Lumentum Holdings Inc (NASDAQ:LITE) shares, rose in value on Wednesday, April 16, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $52.21.
Actively observing the price movement in the last trading, the stock closed the session at $52.69, falling within a range of $50.25 and $52.62. The value of beta (5-year monthly) was 1.146. Referring to stock’s 52-week performance, its high was $104.00, and the low was $38.28. On the whole, LITE has fluctuated by -20.75% over the past month.
With the market capitalization of Lumentum Holdings Inc currently standing at about $3.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.61B, with a low estimate of 412.5M and a high estimate of 424.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 418.18M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LITE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of LITE currently trading nearly -12.52% and -22.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.70, while the 7-day volatility ratio is showing 6.33% which for the 30-day chart, stands at 9.29%. Furthermore, Lumentum Holdings Inc (LITE)’s beta value is 1.21, and its average true range (ATR) is 5.74.
A comparison of Lumentum Holdings Inc (LITE) with its peers suggests the former has fared considerably weaker in the market. LITE showed an intraday change of -0.91% in last session, and over the past year, it grew by 24.87%%.
Data on historical trading for Lumentum Holdings Inc (NASDAQ:LITE) indicates that the trading volumes over the past 10 days have averaged 4.08 and over the past 3 months, they’ve averaged 2.99 million. According to company’s latest data on outstanding shares, there are 69.10 million shares outstanding.
Nearly 4.37% of Lumentum Holdings Inc’s shares belong to company insiders and institutional investors own 112.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.39 million shares as on 2025-03-31, resulting in a short ratio of 3.76. According to the data, the short interest in Lumentum Holdings Inc (LITE) stood at 2006.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 10.34 million. The stock has fallen by -37.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LITE stock heading into the next quarter.
