A new trading day began on Friday, with Lumentum Holdings Inc (NASDAQ: LITE) stock price down -4.32% from the previous day of trading, before settling in for the closing price of $85.13. LITE’s price has ranged from $38.28 to $89.70 over the past 52 weeks.
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Annual sales at Technology sector company slipped by -2.11% over the past five years. Meanwhile, its annual earnings per share averaged 55.04%. With a float of $65.97 million, this company’s outstanding shares have now reached $67.90 million.
Let’s look at the performance matrix of the company that is accounted for 7257 employees. In terms of profitability, gross margin is 15.63%, operating margin of -27.38%, and the pretax margin is -30.15%.
Lumentum Holdings Inc (LITE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Lumentum Holdings Inc is 4.08%, while institutional ownership is 108.68%. The most recent insider transaction that took place on Nov 13 ’24, was worth 715,859. In this transaction CHIEF ACCOUNTING OFFICER of this company sold 8,172 shares at a rate of $87.60, taking the stock ownership to the 21,138 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Director sold 15,000 for $87.17, making the entire transaction worth $1,307,542. This insider now owns 8,761 shares in total.
Lumentum Holdings Inc (LITE) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.32 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 55.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 39.16% 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
Here are Lumentum Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.29, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 3.71 in one year’s time.
Technical Analysis of Lumentum Holdings Inc (LITE)
Lumentum Holdings Inc (NASDAQ: LITE) saw its 5-day average volume 2.17 million, a positive change from its year-to-date volume of 1.48 million. As of the previous 9 days, the stock’s Stochastic %D was 81.09%. Additionally, its Average True Range was 3.57.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 83.95%, which indicates a significant increase from 69.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.96% in the past 14 days, which was higher than the 59.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.35, while its 200-day Moving Average is $53.15. Nevertheless, the first resistance level for the watch stands at $83.95 in the near term. At $86.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $88.46. If the price goes on to break the first support level at $79.44, it is likely to go to the next support level at $77.44. The third support level lies at $74.93 if the price breaches the second support level.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
With a market capitalization of 5.35 billion, the company has a total of 68,700K Shares Outstanding. Currently, annual sales are 1,359 M while annual income is -546,500 K. The company’s previous quarter sales were 336,900 K while its latest quarter income was -82,400 K.
