As of Thursday close, Lumen Technologies Inc.’s (NYSE:LUMN) stock was up $0.04, moving up 2.58 percent to $1.59. The average number of shares traded per day over the past five days has been 11,521,740 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0900 gain in that time frame. In the last twenty days, the average volume was 19,779,641, while in the previous 50 days, it was 22,569,834.
Since last month, LUMN stock retreated -11.17%. Shares of the company fell to $1.4000 on 08/23/23, the lowest level in the past month. A 52-week high of $10.19 was reached on 01/24/23 after having rallying from a 52-week low of $1.40. Since the beginning of this year, LUMN’s stock price has dropped by -69.54% or -$3.6300, and marked a new high 6 times. However, the stock has declined by -84.40% since its 52-week high.
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LUMN stock investors should be aware that Lumen Technologies Inc. (LUMN) stock had its last reported insider trading activity 276 days ago on Nov 29. CLONTZ STEVEN T, the Director of the company, purchased of 5,000 shares for $5.34 on Nov 29. It resulted in a $26,700 investment by the insider. CLONTZ STEVEN T added 5,000 shares at an average price of $6.31 on Nov 11. The insider now owns 335,029 shares following the transaction. On Nov 08, Director Bejar Martha Helena bought 12,500 shares at $6.36 apiece. The transaction was valued at $79,500.
Valuation Metrics
The stock’s beta is 1.01. Besides these, the trailing price-to-sales (P/S) ratio of 0.10, the price-to-book (PB) ratio of 0.69.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.
Financial Health
In the three months ended June 29, Lumen Technologies Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 8.71, and the total debt-to-equity ratio was 8.78. On the profitability front, the trailing twelve-month gross margin is 52.60% percent. In the year ended June 29, EBITDA margin amounted to 39.32%, whereas operating margins totaled -57.10%. Based on annual data, LUMN earned $95.0 million in gross profit and brought in $17.48 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.30%. Return on equity (ROE) for the past 12 months was -118.10%.
In Lumen Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $19.9 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LUMN’s revenue fell -25.98% to $3.74 billion during the quarter, while net income inched up to $3.66 billion. While analysts expected Lumen Technologies Inc. to report -$0.35 quarterly earnings, the actual figure was $0.1 per share, beating the consensus estimate by 128.60%. During the quarter, the company generated -$7.67 billion in EBITDA. The liabilities of Lumen Technologies Inc. were 33.88 billion at the end of its most recent quarter ended June 29, and its total debt was $20.38 billion. The value of shareholders’ equity is $1.01 billion.
Technical Picture
This quick technical analysis looks at Lumen Technologies Inc.’s (LUMN) price momentum. With a historical volatility rate of 54.12%, the RSI 9-day stood at 44.30% on 31 August.
With respect to its five-day moving average, the current Lumen Technologies Inc. price is up by +6.00% percent or $0.0900. At present, LUMN shares trade -5.36% below its 20-day simple moving average and -35.10% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.04% below its SMA50 and -74.92% below its SMA200.
Stochastic coefficient K was 32.71% and Stochastic coefficient D was 30.12%, while ATR was 0.1063. Given the Stochastic reading of 41.30% for the 14-day period, the RSI (14) reading has been calculated as 43.24%. As of today, the MACD Oscillator reading stands at 0.0122, while the 14-day reading stands at -0.0486.
Analyst Ratings
Raymond James upgraded its rating on Lumen Technologies Inc. (NYSE: LUMN) to a Mkt perform in a note to investors on June 06, 2023. The analysts firm previously had an Underperform rating on the stock.Lumen Technologies Inc. (LUMN) has been rated Underweight by analysts. According to 5 brokerage firms, LUMN is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Lumen Technologies Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $2.50, the current consensus forecast for the stock is $1.50 – $4.00. Based on these forecasts, analysts predict Lumen Technologies Inc. (LUMN) will achieve an average price target of $2.53.
