Lumentum Holdings Inc (LITE) concluded trading on Wednesday at a closing price of $58.77, with 3.85 million shares of worth about $226.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.03% during that period and on Wednesday February 7 the price saw a loss of about -0.12%. Currently the company’s common shares owned by public are about 66.40M shares, out of which, 64.35M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 59 times over the past 12 months. They bought 258,361 shares in 22 of the transactions. In 37 selling transactions, insiders dumped 98,241 shares.
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However, the stock later moved at a day high price of 60.94, or with a loss of -0.12%. Stock saw a price change of 6.97% in past 5 days and over the past one month there was a price change of 14.85%. Year-to-date (YTD), LITE shares are showing a performance of 12.11% which decreased to -3.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.35 but also hit the highest price of $65.16 during that period. The average intraday trading volume for Lumentum Holdings Inc shares is 1.15 million. The stock is currently trading 8.26% above its 20-day simple moving average (SMA20), while that difference is up 16.76% for SMA50 and it goes to 20.37% higher than SMA200.
Lumentum Holdings Inc (NASDAQ: LITE) currently have 66.40M outstanding shares and institutions hold larger chunk of about 101.77% of that.
The stock has a current market capitalization of $3.94B and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$2.94 in the same period. It has Quick Ratio of 3.81 while making debt-to-equity ratio of 2.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LITE, volatility over the week remained 3.55% while standing at 3.16% over the month.
Analysts are in expectations that Lumentum Holdings Inc (LITE) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $3.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.39 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -68.35% while it is estimated to increase by 136.92% in next year.