Why Lumentum Holdings Inc. (LITE) Is in Such Horrid Condition

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Lumentum Holdings Inc. (NASDAQ:LITE) went up by 1.05% from its latest closing price compared to the recent 1-year high of $96.74. The company’s stock price has collected 1.82% of gains in the last five trading sessions. MarketWatch.com reported 18 hours ago that Here are five stocks to own for the 5G network buildout

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Is It Worth Investing in Lumentum Holdings Inc. (NASDAQ :LITE) Right Now?

Lumentum Holdings Inc. (NASDAQ:LITE) scored a price-to-earnings ratio above its average ratio, recording 47.96 x from its present earnings ratio. Plus, the 36-month beta value for LITE is at 1.11. Opinions of the stock are interesting as 13 analysts out of 16 who provided ratings for Lumentum Holdings Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $103.13, which is $19.9 above the current price. LITE currently public float of 74.99M and currently shorts hold a 9.72% ratio of that float. Today, the average trading volume of LITE was 1.29M shares.

LITE’s Market Performance

LITE stocks went up by 1.82% for the week, with a monthly jump of 17.08% and a quarterly performance of -0.55%, while its annual performance rate touched 57.62%. The volatility ratio for the week stands at 3.00% while the volatility levels for the past 30 days are set at 3.51% for Lumentum Holdings Inc.. The simple moving average for the period of the last 20 days is 7.91% for LITE stocks with a simple moving average of 5.25% for the last 200 days.

Analysts’ Opinion of LITE

Many brokerage firms have already submitted their reports for LITE stocks, with B. Riley FBR repeating the rating for LITE by listing it as a “Buy.” The predicted price for LITE in the upcoming period, according to B. Riley FBR is $99 based on the research report published on September 24th of the current year 2020.

Goldman gave a rating of “Sell” to LITE, setting the target price at $87 in the report published on April 17th of the current year.

LITE Trading at 2.88% from the 50-Day Moving Average

After a stumble in the market that brought LITE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.64% of loss for the given period.

Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +17.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.26% lower at present.

During the last 5 trading sessions, LITE rose by +1.82%, which changed the moving average for the period of 200-days by +5.35% in comparison to the 20-day moving average, which settled at $78.05. In addition, Lumentum Holdings Inc. saw 5.35% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at LITE starting from LOWE ALAN S, who sale 18,597 shares at the price of $86.28 back on Aug 24. After this action, LOWE ALAN S now owns 165,928 shares of Lumentum Holdings Inc., valued at $1,604,535 using the latest closing price.

Ali Wajid, the EVP & Chief Financial Officer of Lumentum Holdings Inc., sale 6,694 shares at $86.27 during a trade that took place back on Aug 24, which means that Ali Wajid is holding 106,989 shares at $577,503 based on the most recent closing price.

Stock Fundamentals for LITE

Current profitability levels for the company are sitting at:

  • +12.89 for the present operating margin
  • +37.43 for the gross margin

The net margin for Lumentum Holdings Inc. stands at +8.07. The total capital return value is set at 8.20, while invested capital returns managed to touch 5.15. Equity return is now at value 8.10, with 4.30 for asset returns.

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Based on Lumentum Holdings Inc. (LITE), the company’s capital structure generated 67.99 points at debt to equity in total, while total debt to capital is 40.47. Total debt to assets is 36.12, with long-term debt to equity ratio resting at 67.34. Finally, the long-term debt to capital ratio is 40.09.

Currently, EBITDA for the company is 78.60M with total debt to EBITDA at 2.75. When we switch over and look at the enterprise to sales, we see a ratio of 3.30, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 6.46 and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.24.

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