Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
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
In the latest session, Lumentum Holdings Inc (NASDAQ: LITE) closed at $82.47 down -0.01% from its previous closing price of $82.48. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 1.58 million shares were traded. LITE stock price reached its highest trading level at $83.11 during the session, while it also had its lowest trading level at $80.23.
Ratios:
For a deeper understanding of Lumentum Holdings Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 18 ’24 when HERSCHER PENNY sold 1,625 shares for $81.09 per share. The transaction valued at 131,778 led to the insider holds 6,852 shares of the business.
HERSCHER PENNY sold 542 shares of LITE for $44,382 on Nov 19 ’24. The Director now owns 6,310 shares after completing the transaction at $81.89 per share. On Nov 20 ’24, another insider, COVERT HAROLD L, who serves as the Director of the company, bought 3,345 shares for $81.78 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 5665689088 and an Enterprise Value of 7371289088. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.11 while its Price-to-Book (P/B) ratio in mrq is 6.31. Its current Enterprise Value per Revenue stands at 5.347 whereas that against EBITDA is -107.767.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $89.70, while it has fallen to a 52-week low of $38.28. The 50-Day Moving Average of the stock is 21.04%, while the 200-Day Moving Average is calculated to be 54.08%.
Shares Statistics:
For the past three months, LITE has traded an average of 1.68M shares per day and 2795060 over the past ten days. A total of 67.90M shares are outstanding, with a floating share count of 65.99M. Insiders hold about 3.94% of the company’s shares, while institutions hold 108.69% stake in the company. Shares short for LITE as of 1730332800 were 9791786 with a Short Ratio of 5.83, compared to 1727654400 on 9675315. Therefore, it implies a Short% of Shares Outstanding of 9791786 and a Short% of Float of 19.12.
