Lumentum Holdings Inc (NASDAQ:LITE) price on current trading day, rose 19.57% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $59.81.
A look at the stock’s price movement, the close in the last trading session was $50.02, moving within a range at $48.88 and $62.75. The beta value (5-Year monthly) was 1.146. Turning to its 52-week performance, $104.00 and $38.28 were the 52-week high and 52-week low respectively. Overall, LITE moved -3.61% over the past month.
Lumentum Holdings Inc’s market cap currently stands at around $4.14 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-05.
Analysts have a consensus estimate of 418.18M for the company’s revenue for the quarter, with a low and high estimate of 412.5M and 424.7M respectively. The average forecast suggests up to a 14.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.61B, representing a 18.45% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LITE is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 6 recommend LITE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LITE’s current price about -4.76% and -14.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.45, while 7-day volatility ratio is 19.36% and 9.35% in the 30-day chart. Further, Lumentum Holdings Inc (LITE) has a beta value of 1.22, and an average true range (ATR) of 6.65. Analysts have given the company’s stock an average 52-week price target of $82, forecast between a low of $82 and high of $82. Looking at the price targets, the low is -37.1% off current price level while to achieve the yearly target high, price needs to move -37.1%. Nonetheless, investors will most likely welcome a -37.1% jump to $82 which is the analysts’ median price.
If we refocus on Lumentum Holdings Inc (NASDAQ:LITE), historical trading data shows that trading volumes averaged 3.83 over the past 10 days and 2.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 69.10 million shares.
The 4.37% of Lumentum Holdings Inc’s shares are in the hands of company insiders while institutional holders own 112.06% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.41 million on 2025-03-14, giving us a short ratio of 3.81. The data shows that as of 2025-03-14 short interest in Lumentum Holdings Inc (LITE) stood at 2010.0000000000002 of shares outstanding, with shares short rising to 10.22 million registered in 2025-02-14. Current price change has pushed the stock -28.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LITE stock continues to rise going into the next quarter.
