Lumentum Holdings Inc (NASDAQ: LITE) open the trading on Thursday, with great promise as it jumped 2.89% to $90.75, before settling in for the price of $88.20 at the close. Taking a more long-term approach, LITE posted a 52-week range of $38.28-$95.92.
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
The Technology Sector giants’ yearly sales growth during the last 5-year period was -2.11%. Meanwhile, its Annual Earning per share during the time was -72.21%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 54.57%. This publicly-traded company’s shares outstanding now amounts to $68.60 million, simultaneously with a float of $65.63 million. The organization now has a market capitalization sitting at $6.23 billion. At the time of writing, stock’s 50-day Moving Average stood at $76.59, while the 200-day Moving Average is $56.46.
Lumentum Holdings Inc (LITE) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Communication Equipment industry. Lumentum Holdings Inc’s current insider ownership accounts for 4.47%, in contrast to 108.56% institutional ownership. According to the most recent insider trade that took place on Nov 29 ’24, this organization’s EVP & CHIEF FINANCIAL OFFICER sold 29,887 shares at the rate of 85.06, making the entire transaction reach 2,542,159 in total value, affecting insider ownership by 56,492.
Lumentum Holdings Inc (LITE) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.
Lumentum Holdings Inc’s EPS increase for this current 12-month fiscal period is 54.57% and is forecasted to reach 3.68 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 39.16% through the next 5 years, which can be compared against the -72.21% growth it accomplished over the previous five years trading on the market.
Lumentum Holdings Inc (NASDAQ: LITE) Trading Performance Indicators
Let’s observe the current performance indicators for Lumentum Holdings Inc (LITE). It’s Quick Ratio in the last reported quarter now stands at 4.04. The Stock has managed to achieve an average true range (ATR) of 3.97. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.52.
In the same vein, LITE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -8.29, a figure that is expected to reach 0.35 in the next quarter, and analysts are predicting that it will be 3.68 at the market close of one year from today.
Technical Analysis of Lumentum Holdings Inc (LITE)
[Lumentum Holdings Inc, LITE] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 38.54% While, its Average True Range was 4.15.
Raw Stochastic average of Lumentum Holdings Inc (LITE) in the period of the previous 100 days is set at 91.03%, which indicates a major rise in contrast to 61.16% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 49.55% that was lower than 60.72% volatility it exhibited in the past 100-days period.
