Luna Innovations Incorporated (NASDAQ:LUNA) finished Friday with a subtraction of -$0.94 to close at $7.72, a downside of -10.80 percent. An average of 201,340 shares of common stock have been traded in the last five days. There was a fall of -$1.25 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 140,610 shares traded, while the 50-day average volume stands at 280,730.
LUNA stock has decreased by -14.92% in the last month. The company shares reached their 1-month lowest point of $7.31 on 08/11/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $4.06 and a high of $10.97 in 52 weeks. It has reached a new high 5 times so far this year and lost -12.12% or -$1.07 in price. In spite of this, the price is down -29.58% from the 52-week high.
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Valuation Metrics
Luna Innovations Incorporated (LUNA) stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.29, the price-to-book (PB) ratio at 2.74.
Financial Health
The quick ratio of Luna Innovations Incorporated for the three months ended June 29 was 1.50, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.24 and a total debt to equity ratio of 0.27 for the quarter ending June 29. Luna Innovations Incorporated’s EBITDA margin for the year ending June 29 is 3.23%, while its operating margin for the same period stands at -1.40%. Its gross profit as reported stood at $66.5 million compared to revenue of $109.5 million.
Earnings Surprise
For the three-month period that ended June 29, Luna Innovations Incorporated had $27.73 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.6 million in the quarter, while revenues of -$1.84 million were grew 698.75%. The analyst consensus anticipated Luna Innovations Incorporated’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.04, a -20.00% surprise. For the quarter, EBITDA amounted to $1.11 million. At the end of the quarter ending June 29, Luna Innovations Incorporated’s stock balance sheet showed total liabilities of 60.26 million. Shareholders own equity worth $33.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Luna Innovations Incorporated (LUNA) price momentum. RSI 9-day as of the close on 11 August was 22.88%, suggesting the stock is oversold, with historical volatility in this time frame at 57.79%.
As of today, LUNA’s price is $8.63 -13.98% or -$1.25 from its 5-day moving average. LUNA is currently trading -10.38% lower than its 20-day SMA and +19.40% higher than its 100-day SMA. However, the stock’s current price level is -16.21% below the SMA50 and +54.19% above the SMA200.
The stochastic %K and %D were 40.17% and 54.06%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 21.39% and the average true range at 0.42, the RSI (14) stands at 31.05%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -0.32.
Analyst Ratings
Stifel launched coverage on Luna Innovations Incorporated (NASDAQ: LUNA) in its analyst report released on July 28, 2023. The firm assigned the stock a Buy rating.
