On Monday, Lumentum Holdings Inc (NASDAQ: LITE) opened higher 1.62% from the last session, before settling in for the closing price of $51.98. Price fluctuations for LITE have ranged from $35.35 to $60.99 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -2.83%. Company’s average yearly earnings per share was noted 60.66% at the time writing. With a float of $64.19 million, this company’s outstanding shares have now reached $67.90 million.
Considering the fact that the conglomerate employs 7500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 15.74%, operating margin of -27.69%, and the pretax margin is -29.85%.
Lumentum Holdings Inc (LITE) Insider Activity
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Lumentum Holdings Inc is 5.05%, while institutional ownership is 111.82%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 60.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 57.20% during the next five years compared to -72.21% drop over the previous five years of trading.
Lumentum Holdings Inc (NASDAQ: LITE) Trading Performance Indicators
Check out the current performance indicators for Lumentum Holdings Inc (LITE). In the past quarter, the stock posted a quick ratio of 4.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.10, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 3.43 in one year’s time.
Technical Analysis of Lumentum Holdings Inc (LITE)
Compared to the last year’s volume of 1.39 million, its volume of 3.47 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.07%. Additionally, its Average True Range was 2.83.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 65.72%, which indicates a significant decrease from 91.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.19% in the past 14 days, which was higher than the 49.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.42, while its 200-day Moving Average is $48.04. Nevertheless, the first resistance level for the watch stands at $53.40 in the near term. At $53.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.11. If the price goes on to break the first support level at $51.69, it is likely to go to the next support level at $50.56. Should the price break the second support level, the third support level stands at $49.98.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
There are currently 67,600K shares outstanding in the company with a market cap of 3.57 billion. Presently, the company’s annual sales total 1,767 M according to its annual income of -131,600 K. Last quarter, the company’s sales amounted to 366,500 K and its income totaled -127,000 K.
