Lumentum Holdings Inc (NASDAQ:LITE) currently has a daily average trading volume of 2.76M but it saw 4864105 shares traded in last market. With a market cap of 5.57B USD, the company’s current market price of $80.28 came rising about 3.39 while comparing to the previous closing price of $77.65. 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 $79.495 while lowest mark touched by it was $84.0389.
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 3.06% up while it is 27.09% when we observe its performance for the past one month. Year-to-date it is -4.37% down and over the past year, the stock is showing an upside performance of 84.55%.
The company is expected to be releasing its next quarterly report on 2025-May-05, for which analysts forecasted an EPS of 0.77 while estimate for next year EPS is 1.94. In next quarter, company is expected to be making quarterly sales of $488.62M as analysts are expecting the sales for current fiscal year at $1.62B and seeing the company making $2.11B in sales next year. Moreover, analysts are in estimates of $460.71M for current-quarter revenue.
Currently, Lumentum Holdings Inc’s total number of outstanding shares is 69.40M with 0.86% of that held by the insiders while 117.68% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -12.69% and return on equity (ROE) at -42.79%. It has a 20.44 of forward P/E ratio. Stock’s beta reads 1.27. Stock has a price to book (P/B) ratio of 6.33 while price to sale or P/S ratio amounts to 3.78. Its return on asset (ROA) is -10.76% on average.
