Lumentum Holdings Inc (LITE) concluded trading on Thursday at a closing price of $85.61, with 3.66 million shares of worth about $313.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 86.43% during that period and on November 21, 2024 the price saw a gain of about 3.81%. Currently the company’s common shares owned by public are about 67.90M shares, out of which, 65.99M shares are available for trading.
Stock saw a price change of 0.56% in past 5 days and over the past one month there was a price change of 30.38%. Year-to-date (YTD), LITE shares are showing a performance of 63.32% which increased to 99.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.28 but also hit the highest price of $89.70 during that period. The average intraday trading volume for Lumentum Holdings Inc shares is 1.66 million. The stock is currently trading 13.50% above its 20-day simple moving average (SMA20), while that difference is up 24.50% for SMA50 and it goes to 59.55% higher than SMA200.
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Lumentum Holdings Inc (NASDAQ: LITE) currently have 67.90M outstanding shares and institutions hold larger chunk of about 108.69% of that.
The stock has a current market capitalization of $5.88B and its 3Y-monthly beta is at 0.90. It has posted earnings per share of -$8.29 in the same period. It has Quick Ratio of 4.04 while making debt-to-equity ratio of 2.93. 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 4.73% while standing at 4.03% over the month.
Stock’s fiscal year EPS is expected to rise by 55.07% while it is estimated to increase by 136.73% in next year. EPS is likely to grow at an annualized rate of 39.16% for next 5-years, compared to annual growth of -72.21% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on August 15, 2024 offering a Buy rating for the stock and assigned a target price range of between $65 and $70 to it. On August 18, 2023, Rosenblatt Upgrade their recommendations, while on July 18, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $50. Stock get an Underweight rating from Barclays on July 05, 2023.
