Lumentum Holdings Inc [LITE] stock prices are up 5.65% to $94.41 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LITE shares have gain 11.89% over the last week, with a monthly amount glided 1.32%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Lumentum Holdings Inc [NASDAQ: LITE] stock has seen the most recent analyst activity on January 17, 2025, when Barclays upgraded its rating to a Overweight and also boosted its price target to $125 from $80. Previously, Needham reaffirmed its Buy rating on August 15, 2024, and elevated its price target to $70. On December 22, 2023, upgrade upgraded it’s rating to Buy. Rosenblatt upgraded its rating to a Buy and decreased its price target to $62 on August 18, 2023. BofA Securities downgraded its rating to a Underperform but $50 remained the price target by the analyst firm on July 18, 2023. Barclays downgraded its rating to Underweight for this stock on July 05, 2023, and upped its price target to $42. In a note dated May 10, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $55 to $40.
The stock price of Lumentum Holdings Inc [LITE] has been fluctuating between $38.28 and $96.25 over the past year. Currently, Wall Street analysts expect the stock to reach $57.57 within the next 12 months. Lumentum Holdings Inc [NASDAQ: LITE] shares were valued at $94.41 at the most recent close of the market. An investor can expect a potential drop of -39.02% based on the average LITE price forecast.
Analyzing the LITE fundamentals
The Lumentum Holdings Inc [NASDAQ:LITE] reported sales of 1.38B for trailing twelve months, representing a surge of 6.08%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.27%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.52 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 2.93.
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 92.47 points at the first support level, and at 90.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.52, and for the 2nd resistance point, it is at 96.63.
Ratios To Look Out For
It’s worth pointing out that Lumentum Holdings Inc [NASDAQ:LITE]’s Current Ratio is 5.36. Further, the Quick Ratio stands at 4.04, while the Cash Ratio is 1.6. Considering the valuation of this stock, the price to sales ratio is 4.71, the price to book ratio is 7.23.
Transactions by insiders
Recent insider trading involved Ali Wajid, EVP & CHIEF FINANCIAL OFFICER, that happened on Nov 29 ’24 when 29887.0 shares were sold. Officer, WAJID ALI completed a deal on Nov 29 ’24 to buy 29887.0 shares. Meanwhile, PRESIDENT, INDUSTRIAL TECH. Retort Vincent sold 41710.0 shares on Nov 25 ’24.
