In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Lumentum Holdings Inc (NASDAQ: LITE) was $53.94 for the day, up 4.88% from the previous closing price of $51.43. In other words, the price has increased by $4.88 from its previous closing price. On the day, 1.49 million shares were traded. LITE stock price reached its highest trading level at $54.0 during the session, while it also had its lowest trading level at $51.3.
Ratios:
Our analysis of LITE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.87 and its Current Ratio is at 5.20. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 2.17.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
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 3646343936 and an Enterprise Value of 5338944000. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 3.10. Its current Enterprise Value per Revenue stands at 3.755 whereas that against EBITDA is 138.674.
Stock Price History:
The Beta on a monthly basis for LITE is 0.88, which has changed by -0.012449682 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, LITE has reached a high of $60.99, while it has fallen to a 52-week low of $35.35. The 50-Day Moving Average of the stock is 18.67%, while the 200-Day Moving Average is calculated to be 15.86%.
Shares Statistics:
LITE traded an average of 1.03M shares per day over the past three months and 956380 shares per day over the past ten days. A total of 66.40M shares are outstanding, with a floating share count of 63.86M. Insiders hold about 5.53% of the company’s shares, while institutions hold 111.29% stake in the company. Shares short for LITE as of 1718323200 were 9700734 with a Short Ratio of 9.46, compared to 1715731200 on 9474637. Therefore, it implies a Short% of Shares Outstanding of 9700734 and a Short% of Float of 18.280001000000002.
