Lumentum Holdings Inc (NASDAQ: LITE) kicked off on Tuesday, down -5.31% from the previous trading day, before settling in for the closing price of $51.80. Over the past 52 weeks, LITE has traded in a range of $35.35-$60.99.
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Technology Sector giant saw their annual sales surged by 3.13% over the last five years. While this was happening, its average annual earnings per share was recorded -78.56%. With a float of $64.26 million, this company’s outstanding shares have now reached $66.40 million.
The firm has a total of 7500 workers. Let’s measure their productivity.
Lumentum Holdings Inc (LITE) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Lumentum Holdings Inc is 4.94%, while institutional ownership is 108.98%. The most recent insider transaction that took place on Feb 15 ’24, was worth 487,558. In this transaction CHIEF ACCOUNTING OFFICER of this company sold 9,903 shares at a rate of $49.23, taking the stock ownership to the 33,188 shares. Before that another transaction happened on Nov 20 ’23, when Company’s Director sold 1,163 for $44.17, making the entire transaction worth $51,370. This insider now owns 22,032 shares in total.
Lumentum Holdings Inc (LITE) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -78.56% per share during the next fiscal year.
Lumentum Holdings Inc (NASDAQ: LITE) Trading Performance Indicators
Take a look at Lumentum Holdings Inc’s (LITE) current performance indicators. Last quarter, stock had a quick ratio of 3.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.26, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 1.68 in one year’s time.
Technical Analysis of Lumentum Holdings Inc (LITE)
Analysing the last 5-days average volume posted by the [Lumentum Holdings Inc, LITE], we can find that recorded value of 1.42 million was better than the volume posted last year of 1.29 million. As of the previous 9 days, the stock’s Stochastic %D was 11.88%. Additionally, its Average True Range was 1.93.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 42.27%, which indicates a significant increase from 4.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.94% in the past 14 days, which was higher than the 39.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.07, while its 200-day Moving Average is $47.55. Now, the first resistance to watch is $51.34. This is followed by the second major resistance level at $53.63. The third major resistance level sits at $55.02. If the price goes on to break the first support level at $47.66, it is likely to go to the next support level at $46.27. Should the price break the second support level, the third support level stands at $43.98.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
The company with the Market Capitalisation of 3.32 billion has total of 67,600K Shares Outstanding. Its annual sales at the moment are 1,767 M in contrast with the sum of -131,600 K annual income. Company’s last quarter sales were recorded 366,500 K and last quarter income was -127,000 K.
