On Tuesday, Lumentum Holdings Inc (NASDAQ: LITE) was 3.15% up from the session before settling in for the closing price of $56.59. A 52-week range for LITE has been $35.35 – $60.99.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Technology sector saw sales slided by -2.11%. When this article was written, the company’s average yearly earnings per share was at 59.11%. With a float of $64.11 million, this company’s outstanding shares have now reached $67.90 million.
The extent of productivity of a business whose workforce counts for 7257 workers is very important to gauge. In terms of profitability, gross margin is 15.77%, operating margin of -27.65%, and the pretax margin is -29.85%.
Lumentum Holdings Inc (LITE) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Lumentum Holdings Inc stocks. The insider ownership of Lumentum Holdings Inc is 5.71%, while institutional ownership is 110.38%. 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) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.35 earnings per share (EPS) during the time that was better than consensus figure (set at 0.27) by 0.08. 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 59.11% 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
You can see what Lumentum Holdings Inc (LITE) is doing with its current performance indicators. In the most recent 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 2.92.
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)
The latest stats from [Lumentum Holdings Inc, LITE] show that its last 5-days average volume of 1.24 million was inferior to 1.39 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 91.73%. Additionally, its Average True Range was 2.55.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 90.82%, which indicates a significant decrease from 98.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.69% in the past 14 days, which was higher than the 53.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.73, while its 200-day Moving Average is $49.34. Now, the first resistance to watch is $58.98. This is followed by the second major resistance level at $59.59. The third major resistance level sits at $60.66. If the price goes on to break the first support level at $57.30, it is likely to go to the next support level at $56.23. The third support level lies at $55.62 if the price breaches the second support level.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
There are 67,600K outstanding shares of the company, which has a market capitalization of 3.97 billion. As of now, sales total 1,359 M while income totals -546,500 K. Its latest quarter income was 308,300 K while its last quarter net income were -252,500 K.
