Lumentum Holdings Inc (NASDAQ: LITE) kicked off on Tuesday, up 2.70% from the previous trading day, before settling in for the closing price of $86.37. Over the past 52 weeks, LITE has traded in a range of $38.28-$91.21.
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Annual sales at Technology sector company slipped by -2.11% over the past five years. While this was happening, its average annual earnings per share was recorded 54.57%. With a float of $65.68 million, this company’s outstanding shares have now reached $68.60 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 Updates
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 4.40%, while institutional ownership is 108.71%. The most recent insider transaction that took place on Nov 29 ’24, was worth 2,542,159. In this transaction EVP & CHIEF FINANCIAL OFFICER of this company sold 29,887 shares at a rate of $85.06, taking the stock ownership to the 56,492 shares. Before that another transaction happened on Nov 29 ’24, when Company’s Officer proposed sale 29,887 for $85.06, making the entire transaction worth $2,542,158.
Lumentum Holdings Inc (LITE) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.32 earnings per share (EPS), higher than consensus estimate (set at 0.3) by 0.02. 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 54.57% 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
Take a look at Lumentum Holdings Inc’s (LITE) current performance indicators. Last quarter, 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 4.42.
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)
Lumentum Holdings Inc (NASDAQ: LITE) saw its 5-day average volume 1.21 million, a negative change from its year-to-date volume of 1.49 million. As of the previous 9 days, the stock’s Stochastic %D was 67.60%. Additionally, its Average True Range was 3.66.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 95.26%, which indicates a significant increase from 79.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.56% in the past 14 days, which was lower than the 59.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.69, while its 200-day Moving Average is $54.99. Nevertheless, the first resistance level for the watch stands at $90.33 in the near term. At $91.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $94.01. If the price goes on to break the first support level at $86.65, it is likely to go to the next support level at $84.61. Assuming the price breaks the second support level, the third support level stands at $82.97.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
The company with the Market Capitalisation of 6.09 billion has total of 68,700K Shares Outstanding. Its annual sales at the moment are 1,359 M in contrast with the sum of -546,500 K annual income. Company’s last quarter sales were recorded 336,900 K and last quarter income was -82,400 K.
