Lumentum Holdings Inc. (NASDAQ:LITE) Plunged -0.96 or -0.31 points in order to reach at the price of $31.82. The total of 2.38 million shares exchanged hands, whereas the company’s average trading volume stands at 844.81 million shares. Lumentum Holdings Inc. (NASDAQ:LITE) has a market capitalization of $1.8 billion and most recently 56.65 million outstanding shares have been calculated.
According to sentiments of 12 analysts the mean estimates of short term price target for the company’s stock is marked at $34.69. The most optimistic analyst sees the stock reaching $42 while the most conventional predicts the target price at $20.
The consensus mean EPS for the current quarter is at 0.43 derived from a total of 14 estimates. According to analysts minimum EPS for the current quarter is expected at $0.37 and can go high up to $0.47. However a year ago during same quarter Lumentum Holdings Inc. (NASDAQ:LITE) reported $0.26 EPS. For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.48 per share according to consensus of 14 analysts.
According to sentiments of 13 analysts the company is expected to report revenues of 251.63 Million for the current quarter. Bearish revenue estimates established at 245.6 Million while the bullish revenue forecast has been figured out at 272.2 Million. In terms of Buy/Sell recommendations for the current Month, 2 analyst have given the stock a Strong Buy while 8 recommend the stock a Buy. 3 have given the stock a Hold rating, 1 as Under-perform and 0 a Sell.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Lumentum Holdings Inc. (NASDAQ:LITE)’s distance from 20 day simple moving average is 9.65% whereas its distance from 50 day simple moving average is 20.96% along with 37.04% distance from 200 day simple moving average. An important factor to consider when evaluating a stock’s current and future value are the 52 week high and low levels. Lumentum Holdings Inc. (NASDAQ:LITE) shares were trading -2.03% below from the 52-week high mark of $33.5 and 127.77% above from the 52-week bottom of $13.97.
When we have a peek on stock’s historical trends we come to know that, the stock has climbed 3.41% in the past one week and soared 27.54% during previous one month drive, the stock went up 34.15% during past quarter. In the last six months the stock’s performance soared 32.75% while yearly performance of the company advanced 62.68%.The company’s year to date (YTD) performance is at 44.5%.
While taking a glance at financials, we can look at a number of key indicators. Lumentum Holdings Inc. (NASDAQ:LITE) has a Return on Assets (ROA) of -5.2%. The company currently has a Return on Equity (ROE) of -7.4% and a Return on Investment (ROI) of -0.6%.Average true range (ATR-14) of the company sets at 1.24, along with its weekly and monthly volatility of 4.79%, 4.13%% respectively. The company’s price to free cash flow for trailing twelve months is 41.25. Its quick ratio for most recent quarter is 2.2 along with current ratio for most recent quarter of 2.9. Total debt to equity ratio of the company for most recent quarter is 0 whereas long term debt to equity ratio for most recent quarter is 0.