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How to Buy Lumentum Holdings Stock

Lumentum Holdings Inc

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Lumentum Holdings stock last closed at $48.45, up 0.08% from the previous day, and has decreased 5.17% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.12 percentage points. Lumentum Holdings stock is currently +37.06% from its 52-week low of $35.35, and -25.64% from its 52-week high of $65.16.

As of Mar 27, 2024, there are 67.4M shares of LITE outstanding. The market value of LITE is $3.27B. In the last 24 hours, 1.64M LITE shares were traded.

How to Buy Lumentum Holdings Stock

Not sure how to invest in Lumentum Holdings stock? Here's how.
  1. Choose where to buy Lumentum Holdings stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Lumentum Holdings stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Choose your method of payment and add your info.
  4. Research Lumentum Holdings stock: The Lumentum Holdings ticker symbol is LITE. Is Lumentum Holdings stock a good investment? Should you buy shares of LITE? How do LITE's underlying business fundamentals look? Do top analysts think Lumentum Holdings is a good buy? Why has LITE's stock price moved recently? (Hint: Our stock market research tools can help you decide if LITE is a good stock to buy).
  5. Place your LITE trade: Decide if you will purchase LITE shares at the current market price or use a limit order to purchase LITE stock at a particular price.
  6. Keep tabs on your LITE investment: Create a watchlist to important notifications about your investment in Lumentum Holdings shares.

Step 1: Choose where to buy Lumentum Holdings stock

You will need a brokerage account to access the NASDAQ market and buy LITE shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked the right brokerage, you need to fill out some personal details so you can buy LITE stock today.

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Step 3: Fund your brokerage account

Now that you've created your account on stock market app, you need to deposit funds:

Check out the video below to see the process of transferring money into your new brokerage account.

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Step 4: Research Lumentum Holdings stock

After you have selected the best place to buy Lumentum Holdings stock, it's critical to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.

Lumentum Holdings stock data

LITE Price
$48.45
1w %
-0.74%
1y %
-5.17%
5y %
-11.72%
P/E
-12.3x
P/B
2.56x
P/S
2.26x
PEG
N/A
Revenue
$1.44B
Earnings
-$266.50M
Fore. Rev. Growth
8.17%
Fore. Earn. Growth
N/A
Market Cap
$3.27B
Next Earnings
May 7, 2024
Next Dividend
N/A

LITE Fundamentals

WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on LITE's stock page.

Is LITE stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge LITE's true value.

Using relative valuations methods:

  • LITE could be undervalued based on its P/B ratio of 2.56x, relative to Communication Equipment industry P/B ratio of 2.78x

You can do additional valuation analysis on LITE's stock here.

LITE Financial Overview

Passed Financial Due Diligence Checks:

  • LITE has $1.22B in cash and short term investments. This is enough to cover its annual cash burn of $96.80M.
  • LITE has cash burn of 96800000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the LITE balance sheet.

Failed Financial Due Diligence Checks:

  • Total LITE debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the LITE balance sheet.
  • LITE profit margin has gone down from 1.6% to -18.5% in the past year.
  • LITE has a relatively high debt to equity ratio of 2.64.

Is Lumentum Holdings stock a Buy, Hold, or Sell, according to analysts?

Out of 10 sell side analysts who give recommendations on LITE, the consensus analyst rating on LITE is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

Latest LITE Analyst Upgrades/Downgrades

Tom O'Malley, a top 20% analyst from Barclays maintains LITE with a strong sell rating and raises their LITE price target from $40.00 to $45.00, on Jan 16, 2024.

Ruben Roy, a top 5% analyst from Stifel Nicolaus maintains LITE with a strong buy rating and raises their LITE price target from $55.00 to $62.00, on Jan 2, 2024.

Simon Leopold, a top 9% analyst from Raymond James maintains LITE with a buy rating and raises their LITE price target from $49.50 to $54.00, on Nov 9, 2023.

Meta Marshall, a top 7% analyst from Morgan Stanley maintains LITE with a hold rating and lowers their LITE price target from $55.00 to $45.00, on Oct 27, 2023.

Vivek Arya, a top 2% analyst from Bank of America maintains LITE with a sell rating and lowers their LITE price target from $50.00 to $45.00, on Oct 10, 2023.

You can dig deeper into what analysts are projecting on the Lumentum Holdings stock forecast page.

LITE Technicals

SMA10
48.33
SMA20
48.57
SMA50
50.82
SMA100
48.7
SMA200
48.91
MACD
-0.25
MACD Signal
-0.58
MACD Histogram
0.32
RSI
47.79
Stochastic %K
61.65
Stochastic %D
72.12
StochRSI %K
68.59
StochRSI %D
84.26

How are LITE Revenues/Earnings doing?

Last year, LITE revenue was $1.44B. Over the last five year, LITE's revenue has increased by 1.62% per year. This was slower than the Communication Equipment industry average of 3.89%.

You can research LITE's earnings and revenue performance here.

Are LITE insiders buying or selling the stock?

Over the past year, insiders at LITE have sold more shares than they have bought.

Wajid Ali, EVP CHIEF FINANCIAL OFFICER of LITE, was the latest LITE insider to sell. They sold $88,935.52 worth of LITE stock on Feb 15, 2024.

Research more about who owns LITE stock here.

Can I rely on LITE as an income stream?

No, Lumentum Holdings doesn't provide an income stream by paying out dividends.

Get analysis from other traders

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Step 5: Place your LITE trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, place a limit order.

Hit the Open button and eToro will execute your order.

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Step 6: Keep tabs on your LITE investment

Now that you own some shares in LITE, you'll want to stay up-to-date on your new stock purchase.

Make a watchlist to get notified of important updates regarding your LITE stock.

LITE Feed

How to Buy Stock in Lumentum Holdings

To summarize, here are the 6 steps to buy Lumentum Holdings stock:

  1. Choose where to buy Lumentum Holdings stock
  2. Open a brokerage account
  3. Fund your brokerage account
  4. Research Lumentum Holdings stock
  5. Place your LITE trade
  6. Keep tabs on your LITE investment

If you require a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your investment in Lumentum Holdings, create your watchlist below.

NASDAQ: LITE
$48.45+0.04 (+0.08%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: LITE
$48.45+0.04 (+0.08%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Lumentum Holdings share?

As of Mar 27, 2024, it costs $48.45 to buy one share of Lumentum Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.206 shares of LITE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Lumentum Holdings stock?

According to 10 Wall Street analysts who monitor Lumentum Holdings, their consensus recommendation is to buy Lumentum Holdings stock.

What is the best way to buy Lumentum Holdings stock?

One way to place an order for Lumentum Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.