Luna Innovations (LUNA) Given Daily News Sentiment Rating of 0.15
News coverage about Luna Innovations (NASDAQ:LUNA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Luna Innovations earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 48.0028272692009 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Luna Innovations (LUNA) opened at 1.63 on Friday. The firm’s market cap is $45.13 million. The company has a 50-day moving average of $1.58 and a 200 day moving average of $1.52. Luna Innovations has a 52-week low of $1.16 and a 52-week high of $2.33.
Luna Innovations (NASDAQ:LUNA) last posted its quarterly earnings data on Thursday, August 10th. The scientific and technical instruments company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $13.58 million during the quarter, compared to the consensus estimate of $14.20 million. Luna Innovations had a negative return on equity of 5.00% and a negative net margin of 3.00%. On average, equities analysts expect that Luna Innovations will post ($0.04) earnings per share for the current year.
Luna Innovations declared that its board has initiated a share repurchase program on Wednesday, September 20th that permits the company to repurchase $2.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 4.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Luna Innovations from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research report on Wednesday, August 16th. Northland Securities set a $3.00 price target on shares of Luna Innovations and gave the company a “buy” rating in a research report on Monday, August 14th.
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Luna Innovations Company Profile
Luna Innovations Incorporated develops, manufactures and markets fiber optic sensing and test, and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace, automotive, energy, composite, telecommunications and defense industries.
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