How to Buy Luna Innovations Stock
Luna Innovations Inc
Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide.
Luna Innovations stock last closed at $1.99, up 0% from the previous day, and has decreased 67.69% in one year. It has underperformed other stocks in the Scientific & Technical Instruments industry by 0.71 percentage points. Luna Innovations stock is currently +4.19% from its 52-week low of $1.91, and -81.4% from its 52-week high of $10.70.
As of Apr 26, 2024, there are 33.96M shares of LUNA outstanding. The market capitalization of LUNA is $67.58M. In the last 24 hours, 813,080 LUNA shares were traded.
How to Buy Luna Innovations Stock
Wondering how to invest in Luna Innovations stock? Here's how.
- Decide where to buy Luna Innovations stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Luna Innovations stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your info.
- Analyze Luna Innovations stock: The Luna Innovations ticker symbol is LUNA. Is Luna Innovations stock a good investment? Should you buy shares of LUNA? How do LUNA's underlying business fundamentals look? Do top analysts think Luna Innovations is a good buy? Why has LUNA's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if LUNA is a good stock to buy).
- Place your LUNA purchase: Decide if you will purchase LUNA shares at the current market price or use a limit order to buy LUNA shares at a given price.
- Track your LUNA position: Create a watchlist to important notifications about your investment in Luna Innovations stock.
Step 1: Decide where to buy Luna Innovations stock
You will need an online brokerage account to access the NASDAQ market and buy LUNA shares.
Our preferred brokerage: eToro
We believe that eToro is the best stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Healthcare, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you are able to invest in LUNA today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock market app for beginners, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring money into your new brokerage account.
Step 4: Analyze Luna Innovations stock
After you have decided on the best place to buy Luna Innovations stock, it's crucial to analyze their stock prior to buying, so you actually understand the risk and upside.
Overview of key LUNA info
Luna Innovations Fundamentals
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on LUNA's stock page.
Is LUNA stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LUNA's true value.
Using relative valuations methods:
- LUNA could be undervalued based on its P/B ratio of 0.71x, relative to Scientific & Technical Instruments industry P/B ratio of 3.09x
You can access more valuation analysis on LUNA's stock here.
LUNA Financial Health
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the LUNA balance sheet.
- There are more short-term assets than long-term liabilities on the LUNA balance sheet.
- LUNA has $6.03M in cash and short term investments. This is sufficient to cover its annual cash burn of $15.87M.
Failed Financial Due Diligence Checks:
- Total LUNA debt is higher than 5 years ago, relative to shareholder equity.
- LUNA profit margin has gone down from 9.8% to -1.8% in the past year.
- LUNA has a relatively high debt to equity ratio of 0.75.
- LUNA has cash burn of 15867000. It does not have enough cash and short-term investments to cover this.
Is LUNA stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who track LUNA, the consensus analyst rating on Luna Innovations is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Luna Innovations stock forecast page.
LUNA Trading Indicators
Is LUNA Making Money?
Last year, LUNA revenue was $116.61M. In the last 5 year, LUNA's revenue has grown by 24.34% per year. This was faster than the Scientific & Technical Instruments industry average of 9.04%.
You can research LUNA's earnings and revenue performance here.
Latest Insiders Trades at LUNA
In the past 12 months, executives and large shareholders at LUNA have bought more shares than they have sold.
Brian Soller, Chief Technology Officer of LUNA, was the latest LUNA insider to buy. They bought $149,000.00 worth of LUNA stock on Apr 4, 2024.
Learn more about who owns LUNA stock here.
Does LUNA stock generate passive income?
No, Luna Innovations doesn't provide an income stream by paying out dividends.
LUNA Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your LUNA purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and eToro will place the order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Track your LUNA position
Now that you own some LUNA shares, you'll want to stay up-to-date on your shares.
Create a watchlist to track the latest developments regarding your LUNA stock.
LUNA Feed
How to Buy Stock in Luna Innovations
To summarize, here are the 6 steps for buying Luna Innovations stock:
- Decide where to buy Luna Innovations stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Luna Innovations stock
- Place your LUNA purchase
- Track your LUNA position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Luna Innovations, click the button below.
Other "How To" Guides You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.