In the past week, LUMN stock has gone down by -12.85%, with a monthly decline of -36.13% and a quarterly plunge of -55.81%. The volatility ratio for the week is 8.35%, and the volatility levels for the last 30 days are 6.12% for Lumen Technologies Inc. The simple moving average for the last 20 days is -23.25% for LUMN stock, with a simple moving average of -66.90% for the last 200 days.
Is It Worth Investing in Lumen Technologies Inc. (NYSE: LUMN) Right Now?
compared to its average ratio and a 36-month beta value of 1.05. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 5 as “sell.”
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The average price point forecasted by analysts for Lumen Technologies Inc. (LUMN) is $4.43, which is $2.38 above the current market price. The public float for LUMN is 991.67M, and currently, short sellers hold a 15.47% ratio of that float. The average trading volume of LUMN on March 16, 2023 was 30.77M shares.
LUMN) stock’s latest price update
Lumen Technologies Inc. (NYSE: LUMN)’s stock price has decreased by -3.09 compared to its previous closing price of 2.59. However, the company has seen a -12.85% decrease in its stock price over the last five trading sessions. Barrons Online reported on 02/28/23 that The S&P 500’s Best 5 and Worst 5 Stocks in February
Analysts’ Opinion of LUMN
In the past week, LUMN stock has gone down by -12.85%, with a monthly decline of -36.13% and a quarterly plunge of -55.81%. The volatility ratio for the week is 8.35%, and the volatility levels for the last 30 days are 6.12% for Lumen Technologies Inc. The simple moving average for the last 20 days is -23.25% for LUMN stock, with a simple moving average of -66.90% for the last 200 days.
Analysts’ Opinion of LUMN
Many brokerage firms have already submitted their reports for LUMN stocks, with Citigroup repeating the rating for LUMN by listing it as a “Sell.” The predicted price for LUMN in the upcoming period, according to Citigroup is $3.50 based on the research report published on February 08th of the current year 2023.
Goldman, on the other hand, stated in their research note that they expect to see LUMN reach a price target of $6. The rating they have provided for LUMN stocks is “Neutral” according to the report published on December 06th, 2022.
Wells Fargo gave a rating of “Equal Weight” to LUMN, setting the target price at $8 in the report published on October 05th of the previous year.
LUMN Trading at -42.89% from the 50-Day Moving Average
After a stumble in the market that brought LUMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.98% of loss for the given period.
Volatility was left at 6.12%, however, over the last 30 days, the volatility rate increased by 8.35%, as shares sank -37.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.47% lower at present.
During the last 5 trading sessions, LUMN fell by -15.10%, which changed the moving average for the period of 200-days by -80.44% in comparison to the 20-day moving average, which settled at $3.20. In addition, Lumen Technologies Inc. saw -51.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LUMN starting from CLONTZ STEVEN T, who purchase 5,000 shares at the price of $5.34 back on Nov 29. After this action, CLONTZ STEVEN T now owns 340,029 shares of Lumen Technologies Inc., valued at $26,700 using the latest closing price.
CLONTZ STEVEN T, the Director of Lumen Technologies Inc., purchase 5,000 shares at $6.31 during a trade that took place back on Nov 11, which means that CLONTZ STEVEN T is holding 335,029 shares at $31,550 based on the most recent closing price.
Stock Fundamentals for LUMN
Current profitability levels for the company are sitting at:
- +18.84 for the present operating margin
- +35.60 for the gross margin
The net margin for Lumen Technologies Inc. stands at -8.86. Equity return is now at value -13.00, with -2.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To put it simply, Lumen Technologies Inc. (LUMN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
