The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for LITE is 65.62M, and at present, short sellers hold a 17.36% of that float. On January 27, 2025, the average trading volume of LITE was 1.74M shares.
LITE) stock’s latest price update
Lumentum Holdings Inc (NASDAQ: LITE)’s stock price has dropped by -19.98 in relation to previous closing price of 95.65. Nevertheless, the company has seen a loss of -18.93% in its stock price over the last five trading days. zacks.com reported 2025-01-24 that Lumentum, IPG Photonics and MicroVision have been highlighted in this Industry Outlook article.
LITE’s Market Performance
Lumentum Holdings Inc (LITE) has seen a -18.93% fall in stock performance for the week, with a -8.03% decline in the past month and a 16.57% surge in the past quarter. The volatility ratio for the week is 4.08%, and the volatility levels for the past 30 days are at 3.99% for LITE. The simple moving average for the past 20 days is -13.50% for LITE’s stock, with a 23.36% simple moving average for the past 200 days.
Analysts’ Opinion of LITE
Many brokerage firms have already submitted their reports for LITE stocks, with Barclays repeating the rating for LITE by listing it as a “Overweight.” The predicted price for LITE in the upcoming period, according to Barclays is $125 based on the research report published on January 17, 2025 of the current year 2025.
Needham, on the other hand, stated in their research note that they expect to see LITE reach a price target of $70, previously predicting the price at $65. The rating they have provided for LITE stocks is “Buy” according to the report published on August 15th, 2024.
LITE Trading at -12.65% 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 -26.40% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 4.08%, as shares sank -6.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.35% lower at present.
During the last 5 trading sessions, LITE fell by -16.73%, which changed the moving average for the period of 200-days by +66.38% in comparison to the 20-day moving average, which settled at $88.59. In addition, Lumentum Holdings Inc saw -8.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LITE starting from VINCENT D RETORT, who proposed sale 35,153 shares at the price of $99.49 back on Jan 22 ’25. After this action, VINCENT D RETORT now owns shares of Lumentum Holdings Inc, valued at $3,497,372 using the latest closing price.
Ali Wajid, the EVP & CHIEF FINANCIAL OFFICER of Lumentum Holdings Inc, sale 29,887 shares at $85.06 during a trade that took place back on Nov 29 ’24, which means that Ali Wajid is holding 56,492 shares at $2,542,159 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 0.75 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 2.93. 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 5.29. 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
To sum up, Lumentum Holdings Inc (LITE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
