Luna Innovations (NASDAQ:LUNA) Downgraded by Zacks Investment Research to Sell

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Luna Innovations stock has undergone multiple analysts rating changes in the recent past.  Luna Innovations Downgraded by Zacks Investment Research on 6/30/2020. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Luna Innovations traded up $0.13 on Monday, reaching $5.85. 0 shares of the stock traded hands, compared to its average volume of 394991. Shares of Luna Innovations ended Monday on at $5.85. The firm’s 50 day moving average is $6.54 and its 200 day moving average is $6.79.Luna Innovations  has a 12 month low of $5.61 and a 12 month high of $9.32. While on yearly highs and lows, Luna Innovations’s today has traded high as $6.00 and has touched $5.61 on the downward trend. See More Analyst Rating at: RATING

Luna Innovations Earnings and What to expect: 

Luna Innovations last posted its quarterly earnings results on May 7th, 2020. The scientific and technical instruments company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $17.14 million for the quarter, compared to the consensus estimate of $17.01 million. Luna Innovations has generated $0.17 earnings per share over the last year and currently has a price-to-earnings ratio of 64.9. Luna Innovations has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 5th, 2020 based off prior year’s report dates.

Earnings for Luna Innovations are expected to grow by 83.33% in the coming year, from $0.12 to $0.22 per share. The P/E ratio of Luna Innovations is 64.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.96. The P/E ratio of Luna Innovations is 64.94, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 16.83. Luna Innovations has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 11.20%
  • On 9/5/2019 Major Shareholder Clinic Carilion Sell 48,953 at average share price of $6.71 which equates to $328,474.63 in money value.
  • On 9/3/2019 Major Shareholder Clinic Carilion Sell 136,899 at average price of  $6.37 with total value of : Not Data Available
  • On 8/29/2019 Major Shareholder Clinic Carilion Sell 191,400 at average price of  $6.26 with total value of : $1,198,164.00

Analyst at Zacks Investment Research are also talking about :

  • 6/24/2020 – Luna Innovations was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating.
  • 5/9/2020 – Luna Innovations was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating.
  • 5/8/2020 – Luna Innovations was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock.
  • 3/13/2020 – Luna Innovations was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating.

Luna Innovations (NASDAQ:LUNA) Moving Average Technical Analysis

5 day Moving Average is $6.02 And 5 day price change is -$0.32 (-5.11%)  with average volume for 5 day average is 1,016,120. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $6.21 and 20 day price change is -$0.45 (-7.07%) and average 20 day moving volume is 446,545. 50 day moving average is $6.54  and 50 day price change is -$1.43 ( -19.60%)  and with average volume for 50 days is : 358,972. 200 day moving average is $6.79  and 200 day price change is -$0.17 (-2.75%)  and with average volume for 200 days is : 284,319.

See More Analyst Rating at: RATING