Lumen Technologies Inc (NYSE:LUMN) saw a downside of -7.95% to close Monday at $1.39 after subtracting -$0.12 on the day. The 5-day average trading volume is 14,238,540 shares of the company’s common stock. It has gained $1.6700 in the past week and touched a new high 2 times within the past 5 days. An average of 14,506,530 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 19,681,842.
LUMN’s 1-month performance is -7.33% or -$0.1600 on its low of $1.3500 reached on 09/12/23. The company’s shares have touched a 52-week low of $1.35 and high of $8.25, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, LUMN has lost -73.37% or -$3.8300 and has reached a new high 6 times. However, the current price is down -83.15% from the 52-week high price.
Valuation Metrics
LUMN stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.09 while the price-to-book (PB) in the most recent quarter is 0.61.
Lumen Technologies Inc’s quick ratio for the period ended June 29 was 1.12, with the current ratio over the same period at 1.18. As well, the company’s long term debt to equity for the quarter ending June 29 was 8.71, while the total debt to equity was 8.92. In terms of profitability, the gross margin trailing 12 months is 31.96%. The trailing 12-month EBITDA margin is 39.32% while for the period ending June 29, Lumen Technologies Inc’s operating margin was 13.79%. The firm’s gross profit as reported stood at $95.0 million against revenue of $17.48 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. Net income grew 103.94% to -$8.74 billion, while revenue of $511.0 million was 105.85% off the previous quarter. Analysts expected LUMN to announce -$0.35 per share in earnings in its latest quarter, but it posted $0.1, representing a 128.60% surprise. EBITDA for the quarter stood at more than -$7.67 billion. LUMN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.88 billion, with total debt at $20.38 billion. Shareholders hold equity totaling $1.01 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 25 September was 35.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 75.79%.
The stock’s 5-day moving average is $1.5400, reflecting a -8.55% or -$0.1300 change from its current price. LUMN is currently trading -10.32% above its 20-day SMA, -40.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.86% and SMA200 by-74.26%.
Stochastic %K and %D was 40.62% and 62.11% and the average true range (ATR) pointed at 0.0999. The RSI (14) points at 38.67%, while the 14-day stochastic is at 12.50% with the period’s ATR at 0.1043. The stock’s 9-day MACD Oscillator is pointing at -0.0322 and 0.0000 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lumen Technologies Inc (NYSE: LUMN), Raymond James upgraded it to a Mkt perform rating. They previously had an Underperform 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 6 advise that investors “Hold.” 1 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 $1.50 and a high of $4.00, with their median price target at $2.38. Looking at these predictions, the average price target given by analysts is for Lumen Technologies Inc (LUMN) stock is $2.48.
