Lumentum Holdings Inc [LITE] stock is trading at $69.62, up 1.22%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LITE shares have gain 3.76% over the last week, with a monthly amount glided 19.46%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lumentum Holdings Inc [NASDAQ: LITE] stock has seen the most recent analyst activity on August 15, 2024, when Needham reiterated its Buy rating and also boosted its price target to $70 from $65. Previously, Craig Hallum upgraded its rating to Buy on December 22, 2023. On August 18, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $62 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $50 on July 18, 2023. Barclays downgraded its rating to a Underweight and raised its price target to $42 on July 05, 2023. Barclays downgraded its rating to Equal Weight for this stock on May 10, 2023, and downed its price target to $40. In a note dated April 17, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $54 to $60.
Lumentum Holdings Inc [LITE] stock has fluctuated between $35.35 and $70.09 over the past year. Currently, Wall Street analysts expect the stock to reach $74.6 within the next 12 months. Lumentum Holdings Inc [NASDAQ: LITE] shares were valued at $69.62 at the most recent close of the market. An investor can expect a potential return of 7.15% based on the average LITE price forecast.
Analyzing the LITE fundamentals
Lumentum Holdings Inc [NASDAQ:LITE] reported sales of 1.36B for the trailing twelve months, which represents a drop of -16.86%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.46 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 68.82 points at the first support level, and at 68.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.75, and for the 2nd resistance point, it is at 71.87.
Ratios To Look Out For
For context, Lumentum Holdings Inc’s Current Ratio is 5.90. As well, the Quick Ratio is 4.43, while the Cash Ratio is 1.62. Considering the valuation of this stock, the price to sales ratio is 3.52, the price to book ratio is 4.94.
Transactions by insiders
Recent insider trading involved Sepe Matthew Joseph, CHIEF ACCOUNTING OFFICER, that happened on Feb 15 ’24 when 9903.0 shares were sold. Director, Johnson Julia Suzanne completed a deal on Nov 20 ’23 to sell 1163.0 shares.
