Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $59.96 in the last session, down -0.20% from day before closing price of $60.08. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 1.05 million shares were traded.
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 3.60 and its Current Ratio is at 4.76. In the meantime, Its Debt-to-Equity ratio is 2.99 whereas as Long-Term Debt/Eq ratio is at 2.97.
On March 24, 2025, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also lowered its target price recommendation from $96 to $82.
Exane BNP Paribas Upgraded its Neutral to Outperform on March 11, 2025, while the target price for the stock was maintained at $92.
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 18 ’25 when Ali Wajid sold 2,172 shares for $78.34 per share. The transaction valued at 170,161 led to the insider holds 51,976 shares of the business.
WAJID ALI bought 2,172 shares of LITE for $170,161 on Feb 18 ’25. On Jan 22 ’25, another insider, VINCENT D RETORT, who serves as the Officer of the company, bought 35,153 shares for $99.49 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 4.75.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $104.00, while it has fallen to a 52-week low of $38.28. The 50-Day Moving Average of the stock is -4.34%, while the 200-Day Moving Average is calculated to be -12.69%.
Shares Statistics:
A total of 69.10M shares are outstanding, with a floating share count of 66.18M. Insiders hold about 4.37% of the company’s shares, while institutions hold 112.14% stake in the company.
