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The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $41.98 in the last session, down -3.07% from day before closing price of $43.31. In other words, the price has decreased by -$3.07 from its previous closing price. On the day, 0.73 million shares were traded. LITE stock price reached its highest trading level at $43.81 during the session, while it also had its lowest trading level at $41.95.
Ratios:
We take a closer look at LITE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 3.13. In the meantime, Its Debt-to-Equity ratio is 2.26 whereas as Long-Term Debt/Eq ratio is at 2.00.
On August 18, 2023, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $67 to $62.
BofA Securities Downgraded its Neutral to Underperform on July 18, 2023, while the target price for the stock was maintained at $50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 15 ’24 when Sepe Matthew Joseph sold 9,903 shares for $49.23 per share. The transaction valued at 487,558 led to the insider holds 33,188 shares of the business.
Johnson Julia Suzanne sold 1,163 shares of LITE for $51,370 on Nov 20 ’23. The Director now owns 22,032 shares after completing the transaction at $44.17 per share. On Jun 20 ’23, another insider, Ali Wajid, who serves as the EVP & Chief Financial Officer of the company, sold 6,872 shares for $60.50 each. As a result, the insider received 415,756 and left with 35,629 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LITE now has a Market Capitalization of 2829452032 and an Enterprise Value of 4494252032. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 3.124 whereas that against EBITDA is 103.793.
Stock Price History:
The Beta on a monthly basis for LITE is 1.09, which has changed by -0.08937091 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, LITE has reached a high of $65.16, while it has fallen to a 52-week low of $35.35. The 50-Day Moving Average of the stock is -13.41%, while the 200-Day Moving Average is calculated to be -13.01%.
Shares Statistics:
According to the various share statistics, LITE traded on average about 1.55M shares per day over the past 3-months and 813310 shares per day over the past 10 days. A total of 66.40M shares are outstanding, with a floating share count of 64.77M. Insiders hold about 3.91% of the company’s shares, while institutions hold 104.60% stake in the company. Shares short for LITE as of 1711584000 were 10451379 with a Short Ratio of 6.75, compared to 1709164800 on 10505655. Therefore, it implies a Short% of Shares Outstanding of 10451379 and a Short% of Float of 19.770001.
Earnings Estimates
The market rating for Lumentum Holdings Inc (LITE) is a result of the insights provided by 15 analysts actively involved in the assessment.On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.21, while EPS last year was $0.75. The consensus estimate for the next quarter is $0.14, with high estimates of $0.39 and low estimates of $0.05.
Analysts are recommending an EPS of between $1.34 and $0.98 for the fiscal current year, implying an average EPS of $1.07. EPS for the following year is $2.38, with 15 analysts recommending between $2.7 and $1.69.
Revenue Estimates
A total of 16 analysts have provided revenue estimates for LITE’s current fiscal year. The highest revenue estimate was $1.4B, while the lowest revenue estimate was $1.36B, resulting in an average revenue estimate of $1.38B. In the same quarter a year ago, actual revenue was $1.77B, down -21.90% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $1.65B in the next fiscal year. The high estimate is $1.79B and the low estimate is $1.51B. The average revenue growth estimate for next year is up 19.40% from the average revenue estimate for this year.
