Lumentum Holdings Inc (NASDAQ: LITE) on Friday, soared 4.06% from the previous trading day, before settling in for the closing price of $85.61. Within the past 52 weeks, LITE’s price has moved between $38.28 and $90.51.
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
A company in the Technology sector has dropped its sales by -2.11% annually for the last half of the decade. The company achieved an average annual earnings per share of 54.58%. With a float of $65.68 million, this company’s outstanding shares have now reached $67.90 million.
In an organization with 7257 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Lumentum Holdings Inc is 4.40%, while institutional ownership is 108.69%. The most recent insider transaction that took place on Nov 20 ’24, was worth 273,554. In this transaction Director of this company sold 3,345 shares at a rate of $81.78, taking the stock ownership to the 8,729 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Director proposed sale 5,416 for $88.11, making the entire transaction worth $477,211.
Lumentum Holdings Inc (LITE) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 54.58% 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
Lumentum Holdings Inc (LITE) is currently performing well based on its current performance indicators. A quick ratio of 4.04 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.62.
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 3.68 in one year’s time.
Technical Analysis of Lumentum Holdings Inc (LITE)
Let’s dig in a bit further. During the last 5-days, its volume was 2.03 million. That was better than the volume of 1.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 59.17%. Additionally, its Average True Range was 3.83.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 97.28%, which indicates a significant increase from 94.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.57% in the past 14 days, which was higher than the 59.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $69.43, while its 200-day Moving Average is $53.87. However, in the short run, Lumentum Holdings Inc’s stock first resistance to watch stands at $90.75. Second resistance stands at $92.40. The third major resistance level sits at $95.17. If the price goes on to break the first support level at $86.33, it is likely to go to the next support level at $83.56. Assuming the price breaks the second support level, the third support level stands at $81.91.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
Market capitalization of the company is 6.37 billion based on 68,700K outstanding shares. Right now, sales total 1,359 M and income totals -546,500 K. The company made 336,900 K in profit during its latest quarter, and -82,400 K in sales during its previous quarter.
