A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Lumentum Holdings Inc’s current trading price is -0.67% away from its 52-week high, while its distance from the 52-week low is 96.94%. The stock’s price range for this time frame has been between $35.35 and $70.09. The trading volume of the company’s shares in the Technology reached around 2.15 million for the day, which was evidently higher than the average daily volume of 1.71 million over the last three months.
In terms of market performance, Lumentum Holdings Inc had a somewhat regular. The highest value for the stock in the past year was $70.09 on 10/17/24, while the lowest value was $35.35 on 10/27/23.
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How Financial Performance Impacts Market Capitalization
Lumentum Holdings Inc (LITE) has experienced a quarterly rise of 27.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.78B and boasts a workforce of 7257 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 54.13, with a change in price of +23.34. Similarly, Lumentum Holdings Inc recorded 1,438,966 in trading volume during the last 100 days, posting a change of +50.43%.
How LITE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for LITE stands at 2.67. Similarly, the long-term debt-to-equity ratio is also 2.66.
LITE Stock Stochastic Average
The raw stochastic average for Lumentum Holdings Inc over the last 50 days is presently at 95.19%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 87.19%. Further, the company’s Stochastic %K and %D values for the last 20 days were 82.26% and 85.68%, respectively.
LITE Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price increase of 32.81%. However, over the past six months, we’ve seen a weaker performance of 64.04%. The price of LITE fallen by 19.46% over the last 30 days. And in the last five days, it has surged by 3.76%.
