Lumentum Holdings Inc (NASDAQ:LITE) currently has a daily average trading volume of 1.10M but it saw 1323629 shares traded in last market. With a market cap of 3.56B USD, the company’s current market price of $52.71 came falling about -3.81 while comparing to the previous closing price of $54.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $60.99 and as low as $35.35.
Taking a look at 20-day trading activity of Lumentum Holdings Inc (LITE) gives us an average price of $54.83, while its current price level is -13.58% below from 52-week high level whereas it is 49.11% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $49.62 while that of 200 days or SMA-200 reads an average of $47.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.60% during that period while stretching the period over a month that decreases to 3.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.82 which implies that the stock is in neutral territory.
Rosenblatt upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 18, 2023 while assigning a price target range of $67-$62. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock is $50.
Over the week, LITE’s stock price is moving -8.19% down while it is 10.78% when we observe its performance for the past one month. Year-to-date it is 0.55% up and over the past year, the stock is showing an upside performance of 1.58%.
Currently, Lumentum Holdings Inc’s total number of outstanding shares is 66.40M. Company’s return on investment (ROI) stands at -9.51% and return on equity (ROE) at -26.09%. It has a 31.47 of forward P/E ratio. Stock’s beta reads 0.88. Stock has a price to book (P/B) ratio of 3.03 while price to sale or P/S ratio amounts to 2.51. Its return on asset (ROA) is -8.28% on average.
