Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on 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
As of close of business last night, Lumentum Holdings Inc’s stock clocked out at $51.80, down -0.06% from its previous closing price of $51.83. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 0.63 million shares were traded. LITE stock price reached its highest trading level at $52.92 during the session, while it also had its lowest trading level at $51.48.
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 3.87 and its Current Ratio is at 5.20. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 2.17.
On August 18, 2023, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $67 to $62.
BofA Securities Downgraded its Neutral to Underperform on July 18, 2023, while the target price for the stock was maintained at $50.
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 Feb 15 ’24 when Sepe Matthew Joseph sold 9,903 shares for $49.23 per share. The transaction valued at 487,558 led to the insider holds 33,188 shares of the business.
Johnson Julia Suzanne sold 1,163 shares of LITE for $51,370 on Nov 20 ’23. The Director now owns 22,032 shares after completing the transaction at $44.17 per share.
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 3501679872 and an Enterprise Value of 5194279936. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 3.654 whereas that against EBITDA is 134.916.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $60.99, while it has fallen to a 52-week low of $35.35. The 50-Day Moving Average of the stock is 3.81%, while the 200-Day Moving Average is calculated to be 9.13%.
Shares Statistics:
It appears that LITE traded 1.13M shares on average per day over the past three months and 1283520 shares per day over the past ten days. A total of 66.40M shares are outstanding, with a floating share count of 64.26M. Insiders hold about 4.94% of the company’s shares, while institutions hold 109.02% stake in the company. Shares short for LITE as of 1721001600 were 10408837 with a Short Ratio of 9.22, compared to 1718323200 on 9700734. Therefore, it implies a Short% of Shares Outstanding of 10408837 and a Short% of Float of 19.620001000000002.
