Stock To Watch: Luminex Corporation (NASDAQ:LMNX)


The leading market experts have placed a mean price target of $21.00 on Luminex Corporation (NASDAQ:LMNX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.14 a share for the upcoming quarter and $0.67 for the current fiscal. Technical View The technical analysis of Luminex Corporation plainly substantiates that the 50-day moving average of Luminex Corporation is $20.55, and stock is hovering 1.78 or +8.67% distant from $20.55. It is noted that the 200-day MA is $19.74, and Luminex Corporation stock is $2.59 or +13.14% off from this point. Luminex Corporation (NASDAQ:LMNX) 52-week high is $22.85 and the 52-week low is $16.16. This explains if the stock moves $-0.52, it will post a 52-week high. In event of $+38.18% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Luminex Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Luminex Corporation (NASDAQ:LMNX) ratio came in at 25.09. The stock last ended the trading session at $22.33 and registered a market cap of $967.78M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Luminex Corporation (NASDAQ:LMNX) PEG ratio is at 0.59.

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