Lumentum Holdings Inc.[LITE] stock saw a move by -2.60% on Thursday, touching 1.85 million. Based on the recent volume, Lumentum Holdings Inc. stock traders appear to be active. The most recent trading volume of LITE shares recorded 75.59M shares, which represents the daily volume of traded shares. Analysts estimates state that Lumentum Holdings Inc. [LITE] stock could reach median target price of $100.00.

Lumentum Holdings Inc. [LITE] stock additionally went up by +2.38% in the period of the 7 days, recording a gain in performance by 13.50% in the last 30 days. The yearly more of LITE stock is set at 98.68% by far, with shares price recording returns by 33.59% in the latest quarter. Over the past six months, LITE shares showcased 56.15% increase. LITE saw -2.99% change opposing the low price in the last 12 months, also recording 124.53% compared to high within the same period of time.

Lumentum Holdings Inc. [NASDAQ:LITE]: Analyst Rating and Earnings

Its stock price has been found in the range of 40.28 to 93.23. This is compared to its latest closing price of $92.85.

Keep looking out for the next-scheduled quarterly financial results that this company is expected to put out, which is slated to occur on Tue 5 May (In 82 Days).

Fundamental Analysis of Lumentum Holdings Inc. [LITE]

Now let’s turn to look at profitability: with a current Operating Margin for Lumentum Holdings Inc. [LITE] sitting at +2.62 and its Gross Margin at +27.07, this company’s Net Margin is now -0.20%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.

This company’s Return on Total Capital is 2.25, and its Return on Invested Capital has reached -1.10%. Its Return on Equity is -3.00, and its Return on Assets is -1.69. These metrics suggest that this Lumentum Holdings Inc. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.

Turning to investigate this organization’s capital structure, Lumentum Holdings Inc. [LITE] has generated a Total Debt to Total Equity ratio of 56.20. Similarly, its Total Debt to Total Capital is 35.98, while its Total Debt to Total Assets stands at 30.97. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 1.13, and its Long-Term Debt to Total Capital is 55.83.

What about valuation? This company’s Enterprise Value to EBITDA is 28.88 and its Total Debt to EBITDA Value is 4.24. The Enterprise Value to Sales for this firm is now 3.28, and its Total Debt to Enterprise Value stands at 0.22. Lumentum Holdings Inc. [LITE] has a Price to Book Ratio of 2.73, a Price to Cash Flow Ratio of 11.44.

Shifting the focus to workforce efficiency, Lumentum Holdings Inc. [LITE] earns $303,294 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 6.48 and its Total Asset Turnover is 0.73. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 3.73 and its Current Ratio is 4.53. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.

Lumentum Holdings Inc. [LITE] has 75.59M shares outstanding, amounting to a total market cap of $6.84B. Its stock price has been found in the range of 40.28 to 93.23. At its current price, it has moved down by -2.99% from its 52-week high, and it has moved up 124.53% from its 52-week low.

This stock’s Beta value is currently 1.38, which indicates that it is 3.14% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 67.82. This RSI score is good, suggesting this stock is neither overbought or oversold.

Conclusion: Is Lumentum Holdings Inc. [LITE] a Reliable Buy?

Shares of Lumentum Holdings Inc. [LITE], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.