Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $65.88 in the last session, down -3.56% from day before closing price of $68.31. In other words, the price has decreased by -$3.56 from its previous closing price. On the day, 4.65 million shares were traded. LITE stock price reached its highest trading level at $68.98 during the session, while it also had its lowest trading level at $63.39.
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.
Barclays Upgraded its Underweight to Overweight on January 17, 2025, whereas the target price for the stock was revised from $80 to $125.
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:
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 4558895616 and an Enterprise Value of 6270495744. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.22 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 4.435 whereas that against EBITDA is -122.951.
Stock Price History:
The Beta on a monthly basis for LITE is 1.11, which has changed by 0.34972346 over the last 52 weeks, in comparison to a change of 0.07465422 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 -16.16%, while the 200-Day Moving Average is calculated to be -2.06%.
Shares Statistics:
According to the various share statistics, LITE traded on average about 2.39M shares per day over the past 3-months and 3376350 shares per day over the past 10 days. 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 112.09% stake in the company. Shares short for LITE as of 1740700800 were 10335244 with a Short Ratio of 4.32, compared to 1738281600 on 9641784. Therefore, it implies a Short% of Shares Outstanding of 10335244 and a Short% of Float of 19.96.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
