Lumentum Holdings Inc (NASDAQ:LITE) currently has a daily average trading volume of 2.99M but it saw 2058793 shares traded in last market. With a market cap of 3.61B USD, the company’s current market price of $52.21 came falling about -0.91 while comparing to the previous closing price of $52.69. 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 $50.25 while lowest mark touched by it was $52.62.
Taking a look at 20-day trading activity of Lumentum Holdings Inc (LITE) gives us an average price of $59.68, while its current price level is -49.80% below from 52-week high level whereas it is 36.37% 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 $67.01 while that of 200 days or SMA-200 reads an average of $68.64. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.33% during that period while stretching the period over a month that increases to 9.29%. 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 40.70 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 -12.71% down while it is -20.75% when we observe its performance for the past one month. Year-to-date it is -37.81% down and over the past year, the stock is showing an upside performance of 24.87%.
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 117.38% 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 13.89 of forward P/E ratio. Stock’s beta reads 1.21. Stock has a price to book (P/B) ratio of 4.14 while price to sale or P/S ratio amounts to 2.56. Its return on asset (ROA) is -12.13% on average.
