A Technical View of the Lumen Technologies Inc. (LUMN)

Lumen Technologies Inc. (NYSE:LUMN) saw a downside of -0.52% on Monday to $12.41 after subtracting -$0.07. The 5-day average trading volume is 6,539,525 shares of the company’s common stock. It has gained $13.06 in the past week. An average of 10,245,446 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,748,860.

LUMN’s 1-month performance is 0.97% or $0.47 on its low of $12.14 reached on 09/13/21. The company’s shares have touched a 52-week low of $8.51 and high of $16.60, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, LUMN has achieved 28.00% or $2.69. However, the current price is down -25.21%% from the 52-week high price.

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Insider Transactions

On Mar 09, 216 days have gone by since the last insider trading activity for Lumen Technologies Inc. (LUMN). BOULET VIRGINIA (Director) most recently sold 6,500 shares at $14.22 per share on Mar 09. This transaction cost the insider $92,430. Director, Bejar Martha Helena, sold 10,000 shares at a price of $10.21 on Dec 17.

Valuation Metrics

Lumen Technologies Inc. (LUMN) has a trailing price-to-earnings (P/E) ratio of 17.20 for the broader industry and 30.77 for the sector. The company’s PE ratio for the last five years has touched a high of 35.09 and a low of 7.244. LUMN stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.69 while the price-to-book (PB) in the most recent quarter is 1.16, with the price to cash flow ratio at 5.81.

Lumen Technologies Inc. pays an annual dividend of $1.00 per share. Its dividend yield is 8.06%. LUMN’s most recent quarterly dividend payment was made on Sep. 10, when it paid $0.25 a share compared with prior rate of $0.25, down 0.0% from last year’s. The company latest dividend decrease of $0.29 reported on Friday March 1 2019.

It is projected that Lumen Technologies Inc.’s next ex-dividend date will be on 1-Dec. LUMN is expected to distribute $0.25 as its next dividend.

Lumen Technologies Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that LUMN stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.44, while the total debt to equity was 2.66. In terms of profitability, the gross margin trailing 12 months is 56.90%. The trailing 12-month EBITDA margin is 41.90% while for the period ending June 29; Lumen Technologies Inc.’s operating margin was 5.20%. The firm’s gross profit as reported stood at $962.0 million against revenue of $20.71 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected LUMN to announce $0.41 per share in earnings in its latest quarter, but it posted $0.46, representing a 12.20% surprise. EBITDA for the quarter stood at more than $2.05 billion. LUMN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 47.24 billion, with total debt at $31.56 billion. Shareholders hold equity totaling $1.11 billion

Technical Picture

Let’s look briefly at Lumen Technologies Inc. (LUMN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 42.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.55%.

The stock’s 5-day moving average is $12.66, reflecting a -3.75% or -$0.49 change from its current price. LUMN is currently trading -1.15% above its 20-day SMA, -13.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.20% and +25.71% respectively.

Stochastic %K and %D was 16.82% and 28.34% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 46.37%, while the 14-day stochastic is at 7.87% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.24 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Lumen Technologies Inc. (NYSE: LUMN), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for LUMN stock have a consensus rating for the stock as Underweight. Currently, 5 brokerage advisors rate LUMN as a “sell,”, while 5 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.

What is LUMN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.00 and a high of $15.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for Lumen Technologies Inc. (LUMN) stock is $11.20.


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