Lumen Technologies Inc (NYSE:LUMN) finished Thursday with an addition of $0.04 to close at $1.43, an upside of 2.88 percent. An average of 15,371,760 shares of common stock have been traded in the last five days. There was a fall of -$0.1100 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 15,481,370 shares traded, while the 50-day average volume stands at 18,683,434.
LUMN stock has decreased by -8.92% in the last month. The company shares reached their 1-month lowest point of $1.3000 on 09/26/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $1.30 and a high of $8.06 in 52 weeks. It has reached a new high 6 times so far this year and lost -72.61% or -$3.7900 in price. In spite of this, the price is down -82.26% from the 52-week high.
Valuation Metrics
Lumen Technologies Inc (LUMN) stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.09, the price-to-book (PB) ratio at 0.63.
Financial Health
The quick ratio of Lumen Technologies Inc for the three months ended June 30 was 1.12, and the current ratio was 1.18, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 8.71 and a total debt to equity ratio of 8.92 for the quarter ending June 30. Lumen Technologies Inc’s EBITDA margin for the year ending June 30 is 39.32%, while its operating margin for the same period stands at 13.79%. Its gross profit as reported stood at $95.0 million compared to revenue of $17.48 billion.
Earnings Surprise
For the three-month period that ended June 30, Lumen Technologies Inc had $19.9 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 -$8.74 billion in the quarter, while revenues were grew 103.94%. The analyst consensus anticipated Lumen Technologies Inc’s latest quarter earnings to come in at -$0.35 per share, but it turned out to be $0.1, a 128.60% surprise. For the quarter, EBITDA amounted to -$7.67 billion. Shareholders own equity worth $1.01 billion.
Technical Picture
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 28 September was 45.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 82.85%.
As of today, LUMN’s price is $1.4040 -7.14% or -$0.1100 from its 5-day moving average. LUMN is currently trading -7.74% lower than its 20-day SMA and -37.28% lower than its 100-day SMA. However, the stock’s current price level is -24.34% below the SMA50 and -73.95% below the SMA200.
The stochastic %K and %D were 23.99% and 31.18%, respectively, and the average true range (ATR) was 0.1007. With the 14-day stochastic at 35.14% and the average true range at 0.1040, the RSI (14) stands at 44.23%. The stock has reached -0.1089 on the 9-day MACD Oscillator while the 14-day reading was at -0.0924.
Analyst Ratings
Raymond James upgraded Lumen Technologies Inc (NYSE: LUMN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Lumen Technologies Inc (LUMN) among analysts is Underweight. According to current brokerage recommendations, 5 brokerage firms advise that investors sell LUMN, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $1.50 and $4.00, with a median target of $2.38. Taking a look at these predictions, the average price target given by analysts for Lumen Technologies Inc (LUMN) stock is $2.48.
