underperform. Additionally, luna Innovations Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Luna Innovations to move above the current price in 90 days from now is about 92.36 (This Luna Innovations Incorporated probability density function shows the probability of Luna Stock to fall within a particular range of prices over 90 days) .
Luna Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Luna Innovations that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Luna Innovations' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Luna Innovations' value.Instituion | Recorded On | Shares | |
State Street Corporation | 2023-12-31 | 638 K | |
Morgan Stanley - Brokerage Accounts | 2023-12-31 | 465.3 K | |
Rice Hall James & Associates, Llc | 2023-12-31 | 413.3 K | |
Essex Investment Management Company, Llc | 2023-12-31 | 354 K | |
Guggenheim Capital Llc | 2023-12-31 | 342 K | |
Victory Capital Management Inc. | 2023-12-31 | 298.3 K | |
Northern Trust Corp | 2023-12-31 | 296.1 K | |
Janney Montgomery Scott Llc | 2023-12-31 | 244.7 K | |
Skylands Capital, Llc | 2023-12-31 | 239.7 K | |
Blackrock Inc | 2023-12-31 | 2.3 M | |
Ack Asset Management Llc | 2023-12-31 | 1.9 M |
Luna Innovations Historical Income Statement
Luna Innovations Incorporated Income Statement is one of the three primary financial statements used for reporting Luna's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Luna Innovations rporated revenue and expense. Luna Innovations Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Luna Innovations' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 122.4 M, whereas EBIT is forecasted to decline to (2 M). View More FundamentalsLuna Stock Against Markets
Picking the right benchmark for Luna Innovations stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Luna Innovations stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Luna Innovations is critical whether you are bullish or bearish towards Luna Innovations Incorporated at a given time. Please also check how Luna Innovations' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Luna Innovations without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Luna Innovations Corporate Directors
Luna Innovations corporate directors refer to members of a Luna Innovations board of directors. The board of directors generally takes responsibility for the Luna Innovations' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Luna Innovations' board members must vote for the resolution. The Luna Innovations board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Donald Pastor | Director | Profile | |
Leigh Anderson | Director | Profile | |
Richard CPA | Interim Director | Profile | |
Edward Coringrato | Director | Profile |
How to buy Luna Stock?
Before investing in Luna Innovations, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Luna Innovations. To buy Luna Innovations stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Luna Innovations. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Luna Innovations stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Luna Innovations Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Luna Innovations Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Luna Innovations Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Luna Stock please use our How to Invest in Luna Innovations guide.
Already Invested in Luna Innovations Incorporated?
The danger of trading Luna Innovations Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Luna Innovations is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Luna Innovations. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Luna Innovations rporated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Luna Innovations rporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Luna Innovations' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Luna Innovations Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Luna Innovations Incorporated Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luna Innovations Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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When running Luna Innovations' price analysis, check to measure Luna Innovations' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Luna Innovations is operating at the current time. Most of Luna Innovations' value examination focuses on studying past and present price action to predict the probability of Luna Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Luna Innovations' price. Additionally, you may evaluate how the addition of Luna Innovations to your portfolios can decrease your overall portfolio volatility.
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Is Luna Innovations' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luna Innovations. If investors know Luna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luna Innovations listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.68) | Earnings Share (0.03) | Revenue Per Share 3.487 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0055 |
The market value of Luna Innovations rporated is measured differently than its book value, which is the value of Luna that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luna Innovations is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.