Lumentum Holdings Inc (NASDAQ:LITE) currently has a daily average trading volume of 2.83M but it saw 5102107 shares traded in last market. With a market cap of 4.14B USD, the company’s current market price of $59.81 came rising about 19.57 while comparing to the previous closing price of $50.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $104.00 and as low as $38.28. In the recent trading on the day, stock has struck highest price mark of $48.88 while lowest mark touched by it was $62.75.
Taking a look at 20-day trading activity of Lumentum Holdings Inc (LITE) gives us an average price of $62.80, while its current price level is -42.49% below from 52-week high level whereas it is 56.22% 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 $70.10 while that of 200 days or SMA-200 reads an average of $68.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.36% during that period while stretching the period over a month that decreases to 9.35%. 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 46.45 which implies that the stock is in neutral territory.
Raymond James upgraded its recommendation for the stock as a “Strong Buy” from “Outperform” on March 24, 2025 while assigning a price target range of $96-$82. Exane BNP Paribas also issued its recommendations for the stock as it upgraded the price target for the stock is $92.
Over the week, LITE’s stock price is moving -10.49% down while it is -3.61% when we observe its performance for the past one month. Year-to-date it is -28.76% down and over the past year, the stock is showing an upside performance of 30.33%.
The company is expected to be releasing its next quarterly report on 2025-Feb-05, for which analysts forecasted an EPS of 0.5 while estimate for next year EPS is 1.74. In next quarter, company is expected to be making quarterly sales of $452.25M as analysts are expecting the sales for current fiscal year at $1.61B and seeing the company making $2.08B in sales next year. Moreover, analysts are in estimates of $418.18M for current-quarter revenue.
Currently, Lumentum Holdings Inc’s total number of outstanding shares is 69.10M with 0.89% of that held by the insiders while 117.30% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -15.11% and return on equity (ROE) at -48.63%. It has a 15.91 of forward P/E ratio. Stock’s beta reads 1.22. Stock has a price to book (P/B) ratio of 4.74 while price to sale or P/S ratio amounts to 2.93. Its return on asset (ROA) is -12.13% on average.
