The stock price of Lumen Technologies Inc (NYSE: LUMN) has plunged by -4.17 when compared to previous closing price of 1.44, but the company has seen a 2.99% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Lumen (LUMN) highlights that the contract has a base performance period of one year, with eight one-year additional options.
Is It Worth Investing in Lumen Technologies Inc (NYSE: LUMN) Right Now?
The 36-month beta value for LUMN is also noteworthy at 1.12. 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 984.85M, and at present, short sellers hold a 14.62% of that float. The average trading volume of LUMN on April 15, 2024 was 13.51M shares.
LUMN’s Market Performance
The stock of Lumen Technologies Inc (LUMN) has seen a 2.99% increase in the past week, with a -15.85% drop in the past month, and a -12.66% fall in the past quarter. The volatility ratio for the week is 5.28%, and the volatility levels for the past 30 days are at 7.07% for LUMN. The simple moving average for the past 20 days is -9.39% for LUMN’s stock, with a -11.71% simple moving average for the past 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 -10.70% 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 -48.89% of loss for the given period.
Volatility was left at 7.07%, however, over the last 30 days, the volatility rate increased by 5.28%, as shares sank -12.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.11% upper at present.
During the last 5 trading sessions, LUMN rose by +2.99%, which changed the moving average for the period of 200-days by -33.97% in comparison to the 20-day moving average, which settled at $1.5130. In addition, Lumen Technologies Inc saw -24.59% 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 summary, Lumen Technologies Inc (LUMN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
