Luna Innovations Incorporated Stock Today
| LUNA Stock | USD 1.78 0.04 2.20% |
Performance0 of 100
| Odds Of DistressLess than 30
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Luna Innovations is trading at 1.78 as of the 28th of November 2024, a 2.2 percent decrease since the beginning of the trading day. The stock's open price was 1.82. Luna Innovations has about a 30 percent probability of financial distress in the next few years of operation and 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 30th of August 2024 and ending today, the 28th of November 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 1.87 M shares are now shorted by private and institutional investors with about 8.85 trading days to cover. More on Luna Innovations Incorporated
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Luna Stock Highlights
| CEO President | Kevin Ilcisin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | 21Shares Terra Classic ETP (Luna) USD Acc EUR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, NASDAQ Composite, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsLuna Innovations can leverage 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 63.15 M. Luna Innovations 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 1.87 M shares are now shorted by private and institutional investors with about 8.85 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.
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Ownership AllocationLuna Innovations maintains a total of 34.7 Million outstanding shares. 30% of Luna Innovations outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Luna Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-09-30 | 321.6 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 292.7 K | |
| Punch & Associates Inv Mgmt Inc | 2024-09-30 | 285 K | |
| Avenir Corporation | 2024-09-30 | 272.1 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 256.4 K | |
| Marathon Capital Management Llc | 2024-09-30 | 187.5 K | |
| Renaissance Technologies Corp | 2024-09-30 | 173.3 K | |
| Janney Montgomery Scott Llc | 2024-09-30 | 158.9 K | |
| Pinnacle Associates Inc | 2024-09-30 | 155.5 K | |
| Royce & Associates, Lp | 2024-09-30 | 2.8 M | |
| Wasatch Advisors Lp | 2024-09-30 | 2.3 M |
Luna Innovations Historical Income Statement
Luna Stock Against Markets
Luna Innovations Corporate Management
| Eva Hartmann | Senior Resources | Profile | |
| Salvan Farooqui | VP Marketing | Profile | |
| George GomezQuintero | Chief Officer | Profile | |
| Allison Woody | Senior Administration | Profile |
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Electronic Equipment, Instruments & Components space 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 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.