Lumen Technologies Inc. (NYSE:LUMN) finished Thursday with a subtraction of -$0.14 to close at $8.32, a downside of -1.65 percent. An average of 21,421,480 shares of common stock have been traded in the last five days. There was a fall of -$0.64 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 15,594,365 shares traded, while the 50-day average volume stands at 11,834,918.
LUMN stock has decreased by -23.53% in the last month. The company shares reached their 1-month lowest point of $8.17 on 09/22/22. With the stock rallying to its 52-week high on 01/10/22, shares of the company touched a low of $8.43 and a high of $14.49 in 52 weeks. It has reached a new high 6 times so far this year and lost -33.71% or -$4.23 in price. In spite of this, the price is down -42.60% from the 52-week high.
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322 days have passed since Lumen Technologies Inc. (LUMN) last reported insider trading activity. GOFF STACEY W, who is EVP & GC, most recently acquired $128,616 shares at $14.16 per share on Nov 05.
Lumen Technologies Inc. (LUMN) has a trailing price-to-earnings (P/E) ratio of 4.30. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.46, the price-to-book (PB) ratio at 0.69, and the price-to-cash flow ratio at 4.01.
The company has a payout ratio of 51.30%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest decrease dividend $0.29 reported on Friday March 1 2019.
The quick ratio of Lumen Technologies Inc. for the three months ended June 29 was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.29 and a total debt to equity ratio of 2.30 for the quarter ending June 29. Its gross profit as reported stood at $4.29 billion compared to revenue of $19.69 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lumen Technologies Inc.’s return on assets was 3.40%.
For the three-month period that ended June 29, Lumen Technologies Inc. had $27.96 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $344.0 million in the quarter, while revenues were grew 765.41%. The analyst consensus anticipated Lumen Technologies Inc.’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.35, a -23.90% surprise. For the quarter, EBITDA amounted to $1.74 billion. Shareholders own equity worth $1.04 billion.
From a technical analysis perspective, let’s take a brief look at Lumen Technologies Inc. (LUMN) price momentum. RSI 9-day as of the close on 22 September was 17.55%, suggesting the stock is oversold, with historical volatility in this time frame at 43.66%.
As of today, LUMN’s price is $8.59 -7.14% or -$0.64 from its 5-day moving average. LUMN is currently trading -23.74% lower than its 20-day SMA and -17.30% lower than its 100-day SMA. However, the stock’s current price level is -22.75% below the SMA50 and -31.52% below the SMA200.
The stochastic %K and %D were 5.51% and 5.68%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 7.43% and the average true range at 0.31, the RSI (14) stands at 22.97%. The stock has reached -0.45 on the 9-day MACD Oscillator while the 14-day reading was at -0.77.
The consensus rating for Lumen Technologies Inc. (LUMN) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell LUMN, while 5 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is LUMN’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $12.50, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Lumen Technologies Inc. (LUMN) stock is $10.45.