The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
After finishing at $85.08 in the prior trading day, Lumentum Holdings Inc (NASDAQ: LITE) closed at $83.22, down -2.19%. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 1.54 million shares were traded. LITE stock price reached its highest trading level at $86.43 during the session, while it also had its lowest trading level at $82.89.
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 4.04 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:
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 Nov 29 ’24 when Ali Wajid sold 29,887 shares for $85.06 per share. The transaction valued at 2,542,159 led to the insider holds 56,492 shares of the business.
WAJID ALI bought 29,887 shares of LITE for $2,542,158 on Nov 29 ’24. On Nov 25 ’24, another insider, Retort Vincent, who serves as the PRESIDENT, INDUSTRIAL TECH. of the company, sold 41,710 shares for $89.52 each. As a result, the insider received 3,733,828 and left with 147,515 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 5717214208 and an Enterprise Value of 7550596096. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.22 while its Price-to-Book (P/B) ratio in mrq is 6.37. Its current Enterprise Value per Revenue stands at 5.477 whereas that against EBITDA is -110.389.
Stock Price History:
Over the past 52 weeks, LITE has reached a high of $96.25, while it has fallen to a 52-week low of $38.28. The 50-Day Moving Average of the stock is 4.91%, while the 200-Day Moving Average is calculated to be 44.04%.
Shares Statistics:
The stock has traded on average 1.81M shares per day over the past 3-months and 1724400 shares per day over the last 10 days, according to various share statistics. A total of 68.60M shares are outstanding, with a floating share count of 65.63M. Insiders hold about 4.47% of the company’s shares, while institutions hold 108.56% stake in the company. Shares short for LITE as of 1732838400 were 11148762 with a Short Ratio of 6.17, compared to 1730332800 on 9791786. Therefore, it implies a Short% of Shares Outstanding of 11148762 and a Short% of Float of 21.740000000000002.
