and a 36-month beta value of 1.01. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 5 as “sell.”
The average price predicted for Lumen Technologies Inc. (LUMN) by analysts is $2.45, which is $0.93 above the current market price. The public float for LUMN is 993.61M, and at present, short sellers hold a 15.49% of that float. On September 19, 2023, the average trading volume of LUMN was 21.80M shares.
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LUMN) stock’s latest price update
The stock of Lumen Technologies Inc. (NYSE: LUMN) has decreased by -1.30 when compared to last closing price of 1.54. Despite this, the company has experienced a 10.95% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-14 that Lumen Technologies’ stock has fallen by 85% in the past year, reaching a multi-year low of $1.35. The company has $1.3 billion left on its buyback plan, which could repurchase almost every share outstanding currently. Using upcoming asset sale proceeds for a buyback could improve investor sentiment and signal confidence in Lumen’s future.
LUMN’s Market Performance
LUMN’s stock has risen by 10.95% in the past week, with a monthly drop of -11.63% and a quarterly drop of -32.44%. The volatility ratio for the week is 7.46% while the volatility levels for the last 30 days are 6.50% for Lumen Technologies Inc. The simple moving average for the past 20 days is 0.33% for LUMN’s stock, with a -49.55% simple moving average for the past 200 days.
LUMN Trading at -10.89% 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 -82.96% of loss for the given period.
Volatility was left at 6.50%, however, over the last 30 days, the volatility rate increased by 7.46%, as shares sank -10.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.59% lower at present.
During the last 5 trading sessions, LUMN rose by +10.95%, which changed the moving average for the period of 200-days by -72.21% in comparison to the 20-day moving average, which settled at $1.5060. In addition, Lumen Technologies Inc. saw -70.88% 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. The total capital return value is set at 8.80, while invested capital returns managed to touch -4.28. Equity return is now at value -118.10, with -23.50 for asset returns.
Based on Lumen Technologies Inc. (LUMN), the company’s capital structure generated 210.83 points at debt to equity in total, while total debt to capital is 67.83. Total debt to assets is 48.27, with long-term debt to equity ratio resting at 206.06. Finally, the long-term debt to capital ratio is 66.29.
When we switch over and look at the enterprise to sales, we see a ratio of 1.43, with the company’s debt to enterprise value settled at 0.85. The receivables turnover for the company is 10.86 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To sum up, Lumen Technologies Inc. (LUMN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
