Lumentum Holdings Inc (NASDAQ: LITE) on Tuesday, soared 2.01% from the previous trading day, before settling in for the closing price of $62.34. Within the past 52 weeks, LITE’s price has moved between $38.28 and $104.00.
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A company in the Technology sector has dropped its sales by -2.11% annually for the last half of the decade. The company achieved an average annual earnings per share of 72.10%. With a float of $66.18 million, this company’s outstanding shares have now reached $69.10 million.
In an organization with 7257 employees, it is important to assess its efficiency. 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
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. 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 72.10% 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
Lumentum Holdings Inc (LITE) is currently performing well based on its current performance indicators. A quick ratio of 3.60 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 3.11.
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 3.76 in one year’s time.
Technical Analysis of Lumentum Holdings Inc (LITE)
Let’s dig in a bit further. During the last 5-days, its volume was 2.24 million. That was inferior than the volume of 2.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.90%. Additionally, its Average True Range was 4.59.
During the past 100 days, Lumentum Holdings Inc’s (LITE) raw stochastic average was set at 15.88%, which indicates a significant decrease from 32.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.55% in the past 14 days, which was higher than the 74.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.36, while its 200-day Moving Average is $68.35. However, in the short run, Lumentum Holdings Inc’s stock first resistance to watch stands at $65.06. Second resistance stands at $66.52. The third major resistance level sits at $69.14. If the price goes on to break the first support level at $60.98, it is likely to go to the next support level at $58.36. The third support level lies at $56.90 if the price breaches the second support level.
Lumentum Holdings Inc (NASDAQ: LITE) Key Stats
Market capitalization of the company is 4.40 billion based on 69,200K outstanding shares. Right now, sales total 1,359 M and income totals -546,500 K. The company made 402,200 K in profit during its latest quarter, and -60,900 K in sales during its previous quarter.
