The stock market performance of Lumentum Holdings Inc has been very steady. Over the last year, the company’s stock hit its highest at $73.90 on 11/08/24, while the lowest price during the same time frame was $38.28, recorded on 08/05/24.
52-week price history of LITE Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Lumentum Holdings Inc’s current trading price is 13.46% away from its 52-week high, while its distance from the 52-week low is 119.02%. The stock’s price range for this period has remained between $38.28 and $73.90. The Technology sector company’s shares managed to surpass a trading volume of around 7.37 million for the day, which was noticeably higher compared to the shares’ average daily volume of 1.69 million over the last three months.
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Financial Performance and Market Capitalization
Lumentum Holdings Inc (LITE) has experienced a quarterly rise of 86.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.55B and boasts a workforce of 7257 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 57.58, with a change in price of +34.27. Similarly, Lumentum Holdings Inc recorded 1,620,108 in trading volume during the last 100 days, posting a change of +69.12%.
LITE Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for LITE stands at 2.93. Similarly, the long-term debt-to-equity ratio is also 2.90.
LITE Stock Stochastic Average
As of today, the raw stochastic average of Lumentum Holdings Inc over the last 50 days is at 88.99%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 83.80%. Further, the company’s Stochastic %K and %D values for the last 20 days were 91.28% and 73.81%, respectively.
LITE Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 59.96%.However, over the last six months, we can see a weaker performance of 91.48%. Over the last 30 days, the price of LITE has fallen by 24.96%. And in the last five days, it has surged by 28.31%.
