Lumentum Holdings Stock Price on February 8, 2024
| LITE Stock | USD 46.01 1.18 2.50% |
Below is the normalized historical share price chart for Lumentum Holdings extending back to July 23, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Lumentum Holdings stands at 46.01, as last reported on the 21st of May, with the highest price reaching 46.76 and the lowest price hitting 45.66 during the day.
If you're considering investing in Lumentum Stock, it is important to understand the factors that can impact its price. We consider Lumentum Holdings very steady. Lumentum Holdings has Sharpe Ratio of 3.0E-4, which conveys that the firm had a 3.0E-4% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Lumentum Holdings, which you can use to evaluate the volatility of the firm. Please verify Lumentum Holdings' Risk Adjusted Performance of (0.01), standard deviation of 2.34, and Mean Deviation of 1.84 to check out if the risk estimate we provide is consistent with the expected return of 7.0E-4%.
At present, Lumentum Holdings' Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation is expected to grow to about 179.2 M, whereas Total Stockholder Equity is forecasted to decline to about 1.2 B. . At present, Lumentum Holdings' Price To Free Cash Flows Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price Cash Flow Ratio is expected to grow to 27.54, whereas Price Earnings Ratio is forecasted to decline to 13.81. Lumentum Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of August 2015 | 200 Day MA 47.1203 | 50 Day MA 45.3356 | Beta 1.088 |
Lumentum |
Sharpe Ratio = 3.0E-4
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| Negative Returns | LITE |
Estimated Market Risk
| 2.37 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Lumentum Holdings is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Lumentum Holdings by adding Lumentum Holdings to a well-diversified portfolio.
Price Book 2.294 | Enterprise Value Ebitda 148.2589 | Price Sales 2.0357 | Shares Float 66.8 M | Wall Street Target Price 54.27 |
Lumentum Holdings Main Headline on 8th of February 2024
The stock isnt offering investors much to like.
Lumentum Holdings Valuation on February 8, 2024
It is possible to determine the worth of Lumentum Holdings on a given historical date. On February 8, 2024 Lumentum was worth 51.26 at the beginning of the trading date compared to the closed value of 45.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Lumentum Holdings stock. Still, in general, we apply an absolute valuation method to find Lumentum Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Lumentum Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Lumentum Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 58.84 | 60.94 | 58.19 | 58.77 | 3,961,319 | |
02/08/2024 | 51.26 | 51.32 | 45.38 | 45.59 | 11,262,470 |
| 45.81 | 50.80 | 45.81 | 50.21 | 4,750,068 |
| Backtest Lumentum Holdings | | | Lumentum Holdings History | | | Lumentum Holdings Valuation | Previous | Next |
Lumentum Holdings Trading Date Momentum on February 8, 2024
| On February 09 2024 Lumentum Holdings was traded for 50.21 at the closing time. The top price for the day was 50.80 and the lowest listed price was 45.81 . The trading volume for the day was 4.8 M. The trading history from February 9, 2024 was a factor to the next trading day price growth. The trading delta at closing time against the next closing price was 10.13% . The trading delta at closing time against the current closing price is 7.72% . |
Lumentum Holdings Fundamentals Correlations and Trends
By evaluating Lumentum Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Lumentum Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Lumentum financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Lumentum Holdings Stock history
Lumentum Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Lumentum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Lumentum Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Lumentum Holdings stock prices may prove useful in developing a viable investing in Lumentum Holdings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 78.5 M | 72.1 M | |
| Net Loss | -151.3 M | -143.8 M |
Lumentum Holdings Quarterly Net Working Capital |
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Lumentum Holdings Stock Technical Analysis
Lumentum Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Lumentum Holdings Period Price Range
Low | February 8, 2024
| High |
51.26 | 45.59 |
Lumentum Holdings May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Lumentum Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lumentum Holdings shares will generate the highest return on investment. By undertsting and applying Lumentum Holdings stock market strength indicators, traders can identify Lumentum Holdings entry and exit signals to maximize returns
| Accumulation Distribution | 1.3 M | |||
| Daily Balance Of Power | (0.95) | |||
| Rate Of Daily Change | 0.89 | |||
| Day Median Price | 48.35 | |||
| Day Typical Price | 47.43 | |||
| Price Action Indicator | (5.59) | |||
| Period Momentum Indicator | 0.42 |
Lumentum Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Lumentum Holdings' price direction in advance. Along with the technical and fundamental analysis of Lumentum Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Lumentum to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.44 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumentum Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Lumentum Stock analysis
When running Lumentum Holdings' price analysis, check to measure Lumentum Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lumentum Holdings is operating at the current time. Most of Lumentum Holdings' value examination focuses on studying past and present price action to predict the probability of Lumentum Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumentum Holdings' price. Additionally, you may evaluate how the addition of Lumentum Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Lumentum Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lumentum Holdings. If investors know Lumentum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lumentum Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.711 | Earnings Share (5.26) | Revenue Per Share 21.093 | Quarterly Revenue Growth (0.04) | Return On Assets (0.03) |
The market value of Lumentum Holdings is measured differently than its book value, which is the value of Lumentum that is recorded on the company's balance sheet. Investors also form their own opinion of Lumentum Holdings' value that differs from its market value or its book value, called intrinsic value, which is Lumentum Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lumentum Holdings' market value can be influenced by many factors that don't directly affect Lumentum Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lumentum Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lumentum Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lumentum Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.