Lumentum Holdings Inc. (NASDAQ:LITE) went down by -8.19% from its latest closing price compared to the recent 1-year high of $112.08. The company’s stock price has collected -9.60% of loss in the last five trading sessions. Press Release reported on 04/26/21 that Lumentum to Announce Fiscal Third Quarter 2021 Financial Results on May 12, 2021
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 35.17 x from its present earnings ratio. Plus, the 36-month beta value for LITE is at 0.96. Opinions of the stock are interesting as 12 analysts out of 14 who provided ratings for Lumentum Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $115.14, which is $30.09 above the current price. LITE currently public float of 75.52M and currently shorts hold a 9.16% ratio of that float. Today, the average trading volume of LITE was 1.53M shares.
LITE’s Market Performance
LITE stocks went down by -9.60% for the week, with a monthly drop of -6.90% and a quarterly performance of -9.33%, while its annual performance rate touched 5.12%. The volatility ratio for the week stands at 3.13% while the volatility levels for the past 30 days are set at 2.42% for Lumentum Holdings Inc.. The simple moving average for the period of the last 20 days is -8.26% for LITE stocks with a simple moving average of -3.28% for the last 200 days.
Analysts’ Opinion of LITE
Many brokerage firms have already submitted their reports for LITE stocks, with Raymond James repeating the rating for LITE by listing it as a “Strong Buy.” The predicted price for LITE in the upcoming period, according to Raymond James is $112 based on the research report published on March 26th of the current year 2021.
Rosenblatt, on the other hand, stated in their research note that they expect to see LITE reach a price target of $97, previously predicting the price at $105. The rating they have provided for LITE stocks is “Neutral” according to the report published on March 18th, 2021.
Needham gave a rating of “Buy” to LITE, setting the target price at $120 in the report published on February 03rd of the current year.
LITE Trading at -5.32% 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 -24.12% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -8.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.97% lower at present.
During the last 5 trading sessions, LITE fell by -9.60%, which changed the moving average for the period of 200-days by +2.99% in comparison to the 20-day moving average, which settled at $92.33. In addition, Lumentum Holdings Inc. saw -10.28% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at LITE starting from LOWE ALAN S, who sale 9,862 shares at the price of $93.39 back on Feb 17. After this action, LOWE ALAN S now owns 126,464 shares of Lumentum Holdings Inc., valued at $920,999 using the latest closing price.
Ali Wajid, the EVP & Chief Financial Officer of Lumentum Holdings Inc., sale 6,480 shares at $93.35 during a trade that took place back on Feb 17, which means that Ali Wajid is holding 79,611 shares at $604,923 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 10.50, with 5.60 for asset returns.
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.
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.