On 3/26/24, Luna Innovations Inc (NASDAQ: LUNA) stock suffered a major decline of -11.5%, closing at $3.14. Moreover, exceptionally high trading volume at 345% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -16.3% during the last week.
Current PriceTarget Research Rating
LUNA is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Luna Innovations has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Luna Innovations has a neutral Appreciation Score of 54 and a neutral Power Rating of 49, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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