Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
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
The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $57.48 in the last session, up 1.90% from day before closing price of $56.41. In other words, the price has increased by $1.90 from its previous closing price. On the day, 1.1 million shares were traded. LITE stock price reached its highest trading level at $57.75 during the session, while it also had its lowest trading level at $55.195.
Ratios:
We take a closer look at LITE’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 3908640000 and an Enterprise Value of 5581239808. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 4.08. Its current Enterprise Value per Revenue stands at 4.106 whereas that against EBITDA is -104.322.
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 11.75%, while the 200-Day Moving Average is calculated to be 18.69%.
Shares Statistics:
According to the various share statistics, LITE traded on average about 1.41M shares per day over the past 3-months and 2577970 shares per day over the past 10 days. A total of 67.90M shares are outstanding, with a floating share count of 64.63M. Insiders hold about 4.96% of the company’s shares, while institutions hold 111.06% stake in the company. Shares short for LITE as of 1722384000 were 9488795 with a Short Ratio of 6.57, compared to 1719532800 on 10077307. Therefore, it implies a Short% of Shares Outstanding of 9488795 and a Short% of Float of 17.879998999999998.
