The stock of Lumen Technologies Inc. (NYSE:LUMN) decreased by -$0.03 on Friday to finish at $1.83, down -1.88 percent. The last five days have seen an average of 21,319,566 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$3.3899. The average number of shares traded over the last 20 days was 24,098,162, while the average volume over the last 50 days totaled 25,439,666.
LUMN stock dropped -1.35% since last month. On 07/18/23, the company’s shares reached a one-month low of $1.6100. The stock touched a high of $11.38 on 01/24/23, after rallying from a low of $1.61 in 52 weeks. The price of LUMN stock has declined by -65.04% or -$3.3899 this year, reaching a new high 6 times. Still, the stock price is down -83.96% from the 52-week high.
Insider Transactions
LUMN stock investors should be aware that Lumen Technologies Inc. (LUMN) stock had its last reported insider trading activity 258 days ago on Nov 29. On Nov 29, Director CLONTZ STEVEN T acquired 5,000 shares at $5.34 each. This transaction resulted in the insider spending $26,700. On Nov 11, CLONTZ STEVEN T added 5,000 shares at a price of US$6.31. After the transaction, the insider now owns 335,029 shares. Director Bejar Martha Helena had earlier bought 12,500 shares on Nov 08 for $6.36 a share. The transaction was completed for $79,500.
Valuation Metrics
Beta for the stock is 0.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.12, the price-to-book (PB) ratio of 0.79.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the three months ended June 29, Lumen Technologies Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 8.71, and the total debt to equity ratio is 8.78. As far as profitability goes, gross margin for the trailing twelve months is 52.60% percent. Lumen Technologies Inc.’s EBITDA margin for the year ended June 29 was 39.32%, whereas its operating margin stood at -57.10% for the same period. Based on annual data, it had gross profit of $95.0 million and revenue of $17.48 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LUMN’s return on assets (ROA) during the last 12 months has been -23.50%. There was a -0.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -118.10%.
Earnings Surprise
According to Lumen Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.74 billion, while revenues fell by -34.54% to $4.61 billion. It was predicted that Lumen Technologies Inc.’s quarterly earnings would be $0.1, but it ended up being -$0.35, beating the consensus by 128.60%. EBITDA was -$7.67 billion for the quarter. At the end of Lumen Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 33.88 billion, while its total debt was $20.38 billion. Equity owned by shareholders amounts to $1.01 billion.
Technical Picture
Here’s a quick look at Lumen Technologies Inc.’s (LUMN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 51.02%, suggesting the stock is Neutral, with a 89.58% historical volatility rate.
The stochastic %K and %D were 50.01% and 41.67% respectively, while the average true range (ATR) was 0.1508. Based on the 14-day stochastic reading of 43.20%, the RSI (14) reading is 48.85%. On the 9-day MACD Oscillator, the stock is at 0.0934, and the 14-day reading is at 0.0743.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on Lumen Technologies Inc. (NYSE: LUMN) to a Mkt perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Lumen Technologies Inc. (LUMN) an Underweight rating. LUMN is a stock that is recommended for selling by 5 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is LUMN’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $4.00, with a median target price of $2.50. In analyzing these forecasts, the average price target given by analysts for Lumen Technologies Inc. (LUMN) is $2.58.
