Lumentum Holdings Inc (NASDAQ: LITE) stock closed at $52.26 on 8/15/24 after a major increase of 14.8%. Moreover, trading volume in this advance was exceptionally high at 555% of normal. The stock has performed in line with the market over the last nine months and has risen 29.7% during the last week.
Current PriceTarget Research Rating
LITE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Lumentum Holdings has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Lumentum Holdings has a neutral Appreciation Score of 41 and a slightly negative Power Rating of 33, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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