Lumen Technologies Inc. (LUMN): Keep paying attention to its insider activity

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Lumen Technologies Inc. (NYSE:LUMN) saw a downside of -1.34% to close Monday at $5.15 after subtracting -$0.07 on the day. The 5-day average trading volume is 22,847,221 shares of the company’s common stock. It has gained $5.90 in the past week and touched a new high 1 time within the past 5 days. An average of 19,557,160 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 23,165,607.

LUMN’s 1-month performance is -2.46% or -$0.09 on its low of $4.96 reached on 01/20/23. The company’s shares have touched a 52-week low of $4.96 and high of $12.93, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, LUMN has lost -1.34% or -$0.07 and has reached a new high 5 times. However, the current price is down -60.17% from the 52-week high price.

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Valuation Metrics

LUMN stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 0.41, with the price to cash flow ratio at 3.57.

Lumen Technologies Inc.’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.73, while the total debt to equity was 2.01. In terms of profitability, the gross margin trailing 12 months is 56.10%. The firm’s gross profit as reported stood at $4.29 billion against revenue of $19.69 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 765.41% to $344.0 million, while revenue of $544.0 million was -58.14% off the previous quarter. Analysts expected LUMN to announce $0.37 per share in earnings in its latest quarter, but it posted $0.14, representing a -62.20% surprise. EBITDA for the quarter stood at more than $2.19 billion. LUMN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 42.24 billion, with total debt at $25.63 billion. Shareholders hold equity totaling $1.03 billion.

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 23 January was 39.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 64.33%.

The stock’s 5-day moving average is $5.27, reflecting a -12.71% or -$0.75 change from its current price. LUMN is currently trading -2.83% above its 20-day SMA, -49.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.77% and SMA200 by-54.34%.

Stochastic %K and %D was 13.89% and 19.76% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 41.64%, while the 14-day stochastic is at 16.81% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.39 and -0.35 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for LUMN stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate LUMN as a “sell,”, while 7 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $5.00 and a high of $8.80, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Lumen Technologies Inc. (LUMN) stock is $6.65.

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