Lumentum Holdings Inc (NASDAQ: LITE) established initial surge of 2.39% at $43.61, before settling in for the price of $42.59 at the close. Taking a more long-term approach, LITE posted a 52-week range of $35.35-$65.16.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 7.59%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -78.57%. This publicly-traded company’s shares outstanding now amounts to $66.40 million, simultaneously with a float of $64.77 million. The organization now has a market capitalization sitting at $2.94 billion. At the time of writing, stock’s 50-day Moving Average stood at $45.91, while the 200-day Moving Average is $47.33.
Lumentum Holdings Inc (LITE) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Lumentum Holdings Inc industry. Lumentum Holdings Inc’s current insider ownership accounts for 3.90%, in contrast to 106.29% institutional ownership. According to the most recent insider trade that took place on Feb 15 ’24, this organization’s CHIEF ACCOUNTING OFFICER sold 9,903 shares at the rate of 49.23, making the entire transaction reach 487,558 in total value, affecting insider ownership by 33,188. Preceding that transaction, on Nov 20 ’23, Company’s Director sold 1,163 for 44.17, making the whole transaction’s value amount to 51,370. This particular insider is now the holder of 22,032 in total.
Lumentum Holdings Inc (LITE) Earnings and Revenue Records
Lumentum Holdings Inc’s EPS decrease for this current 12-month fiscal period is -78.57% and is forecasted to reach 1.77 in the upcoming year.
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 3.87. The Stock has managed to achieve an average true range (ATR) of 1.99. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.07.
In the same vein, LITE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -5.26, a figure that is expected to reach 0.03 in the next quarter, and analysts are predicting that it will be 1.77 at the market close of one year from today.
Technical Analysis of Lumentum Holdings Inc (LITE)
Now, what If we examine the latest scores posted by [Lumentum Holdings Inc, LITE]. During the last 5-days, its volume was better the volume of 1.46 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 21.28% While, its Average True Range was 2.15.
Raw Stochastic average of Lumentum Holdings Inc (LITE) in the period of the previous 100 days is set at 14.17%, which indicates a major fall in contrast to 38.89% 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 36.36% that was lower than 56.50% volatility it exhibited in the past 100-days period.
