Lumentum Holdings Inc (LITE) concluded trading on Thursday at a closing price of $92.67, with 5.06 million shares of worth about $468.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 122.82% during that period and on February 06, 2025 the price saw a gain of about 3.90%. Currently the company’s common shares owned by public are about 68.60M shares, out of which, 65.52M shares are available for trading.
Stock saw a price change of 10.35% in past 5 days and over the past one month there was a price change of 2.47%. Year-to-date (YTD), LITE shares are showing a performance of 10.39% which increased to 66.67% 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 $104.00 during that period. The average intraday trading volume for Lumentum Holdings Inc shares is 2.02 million. The stock is currently trading 5.62% above its 20-day simple moving average (SMA20), while that difference is up 5.69% for SMA50 and it goes to 45.50% higher than SMA200.
Lumentum Holdings Inc (NASDAQ: LITE) currently have 68.60M outstanding shares and institutions hold larger chunk of about 107.97% of that.
The stock has a current market capitalization of $6.37B and its 3Y-monthly beta is at 1.01. 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 6.13% while standing at 5.81% over the month.
Analysts are in expectations that Lumentum Holdings Inc (LITE) stock would likely to be making an EPS of 0.41 in the current quarter, while forecast for next quarter EPS is 0.63 and it is 3.77 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.23 which is 0.63 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 0.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 55.89% while it is estimated to increase by 139.31% in next year.
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 Barclays on January 17, 2025 offering an Overweight rating for the stock and assigned a target price range of between $80 and $125 to it. Coverage by Needham stated Lumentum Holdings Inc (LITE) stock as a Buy in their note to investors on August 15, 2024, suggesting a price target of $70 for the stock. On December 22, 2023, Craig Hallum Upgrade their recommendations, while on August 18, 2023, Rosenblatt Upgrade their ratings for the stock with a price target of $62. Stock get an Underperform rating from BofA Securities on July 18, 2023.
