The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Lumentum Holdings Inc (NASDAQ: LITE) closed at $66.24 in the last session, up 2.83% from day before closing price of $64.42. In other words, the price has increased by $2.83 from its previous closing price. On the day, 5.55 million shares were traded.
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 3.53 and its Current Ratio is at 4.72. In the meantime, Its Debt-to-Equity ratio is 2.97 whereas as Long-Term Debt/Eq ratio is at 2.94.
On March 24, 2025, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also lowered its target price recommendation from $96 to $82.
Exane BNP Paribas Upgraded its Neutral to Outperform on March 11, 2025, while the target price for the stock was maintained at $92.
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 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 3.11 while its Price-to-Book (P/B) ratio in mrq is 5.23.
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 8.20%, while the 200-Day Moving Average is calculated to be -3.78%.
Shares Statistics:
A total of 69.40M shares are outstanding, with a floating share count of 65.97M. Insiders hold about 4.66% of the company’s shares, while institutions hold 111.94% stake in the company.
