Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Lumentum Holdings Inc (NASDAQ: LITE) closed the day trading at $86.97 up 3.82% from the previous closing price of $83.77. In other words, the price has increased by $3.82 from its previous closing price. On the day, 0.98 million shares were traded. LITE stock price reached its highest trading level at $87.23 during the session, while it also had its lowest trading level at $84.0.
Ratios:
For a better understanding of LITE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.04 and its Current Ratio is at 5.36. In the meantime, Its Debt-to-Equity ratio is 2.93 whereas as Long-Term Debt/Eq ratio is at 2.90.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on August 15, 2024, Reiterated its Buy rating but revised its target price to $70 from $65 previously.
Rosenblatt Upgraded its Neutral to Buy on August 18, 2023, whereas the target price for the stock was revised from $67 to $62.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 29 ’24 when WAJID ALI bought 29,887 shares for $85.06 per share.
Retort Vincent sold 41,710 shares of LITE for $3,733,828 on Nov 25 ’24. The PRESIDENT, INDUSTRIAL TECH. now owns 147,515 shares after completing the transaction at $89.52 per share. On Nov 22 ’24, another insider, Johnson Julia Suzanne, who serves as the Director of the company, sold 2,058 shares for $85.82 each. As a result, the insider received 176,618 and left with 23,287 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 5974839296 and an Enterprise Value of 7680438784. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 6.66. Its current Enterprise Value per Revenue stands at 5.572 whereas that against EBITDA is -112.287.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $91.21, while it has fallen to a 52-week low of $38.28. The 50-Day Moving Average of the stock is 21.37%, while the 200-Day Moving Average is calculated to be 59.24%.
Shares Statistics:
Over the past 3-months, LITE traded about 1.73M shares per day on average, while over the past 10 days, LITE traded about 1885010 shares per day. A total of 67.90M shares are outstanding, with a floating share count of 65.68M. Insiders hold about 4.40% of the company’s shares, while institutions hold 108.69% stake in the company. Shares short for LITE as of 1731628800 were 10598230 with a Short Ratio of 6.14, compared to 1728950400 on 9695252. Therefore, it implies a Short% of Shares Outstanding of 10598230 and a Short% of Float of 20.669999999999998.
Earnings Estimates
The market rating of Lumentum Holdings Inc (LITE) is currently shaped by the ongoing analysis conducted by 15.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.42, with high estimates of $0.63 and low estimates of $0.23.
Analysts are recommending an EPS of between $2.1 and $1.27 for the fiscal current year, implying an average EPS of $1.58. EPS for the following year is $3.7, with 13.0 analysts recommending between $4.45 and $3.17.
Revenue Estimates
14 analysts predict $388.86M in revenue for the current quarter. It ranges from a high estimate of $391.1M to a low estimate of $380.1M. As of the current estimate, Lumentum Holdings Inc’s year-ago sales were $366.8MFor the next quarter, 14 analysts are estimating revenue of $412.8M. There is a high estimate of $442.2M for the next quarter, whereas the lowest estimate is $393M.
A total of 15 analysts have provided revenue estimates for LITE’s current fiscal year. The highest revenue estimate was $1.65B, while the lowest revenue estimate was $1.54B, resulting in an average revenue estimate of $1.59B. In the same quarter a year ago, actual revenue was $1.36BBased on 13 analysts’ estimates, the company’s revenue will be $2.04B in the next fiscal year. The high estimate is $2.18B and the low estimate is $1.95B.
