The 36-month beta value for LITE is at 0.94. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for LITE is 65.63M, and currently, shorts hold a 16.99% of that float. The average trading volume for LITE on December 18, 2024 was 1.79M shares.
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LITE) stock’s latest price update
The stock of Lumentum Holdings Inc (NASDAQ: LITE) has decreased by -2.43 when compared to last closing price of 88.92.Despite this, the company has seen a loss of -1.63% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-18 that Lumentum’s consensus growth outlook is significantly higher than its past historical growth rate. We believe the company has a strong competitive position in the VCSEL market while being exposed to high growth opportunities in the Optical Transceiver market. In terms of geography, the company’s US segment has been growing the fastest with a 13.9% average growth rate and remains the company’s largest market.
LITE’s Market Performance
LITE’s stock has fallen by -1.63% in the past week, with a monthly rise of 7.73% and a quarterly rise of 41.91%. The volatility ratio for the week is 4.60% while the volatility levels for the last 30 days are 4.42% for Lumentum Holdings Inc The simple moving average for the last 20 days is -2.24% for LITE’s stock, with a simple moving average of 51.50% for the last 200 days.
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 10.63% 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 -9.86% of loss for the given period.
Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.27% upper at present.
During the last 5 trading sessions, LITE fell by -1.47%, which changed the moving average for the period of 200-days by +71.10% in comparison to the 20-day moving average, which settled at $88.76. In addition, Lumentum Holdings Inc saw 65.52% 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 Ali Wajid, who sale 29,887 shares at the price of $85.06 back on Nov 29 ’24. After this action, Ali Wajid now owns 56,492 shares of Lumentum Holdings Inc, valued at $2,542,159 using the latest closing price.
WAJID ALI, the Officer of Lumentum Holdings Inc, proposed sale 29,887 shares at $85.06 during a trade that took place back on Nov 29 ’24, which means that WAJID ALI is holding shares at $2,542,158 based on the most recent closing price.
Stock Fundamentals for LITE
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.16 for the gross margin
The net margin for Lumentum Holdings Inc stands at -0.41. The total capital return value is set at -0.1. Equity return is now at value -50.85, with -13.18 for asset returns.
Based on Lumentum Holdings Inc (LITE), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 2.88. The interest coverage ratio of the stock is -12.75.
Currently, EBITDA for the company is -110.7 million with net debt to EBITDA at -19.07. When we switch over and look at the enterprise to sales, we see a ratio of 5.86. The receivables turnover for the company is 6.94for 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 5.36.
Conclusion
In conclusion, Lumentum Holdings Inc (LITE) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
