Lumentum Holdings Inc (LITE) recent activity suggests a positive outlook with the last week’s performance of 7.79%

On Monday, Lumentum Holdings Inc (NASDAQ: LITE) opened higher 10.54% from the last session, before settling in for the closing price of $66.61. Price fluctuations for LITE have ranged from $38.28 to $104.00 over the past 52 weeks.

Annual sales at Technology sector company slipped by -2.11% over the past five years. Company’s average yearly earnings per share was noted 72.22% at the time writing. With a float of $66.18 million, this company’s outstanding shares have now reached $69.10 million.

Let’s look at the performance matrix of the company that is accounted for 7257 employees. In terms of profitability, gross margin is 17.76%, operating margin of -22.9%, and the pretax margin is -25.21%.

Lumentum Holdings Inc (LITE) Insider and Institutional Ownership

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 4.37%, while institutional ownership is 112.04%. The most recent insider transaction that took place on Feb 18 ’25, was worth 170,161. In this transaction EVP & CHIEF FINANCIAL OFFICER of this company sold 2,172 shares at a rate of $78.34, taking the stock ownership to the 51,976 shares. Before that another transaction happened on Feb 18 ’25, when Company’s Officer proposed sale 2,172 for $78.34, making the entire transaction worth $170,161.

Lumentum Holdings Inc (LITE) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.63 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 72.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 70.75% 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

Check out the current performance indicators for Lumentum Holdings Inc (LITE). In the past quarter, the stock posted a quick ratio of 3.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.60.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.70, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 3.74 in one year’s time.

Technical Analysis of Lumentum Holdings Inc (LITE)

Lumentum Holdings Inc (NASDAQ: LITE) saw its 5-day average volume 2.72 million, a positive change from its year-to-date volume of 2.6 million. As of the previous 9 days, the stock’s Stochastic %D was 86.79%. Additionally, its Average True Range was 5.04.

During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 36.78%, which indicates a significant decrease from 99.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.78% in the past 14 days, which was higher than the 73.81% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.07, while its 200-day Moving Average is $67.78. Nevertheless, the first resistance level for the watch stands at $74.76 in the near term. At $75.89, the stock is likely to face the second major resistance level. The third major resistance level sits at $78.07. If the price goes on to break the first support level at $71.45, it is likely to go to the next support level at $69.27. The third support level lies at $68.14 if the price breaches the second support level.

Lumentum Holdings Inc (NASDAQ: LITE) Key Stats

There are currently 69,200K shares outstanding in the company with a market cap of 5.10 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 402,200 K and its income totaled -60,900 K.