Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Lumentum Holdings Inc (NASDAQ: LITE) was $70.39 for the day, down -2.87% from the previous closing price of $72.47. In other words, the price has decreased by -$2.87 from its previous closing price. On the day, 3.04 million shares were traded.
Ratios:
Our analysis of LITE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 4.76. In the meantime, Its Debt-to-Equity ratio is 2.99 whereas as Long-Term Debt/Eq ratio is at 2.97.
On January 17, 2025, Barclays Upgraded its rating to Overweight which previously was Underweight and also upped its target price recommendation from $80 to $125.
Needham reiterated its Buy rating for the stock on August 15, 2024, while the target price for the stock was revised from $65 to $70.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 18 ’25 when Ali Wajid sold 2,172 shares for $78.34 per share. The transaction valued at 170,161 led to the insider holds 51,976 shares of the business.
WAJID ALI bought 2,172 shares of LITE for $170,161 on Feb 18 ’25. On Jan 22 ’25, another insider, VINCENT D RETORT, who serves as the Officer of the company, bought 35,153 shares for $99.49 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.45 while its Price-to-Book (P/B) ratio in mrq is 5.58.
Stock Price History:
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 -17.19%, while the 200-Day Moving Average is calculated to be 7.02%.
Shares Statistics:
A total of 69.10M shares are outstanding, with a floating share count of 66.14M. Insiders hold about 4.42% of the company’s shares, while institutions hold 106.99% stake in the company.
