Lumentum Holdings Inc (NASDAQ: LITE) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Lumentum Holdings Inc is listed on the NASDAQ in the Technology sector while operating in the Communication Equipment industry. The current market capitalization of Lumentum Holdings Inc is $4.38B. A total of 1.26 million shares were traded on the day, compared to an average of 1.69M shares.

In the most recent transaction, Sepe Matthew Joseph sold 9,903 shares of LITE for 49.23 per share on Feb 15 ’24. After the transaction, the CHIEF ACCOUNTING OFFICER now owns 33,188 company shares. In a previous transaction on Nov 20 ’23, Johnson Julia Suzanne sold 1,163 shares at 44.17 per share. LITE shares that Director owns now total 22,032.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, LITE has a high of $71.07 and a low of $37.99.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. LITE’s latest balance sheet shows that the firm has $2.55B in Cash & Short Term Investments as of fiscal 2022. There were $1.94B in debt and $716.50M in liabilities at the time. Its Book Value Per Share was $14.10, while its Total Shareholder’s Equity was $1.88B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LITE is Buy with a score of 3.86.

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