Luna Innovations Inc (NASDAQ: LUNA) stock suffered a major decline of -35.8% on 3/13/24. The shares closed at $4.02. Moreover, this decline was accompanied by exceptionally high trading volume at 1732% of normal. The stock has been weak relative to the market over the last nine months and has declined -36.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LUNA is expected to be a modest Value Builder.
Luna Innovations has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Luna Innovations has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 51, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment