On Friday, Lumentum Holdings Inc (NASDAQ: LITE) opened higher 1.29% from the last session, before settling in for the closing price of $83.98. Price fluctuations for LITE have ranged from $38.28 to $104.00 over the past 52 weeks.
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Technology Sector giant saw their annual sales slid by -2.11% over the last five years. Company’s average yearly earnings per share was noted 54.82% at the time writing. With a float of $65.32 million, this company’s outstanding shares have now reached $68.60 million.
The firm has a total of 7257 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Lumentum Holdings Inc is 4.48%, while institutional ownership is 108.53%. The most recent insider transaction that took place on Jan 22 ’25, was worth 3,497,372. Before that another transaction happened on Nov 29 ’24, when Company’s EVP & CHIEF FINANCIAL OFFICER sold 29,887 for $85.06, making the entire transaction worth $2,542,159. This insider now owns 56,492 shares in total.
Lumentum Holdings Inc (LITE) Earnings and Forecasts
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 54.82% per share during the next fiscal year.
Lumentum Holdings Inc (NASDAQ: LITE) Trading Performance Indicators
Check out the current performance indicators for Lumentum Holdings Inc (LITE). In the past quarter, the stock posted a quick ratio of 4.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.24.
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 3.77 in one year’s time.
Technical Analysis of Lumentum Holdings Inc (LITE)
Analysing the last 5-days average volume posted by the [Lumentum Holdings Inc, LITE], we can find that recorded value of 3.6 million was better than the volume posted last year of 2.09 million. As of the previous 9 days, the stock’s Stochastic %D was 34.19%. Additionally, its Average True Range was 5.61.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 64.74%, which indicates a significant increase from 42.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.82% in the past 14 days, which was higher than the 64.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $87.25, while its 200-day Moving Average is $62.78. Now, the first resistance to watch is $87.19. This is followed by the second major resistance level at $89.33. The third major resistance level sits at $90.65. If the price goes on to break the first support level at $83.73, it is likely to go to the next support level at $82.41. Should the price break the second support level, the third support level stands at $80.27.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
There are currently 68,700K shares outstanding in the company with a market cap of 5.84 billion. Presently, the company’s annual sales total 1,359 M according to its annual income of -546,500 K. Last quarter, the company’s sales amounted to 336,900 K and its income totaled -82,400 K.
