The stock of Lumentum Holdings Inc (LITE) has seen a 0.64% increase in the past week, with a -1.62% drop in the past month, and a 64.30% flourish in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 3.24% for LITE. The simple moving average for the last 20 days is -0.17% for LITE stock, with a simple moving average of 27.07% for the last 200 days.
Is It Worth Investing in Lumentum Holdings Inc (NASDAQ: LITE) Right Now?
Company’s 36-month beta value is 0.86.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for LITE is 64.98M, and currently, short sellers hold a 14.92% ratio of that floaft. The average trading volume of LITE on November 06, 2024 was 1.66M shares.
LITE) stock’s latest price update
The stock of Lumentum Holdings Inc (NASDAQ: LITE) has increased by 3.13 when compared to last closing price of 64.17. Despite this, the company has experienced a 0.64% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-04 that SAN JOSE, Calif.–(BUSINESS WIRE)–Lumentum Holdings Inc. (“Lumentum”), a market-leading designer and manufacturer of innovative optical and photonic products, today announced publication of its fourth annual Fiscal 2024 Corporate Sustainability Report, showcasing the company’s environmental, social, and governance achievements. Highlights from the report include: Planet – Continued Momentum and Expansion of Climate Change Initiatives Lumentum made notable advances over the past fiscal year tow.
Analysts’ Opinion of LITE
Many brokerage firms have already submitted their reports for LITE stocks, with Needham repeating the rating for LITE by listing it as a “Buy.” The predicted price for LITE in the upcoming period, according to Needham is $70 based on the research report published on August 15, 2024 of the current year 2024.
Rosenblatt gave a rating of “Buy” to LITE, setting the target price at $62 in the report published on August 18th of the previous year.
LITE Trading at 6.61% 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 -6.88% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares sank -2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.32% upper at present.
During the last 5 trading sessions, LITE rose by +0.64%, which changed the moving average for the period of 200-days by +22.15% in comparison to the 20-day moving average, which settled at $66.29. In addition, Lumentum Holdings Inc saw 26.25% 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 Sepe Matthew Joseph, who sale 9,903 shares at the price of $49.23 back on Feb 15 ’24. After this action, Sepe Matthew Joseph now owns 33,188 shares of Lumentum Holdings Inc, valued at $487,558 using the latest closing price.
Johnson Julia Suzanne, the Director of Lumentum Holdings Inc, sale 1,163 shares at $44.17 during a trade that took place back on Nov 20 ’23, which means that Johnson Julia Suzanne is holding 22,032 shares at $51,370 based on the most recent closing price.
Stock Fundamentals for LITE
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.16 for the gross margin
The net margin for Lumentum Holdings Inc stands at -0.4. The total capital return value is set at -0.1. Equity return is now at value -47.25, with -12.76 for asset returns.
Based on Lumentum Holdings Inc (LITE), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 2.63. The interest coverage ratio of the stock is -11.12.
Currently, EBITDA for the company is -79.4 million with net debt to EBITDA at -35.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.9. The receivables turnover for the company is 6.78for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.90.
Conclusion
In a nutshell, Lumentum Holdings Inc (LITE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
