Lumentum Holdings Inc. (NASDAQ:LITE): Stochastic Analysis


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Lumentum Holdings Inc. (NASDAQ:LITE) for the period of 9-Day stands at 13.29% while the stochastic %D for the same period stands at 9.7%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Lumentum Holdings Inc. (NASDAQ:LITE) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Lumentum Holdings Inc. (NASDAQ:LITE) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Lumentum Holdings Inc. (NASDAQ:LITE)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company’s operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacomnanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California.

Previous Day Activity Analysis

On the last trading day, Lumentum Holdings Inc. (NASDAQ:LITE) opened the session at $55.45 and after going up 3.07% closed at $57.15. The stock gained 1.7 points in the last trade.

Lumentum Holdings Inc. (NASDAQ:LITE)’s stock fluctuated in the range of $55.45 and $57.95 during the previous active session. Lumentum Holdings Inc. (NASDAQ:LITE) traded with the volume of 1.36 Million with average volume of 1.93 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0 while ATR (Average True Range) and RSI (Relative Strength Index) are at 2.85 and 46.4 respectively.

Currently the Insider Ownership of the shares of Lumentum Holdings Inc. (NASDAQ:LITE) is at 1.1% and the shares outstanding are 60.11 Million.

Important Ratio Analysis

Some important ratios to consider here for Lumentum Holdings Inc. (NASDAQ:LITE) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 14.3.

The Price to Sale P/S and Price to Book P/B shows the value of 3.48 and 5.5 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 6.45 and 0 correspondingly.

The Quick Ratio of Lumentum Holdings Inc. (NASDAQ:LITE) stands at 4.4 while the Current Ratio depicts the value of 5.2.

Return on Assets ROA of Lumentum Holdings Inc. (NASDAQ:LITE) is at -8.2% whereas, Return on Equity ROE and Return of Investment ROI of Lumentum Holdings Inc. (NASDAQ:LITE) stand at -16.6% and 0.5% respectively.

Stock Performance Analysis

The stock performance of Lumentum Holdings Inc. (NASDAQ:LITE) on the basis of 5 day trade show the dip of -3.63% whereas, the monthly performance of the stock shows decrease of -3.05%.

The quarterly performance of the stock remained in green zone with the value of 5.64% while six month performance of the shares of Lumentum Holdings Inc. (NASDAQ:LITE) remained bullish with the count of 4.77%.

The yearly and YTD performance of Lumentum Holdings Inc. (NASDAQ:LITE) remained up at 64.7% and 47.87% respectively.