Currently, there are 33.94M common shares owned by the public and among those 31.33M shares have been available to trade.
The company’s stock has a 5-day price change of -59.03% and -57.25% over the past three months. LUNA shares are trading -58.84% year to date (YTD), with the 12-month market performance down to -86.57% lower. It has a 12-month low price of $1.43 and touched a high of $7.92 over the same period. LUNA has an average intraday trading volume of 225.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -49.50%, -48.44%, and -63.70% respectively.
Institutional ownership of Luna Innovations Inc (NASDAQ: LUNA) shares accounts for 47.57% of the company’s 33.94M shares outstanding.
It has a market capitalization of $30.80M and a beta (3y monthly) value of 1.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 27.56% over the week and 13.67% over the month.
Looking at the support for the LUNA, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on July 28, 2023, with the firm’s price target at $12.50. Needham coverage for the Luna Innovations Inc (LUNA) stock in a research note released on May 22, 2023 offered a Buy rating with a price target of $10. Northland Capital was of a view on March 15, 2023 that the stock is Market Perform, while Northland Capital gave the stock Outperform rating on May 23, 2022, issuing a price target of $8. Northland Capital on their part issued Market Perform rating on March 06, 2020.
