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The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $86.65 in the last session, down -0.08% from day before closing price of $86.72. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 2.12 million shares were traded. LITE stock price reached its highest trading level at $88.69 during the session, while it also had its lowest trading level at $85.87.
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 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:
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 Nov 12 ’24 when COVERT HAROLD L bought 15,000 shares for $87.17 per share.
Sepe Matthew Joseph sold 9,903 shares of LITE for $487,558 on Feb 15 ’24. The CHIEF ACCOUNTING OFFICER now owns 33,188 shares after completing the transaction at $49.23 per share. On Nov 20 ’23, another insider, Johnson Julia Suzanne, who serves as the Director of the company, sold 1,163 shares for $44.17 each. As a result, the insider received 51,370 and left with 22,032 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 5952855040 and an Enterprise Value of 7658455040. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.32 while its Price-to-Book (P/B) ratio in mrq is 6.63. Its current Enterprise Value per Revenue stands at 5.556 whereas that against EBITDA is -111.966.
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 34.32%, while the 200-Day Moving Average is calculated to be 64.39%.
Shares Statistics:
According to the various share statistics, LITE traded on average about 1.81M shares per day over the past 3-months and 2531150 shares per day over the past 10 days. A total of 67.90M shares are outstanding, with a floating share count of 65.80M. Insiders hold about 4.12% of the company’s shares, while institutions hold 111.13% stake in the company. Shares short for LITE as of 1728950400 were 9695252 with a Short Ratio of 5.40, compared to 1726185600 on 9657856. Therefore, it implies a Short% of Shares Outstanding of 9695252 and a Short% of Float of 18.93.
