Lite stock price with lite stock price trending upward

With lite stock price trending upward in pre-market trading, institutional investors are eyeing potential resistance around the $60 mark. Technical indicators, including RSI nearing 68, suggest the stock may enter an overbought zone if buying pressure continues. Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. Wall Street analysts have issued reports on $LITE in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings. Lite stock price appears undervalued relative to future cash flows, with a PEG ratio of 1.1 compared to industry’s median of 1.5, raising interest among value-oriented investors.