Lumentum Holdings Inc (LITE) concluded trading on Wednesday at a closing price of $66.82, with 4.0 million shares of worth about $267.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.43% during that period and on April 03, 2025 the price saw a gain of about 5.08%. Currently the company’s common shares owned by public are about 69.10M shares, out of which, 66.18M shares are available for trading.
Stock saw a price change of 1.07% in past 5 days and over the past one month there was a price change of 2.66%. Year-to-date (YTD), LITE shares are showing a performance of -20.41% which increased to 38.77% 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 2.56 million. The stock is currently trading 3.00% above its 20-day simple moving average (SMA20), while that difference is down -9.39% for SMA50 and it goes to -2.37% lower than SMA200.
Lumentum Holdings Inc (NASDAQ: LITE) currently have 69.10M outstanding shares and institutions hold larger chunk of about 112.06% of that.
The stock has a current market capitalization of $4.62B and its 3Y-monthly beta is at 1.18. It has posted earnings per share of -$7.70 in the same period. It has Quick Ratio of 3.60 while making debt-to-equity ratio of 2.99. 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 6.51% while standing at 6.81% over the month.
Stock’s fiscal year EPS is expected to rise by 72.10% while it is estimated to increase by 116.24% in next year. EPS is likely to grow at an annualized rate of 70.75% 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 Raymond James on March 24, 2025 offering a Strong buy rating for the stock and assigned a target price range of between $96 and $82 to it. Coverage by Exane BNP Paribas stated Lumentum Holdings Inc (LITE) stock as an Outperform in their note to investors on March 11, 2025, suggesting a price target of $92 for the stock. On February 21, 2025, Jefferies Resumed their recommendations, while on January 17, 2025, Barclays Upgrade their ratings for the stock with a price target of $125. Stock get a Buy rating from Needham on August 15, 2024.
