It’s Not Over Yet For Lumentum Holdings Inc (NASDAQ: LITE)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Lumentum Holdings Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. The current market capitalization of Lumentum Holdings Inc is $3.09B. A total of 1.24 million shares were traded on the day, compared to an average of 1.28M 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.

Among the insiders who sold shares, Ali Wajid disposed of 6,872 shares on Jun 20 ’23 at a per-share price of $60.50. This resulted in the EVP & Chief Financial Officer holding 35,629 shares of LITE after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, LITE has a high of $65.16 and a low of $35.35.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $17.41, while its Total Shareholder’s Equity was $1.88B.

Analysts Opinion

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. 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 3.87.

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