Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Lumentum Holdings Inc (NASDAQ: LITE) closed the day trading at $77.68 down -0.58% from the previous closing price of $78.13. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 1.71 million shares were traded. LITE stock price reached its highest trading level at $79.115 during the session, while it also had its lowest trading level at $75.52.
Ratios:
For a better understanding of LITE, let’s look at its different ratios. 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.
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 the company, Barclays on January 17, 2025, Upgraded its rating to Overweight and sets its target price to $125 from $80 previously.
On August 15, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $65 to $70.
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 Jan 22 ’25 when VINCENT D RETORT bought 35,153 shares for $99.49 per share.
Ali Wajid sold 29,887 shares of LITE for $2,542,159 on Nov 29 ’24. The EVP & CHIEF FINANCIAL OFFICER now owns 56,492 shares after completing the transaction at $85.06 per share. On Nov 29 ’24, another insider, WAJID ALI, who serves as the Officer of the company, bought 29,887 shares for $85.06 each.
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 5375456256 and an Enterprise Value of 7087055872. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.80 while its Price-to-Book (P/B) ratio in mrq is 6.15. Its current Enterprise Value per Revenue stands at 5.012 whereas that against EBITDA is -138.962.
Stock Price History:
The Beta on a monthly basis for LITE is 1.01, which has changed by 0.57470095 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. 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 -10.63%, while the 200-Day Moving Average is calculated to be 19.82%.
Shares Statistics:
Over the past 3-months, LITE traded about 2.02M shares per day on average, while over the past 10 days, LITE traded about 3158750 shares per day. A total of 69.10M shares are outstanding, with a floating share count of 65.97M. Insiders hold about 4.44% of the company’s shares, while institutions hold 106.96% stake in the company. Shares short for LITE as of 1738281600 were 9641784 with a Short Ratio of 4.77, compared to 1735603200 on 11392314. Therefore, it implies a Short% of Shares Outstanding of 9641784 and a Short% of Float of 18.620001.
