Lumentum Holdings Inc. (NASDAQ: LITE) started the day on January 19, 2021, with a price decrease of -11.02% at $94.60. During the day, the stock rose to $96.78 and sunk to $91.91 before settling in for the price of $106.32 at the close. Taking a more long-term approach, LITE posted a 52-week range of $59.06-$112.08.
The Technology Sector giants’ yearly sales growth during the last 5-year period was 14.90%. Meanwhile, its Annual Earning per share during the time was 100.20%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 425.70%. This publicly-traded company’s shares outstanding now amounts to $75.30 million, simultaneously with a float of $75.28 million. The organization now has a market capitalization sitting at $7.13 billion. At the time of writing, stock’s 50-day Moving Average stood at $92.02, while the 200-day Moving Average is $83.14.
While finding the extent of efficiency of the company that is accounted for 5473 employees. It has generated 306,706 per worker during the last fiscal year. Meanwhile, its income per employee was 24,758. The stock had 6.46 Receivables turnover and 0.56 Total Asset turnover. For the Profitability, stocks gross margin was +37.43, operating margin was +12.89 and Pretax Margin of +10.38.
Lumentum Holdings Inc. (LITE) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Communication Equipment Industry. Lumentum Holdings Inc.’s current insider ownership accounts for 1.00%, in contrast to 96.20% institutional ownership. According to the most recent insider trade that took place on Jan 12, this organization’s EVP, Chief Operating Officer sold 4,451 shares at the rate of 110.00, making the entire transaction reach 489,610 in total value, affecting insider ownership by 84,730. Preceding that transaction, on Dec 28, Company’s EVP, Chief Operating Officer sold 11,164 for 100.00, making the whole transaction’s value amount to 1,116,400. This particular insider is now the holder of 89,181 in total.
Lumentum Holdings Inc. (LITE) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 9/29/2020, the organization reported $1.78 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $1.47) by $0.31. This company achieved a net margin of +8.07 while generating a return on equity of 8.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.
Lumentum Holdings Inc.’s EPS increase for this current 12-month fiscal period is 425.70% and is forecasted to reach 6.85 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 14.60% through the next 5 years, which can be compared against the 100.20% growth it accomplished over the previous five years trading on the market.
Lumentum Holdings Inc. (NASDAQ: LITE) Trading Performance Indicators
Let’s observe the current performance indicators for Lumentum Holdings Inc. (LITE). It’s Quick Ratio in the last reported quarter now stands at 6.70. The Stock has managed to achieve an average true range (ATR) of 4.49. Alongside those numbers, its PE Ratio stands at $47.63, and its Beta score is 1.00. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.24. Similarly, its price to free cash flow for trailing twelve months is now 13.93.
In the same vein, LITE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.99, a figure that is expected to reach 1.83 in the next quarter, and analysts are predicting that it will be 6.85 at the market close of one year from today.
Technical Analysis of Lumentum Holdings Inc. (LITE)
If we take a close look at the recent performances of Lumentum Holdings Inc. (NASDAQ: LITE), its last 5-days Average volume was 3.14 million that shows progress from its year to date volume of 2.2 million. During the previous 9 days, stock’s Stochastic %D was recorded 46.96% While, its Average True Range was 4.91.
Raw Stochastic average of Lumentum Holdings Inc. (LITE) in the period of the previous 100 days is set at 59.28%, which indicates a major rise in contrast to 13.34% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 57.89% that was higher than 41.43% volatility it exhibited in the past 100-days period.