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After finishing at $53.01 in the prior trading day, Lumentum Holdings Inc (NASDAQ: LITE) closed at $55.43, up 4.57%. In other words, the price has increased by $4.57 from its previous closing price. On the day, 1.53 million shares were traded. LITE stock price reached its highest trading level at $56.01 during the session, while it also had its lowest trading level at $52.6.
Ratios:
Our goal is to gain a better understanding of LITE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.43 and its Current Ratio is at 5.90. In the meantime, Its Debt-to-Equity ratio is 2.67 whereas as Long-Term Debt/Eq ratio is at 2.66.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3769240064 and an Enterprise Value of 5277280256. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 3.883 whereas that against EBITDA is -63.89.
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 6.21%, while the 200-Day Moving Average is calculated to be 13.59%.
Shares Statistics:
The stock has traded on average 1.45M shares per day over the past 3-months and 1679340 shares per day over the last 10 days, according to various share statistics. A total of 67.90M shares are outstanding, with a floating share count of 64.11M. Insiders hold about 5.72% of the company’s shares, while institutions hold 110.35% stake in the company. Shares short for LITE as of 1723680000 were 9250539 with a Short Ratio of 6.38, compared to 1721001600 on 10408837. Therefore, it implies a Short% of Shares Outstanding of 9250539 and a Short% of Float of 17.31.
