Stock To Watch: Luminex Corporation (NASDAQ:LMNX)


The leading market experts have placed a mean price target of $22.00 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 $0.63 for the current fiscal.

Technical View

The technical analysis of Luminex Corporation plainly substantiates that the 50-day moving average of Luminex Corporation is $21.79, and stock is trading $-0.75 points away or -3.44% from its 50-day moving average of $21.79. Further it is trading $0.73 or +3.61% away its 200-day moving average of $20.31. Luminex Corporation (NASDAQ:LMNX) 52-week high is $23.75 and the 52-week low is $16.16.

This explains if the stock moves $-2.71, it will post a 52-week high. In event of +30.20% 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 21.96.

The stock last ended the trading session at $21.04 and registered a market cap of $916.25M. 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.

1 Chart Pattern Every Investor Should Know

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