Lumen Technologies Inc (NYSE: LUMN) has experienced a decline in its stock price by 0.00 compared to its previous closing price of 1.34. However, the company has seen a fall of -14.10% in its stock price over the last five trading days. PRNewsWire reported 2024-04-02 that DENVER, Apr. 2, 2024 /PRNewswire/ — Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider that unleashes the world’s digital potential, will release its first quarter 2024 results on Apr. 30, 2024. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m.
Is It Worth Investing in Lumen Technologies Inc (NYSE: LUMN) Right Now?
Additionally, the 36-month beta value for LUMN is 1.13. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LUMN is 984.81M and currently, short sellers hold a 15.15% ratio of that float. The average trading volume of LUMN on April 08, 2024 was 13.91M shares.
LUMN’s Market Performance
The stock of Lumen Technologies Inc (LUMN) has seen a -14.10% decrease in the past week, with a -21.64% drop in the past month, and a -23.43% fall in the past quarter. The volatility ratio for the week is 7.06%, and the volatility levels for the past 30 days are at 7.37% for LUMN. The simple moving average for the last 20 days is -16.61% for LUMN’s stock, with a simple moving average of -15.01% for the last 200 days.
Analysts’ Opinion of LUMN
Citigroup, on the other hand, stated in their research note that they expect to see LUMN reach a price target of $3.50, previously predicting the price at $6.25. The rating they have provided for LUMN stocks is “Sell” according to the report published on February 08th, 2023.
Goldman gave a rating of “Neutral” to LUMN, setting the target price at $6 in the report published on December 06th of the previous year.
LUMN Trading at -13.07% 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 -50.37% of loss for the given period.
Volatility was left at 7.37%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares sank -22.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.74% lower at present.
During the last 5 trading sessions, LUMN fell by -14.10%, which changed the moving average for the period of 200-days by -36.49% in comparison to the 20-day moving average, which settled at $1.5875. In addition, Lumen Technologies Inc saw -26.78% 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 SIEGEL LAURIE, who purchase 30,000 shares at the price of $1.60 back on Mar 01 ’24. After this action, SIEGEL LAURIE now owns 30,000 shares of Lumen Technologies Inc, valued at $47,997 using the latest closing price.
GLENN T MICHAEL, the Director of Lumen Technologies Inc, purchase 50,000 shares at $1.47 during a trade that took place back on Feb 26 ’24, which means that GLENN T MICHAEL is holding 272,019 shares at $73,300 based on the most recent closing price.
Stock Fundamentals for LUMN
Current profitability levels for the company are sitting at:
- -0.53 for the present operating margin
- 0.46 for the gross margin
The net margin for Lumen Technologies Inc stands at -0.71. The total capital return value is set at -0.25. Equity return is now at value -189.75, with -25.87 for asset returns.
Based on Lumen Technologies Inc (LUMN), the company’s capital structure generated 0.98 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 48.2. The interest coverage ratio of the stock is -13.46.
Currently, EBITDA for the company is 4.21 billion with net debt to EBITDA at -4.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 11.04for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In conclusion, Lumen Technologies Inc (LUMN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
