For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Lumentum Holdings Inc’s stock clocked out at $89.19, up 3.31% from its previous closing price of $86.33. In other words, the price has increased by $3.31 from its previous closing price. On the day, 2.82 million shares were traded. LITE stock price reached its highest trading level at $90.6499 during the session, while it also had its lowest trading level at $86.0001.
Ratios:
To gain a deeper understanding of LITE’s stock, we examine 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 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 6127353344 and an Enterprise Value of 7832952832. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.44 while its Price-to-Book (P/B) ratio in mrq is 6.83. Its current Enterprise Value per Revenue stands at 5.682 whereas that against EBITDA is -114.517.
Stock Price History:
The Beta on a monthly basis for LITE is 1.01, which has changed by 0.8938247 over the last 52 weeks, in comparison to a change of 0.208081 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 1.89%, while the 200-Day Moving Average is calculated to be 40.60%.
Shares Statistics:
It appears that LITE traded 2.00M shares on average per day over the past three months and 2841810 shares per day over the past ten days. A total of 68.60M shares are outstanding, with a floating share count of 65.52M. Insiders hold about 4.63% of the company’s shares, while institutions hold 108.46% stake in the company. Shares short for LITE as of 1736899200 were 10578809 with a Short Ratio of 5.29, compared to 1734048000 on 11786456. Therefore, it implies a Short% of Shares Outstanding of 10578809 and a Short% of Float of 20.629998999999998.
