Luna Innovations Stock Price on July 8, 2022 Breakdown

LUNA
 Stock
  

USD 8.11  0.70  9.45%   

As of today, the current price of Luna Innovations is  8.11 , as last reported on the 8th of December, with the highest price reaching  8.22  and the lowest price hitting  7.32  during the day.
Luna Innovations appears to be somewhat reliable, given 3 months investment horizon. Luna Innovations has Sharpe Ratio of 0.17, which conveys that the firm had 0.17% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Luna Innovations technical indicators you can presently evaluate if the expected return of 0.63% is justified by implied risk. Please exercise Luna Innovations' Downside Deviation of 2.68, mean deviation of 2.57, and Risk Adjusted Performance of 0.2128 to check out if our risk estimates are consistent with your expectations.
  
The current year Net Income Common Stock is expected to grow to about 1.4 M. The current year Price to Earnings Ratio is expected to grow to 227.66, whereas Price to Book Value is forecasted to decline to 2.90. Luna Innovations Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
28.2 M
Net Income Applicable To Common Shares
1.4 M
Shares Outstanding
33 M
Shares Short Prior Month
364.1 K
Earnings Share
0.354
Shares Short
250.2 K

Luna Innovations Main Headline on 8th of July 2022

Unclassified Event
by SEC
Unclassified Corporate Event

Luna Innovations Valuation on July 8, 2022

It is possible to determine the worth of Luna Innovations on a given historical date. On July 8, 2022 Luna Innovations was worth 5.84 at the beginning of the trading date compared to the closed value of 5.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Luna Innovations stock. Still, in general, we apply an absolute valuation method to find Luna Innovations' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Luna Innovations' related companies.
 Open High Low Close Volume
  5.63    5.92    5.62    5.92    92,456  
07/08/2022
  5.84    6.00    5.80    5.86    88,935  
  5.80    5.80    5.52    5.63    74,958  
Backtest Luna Innovations  |  Luna Innovations History  |  Luna Innovations Valuation   PreviousNext  
Open Value 5.84
5.86
Closing Value
17.08
Upside

Luna Innovations Trading Date Momentum on July 8, 2022

On July 11 2022 Luna Innovations Incorporated was traded for  5.63  at the closing time. The top price for the day was 5.80  and the lowest listed price was  5.52 . The trading volume for the day was 75 K. The trading history from July 11, 2022 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.92% . The trading delta at closing time against the current closing price is 4.78% .

Luna Innovations Fundamentals Correlations and Trends

By evaluating Luna Innovations' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Luna Innovations' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Luna Innovations financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Luna Innovations Stock history

Luna Innovations investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Luna Innovations is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Luna Innovations will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Luna Innovations historical stock prices may prove useful in developing a viable investing in Luna Innovations
Last ReportedProjected for 2022
Weighted Average Shares31.7 M26 M
Weighted Average Shares Diluted31.7 M26.4 M
Issuance Purchase of Equity Shares2.9 M3.2 M

Luna Innovations Stock Technical Analysis

Luna Innovations technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Luna Innovations technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Luna Innovations trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Luna Innovations Period Price Range

Low
July 8, 2022
High

 5.84 

  

 5.86 

0.020.34%

Luna Innovations December 8, 2022 Market Strength

Market strength indicators help investors to evaluate how Luna Innovations stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Luna Innovations shares will generate the highest return on investment. By undertsting and applying Luna Innovations stock market strength indicators, traders can identify Luna Innovations Incorporated entry and exit signals to maximize returns

Luna Innovations Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Luna Innovations stock's direction in advance. Along with the technical and fundamental analysis of Luna Innovations Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Luna Innovations to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Additionally, see Correlation Analysis. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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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 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 Innovations 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 YOY
1.774
Market Capitalization
244.2 M
Quarterly Revenue Growth YOY
0.434
Return On Assets
(0.0105) 
Return On Equity
(0.0197) 
The market value of Luna Innovations is measured differently than its book value, which is the value of Luna Innovations 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 Luna Innovations value 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.