Lumentum Holdings Inc (NASDAQ: LITE) on Monday, plunged -3.27% from the previous trading day, before settling in for the closing price of $92.84. Within the past 52 weeks, LITE’s price has moved between $38.28 and $95.92.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -2.11%. The company achieved an average annual earnings per share of 54.57%. With a float of $65.62 million, this company’s outstanding shares have now reached $68.60 million.
Considering the fact that the conglomerate employs 7257 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Lumentum Holdings Inc is 4.48%, while institutional ownership is 108.58%. 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) Recent Fiscal highlights
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
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 4.48.
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)
Compared to the last year’s volume of 1.5 million, its volume of 1.78 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 68.75%. Additionally, its Average True Range was 3.83.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 89.38%, which indicates a significant increase from 63.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.13% in the past 14 days, which was lower than the 60.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $75.07, while its 200-day Moving Average is $55.86. Nevertheless, the first resistance level for the watch stands at $92.52 in the near term. At $95.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $97.10. If the price goes on to break the first support level at $87.94, it is likely to go to the next support level at $86.08. Now, if the price goes above the second support level, the third support stands at $83.36.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
Market capitalization of the company is 6.17 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.
