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 $88.20, up 1.41% from the previous day, and has increased 95.74% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.39 percentage points. Lumentum Holdings stock is currently +130.38% from its 52-week low of $38.29, and -8.05% from its 52-week high of $95.92.
As of Dec 11, 2024, there are 68.7M shares of LITE outstanding. The market value of LITE is $6.06B. In the last 24 hours, 1.48M LITE shares were traded.
How to Buy Lumentum Holdings Stock
Not sure how to invest in Lumentum Holdings stock? Here's how.
- 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.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your info.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
We believe that eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 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.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
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.
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 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 overvalued based on its P/B ratio of 6.76x, relative to Communication Equipment industry P/B ratio of 3.64x
You can do additional valuation analysis on LITE's stock here.
LITE Financial Overview
Passed Financial Due Diligence Checks:
- LITE has $916.10M in cash and short term investments. This is enough to cover its annual cash burn of $78.70M.
- LITE has cash burn of 78700000. 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 -12.6% to -40.7% in the past year.
- LITE has a relatively high debt to equity ratio of 3.43.
Is Lumentum Holdings stock a Buy, Hold, or Sell, according to analysts?
Out of 12 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
Christopher Rolland, a top 1% analyst from Susquehanna maintains LITE with a strong buy rating and raises their LITE price target from $80.00 to $115.00, on Nov 8, 2024.
Vivek Arya, a top 2% analyst from Bank of America maintains LITE with a sell rating and raises their LITE price target from $45.00 to $50.00, on Aug 15, 2024.
George Notter, a top 12% analyst from Jefferies maintains LITE with a strong buy rating and raises their LITE price target from $53.00 to $65.00, on Aug 15, 2024.
Richard Shannon, a top 4% analyst from Craig-Hallum maintains LITE with a buy rating and raises their LITE price target from $65.00 to $70.00, on Aug 15, 2024.
Dave Kang, a top 12% analyst from B. Riley Securities maintains LITE with a hold rating and raises their LITE price target from $40.00 to $50.00, on Aug 15, 2024.
You can dig deeper into what analysts are projecting on the Lumentum Holdings stock forecast page.
LITE Technicals
How are LITE Revenues/Earnings doing?
Last year, LITE revenue was $1.38B. Over the last five year, LITE's revenue has increased by -3.66% per year. This was slower than the Communication Equipment industry average of 5.93%.
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 $487,377.61 worth of LITE stock on Nov 29, 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
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
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.
If you need additional help investing in stocks on eToro, click the how to video below:
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:
- Choose where to buy Lumentum Holdings stock
- Open a brokerage account
- Fund your brokerage account
- Research Lumentum Holdings stock
- Place your LITE trade
- Keep tabs on your LITE investment
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your investment in Lumentum Holdings, create your watchlist below.
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