Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LUMN is 991.03M, and currently, short sellers hold a 14.16% ratio of that floaft. The average trading volume of LUMN on July 23, 2024 was 9.90M shares.
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LUMN) stock’s latest price update
Lumen Technologies Inc (NYSE: LUMN)’s stock price has plunge by 3.62relation to previous closing price of 1.38. Nevertheless, the company has seen a 18.18% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-07-17 that FRANKLIN, La.–(BUSINESS WIRE)–Two cities and a southern Louisiana parish have filed a proposed class action lawsuit against AT&T (NYSE:T) and Lumen Technologies (NYSE: LUMN), alleging that the companies failed to remove lead-wrapped telecommunications cables that have contaminated soil and groundwater in the region. The litigation filed in state district court on behalf of St. Mary Parish, the cities of New Iberia and Franklin, and affected individuals claims that the companies have known.
LUMN’s Market Performance
Lumen Technologies Inc (LUMN) has experienced a 18.18% rise in stock performance for the past week, with a 28.83% rise in the past month, and a 9.16% rise in the past quarter. The volatility ratio for the week is 6.25%, and the volatility levels for the past 30 days are at 7.01% for LUMN. The simple moving average for the past 20 days is 26.48% for LUMN’s stock, with a 2.34% simple moving average for the past 200 days.
Analysts’ Opinion of LUMN
Many brokerage firms have already submitted their reports for LUMN stocks, with Goldman repeating the rating for LUMN by listing it as a “Sell.” The predicted price for LUMN in the upcoming period, according to Goldman is $1 based on the research report published on July 01, 2024 of the current year 2024.
Citigroup gave a rating of “Sell” to LUMN, setting the target price at $3.50 in the report published on February 08th of the previous year.
LUMN Trading at 18.53% 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 -31.25% of loss for the given period.
Volatility was left at 7.01%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares surge +33.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.72% upper at present.
During the last 5 trading sessions, LUMN rose by +18.18%, which changed the moving average for the period of 200-days by +9.16% in comparison to the 20-day moving average, which settled at $1.1486. In addition, Lumen Technologies Inc saw -21.86% 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 Johnson Kathleen E, who purchase 750,000 shares at the price of $1.28 back on May 02 ’24. After this action, Johnson Kathleen E now owns 7,756,290 shares of Lumen Technologies Inc, valued at $959,850 using the latest closing price.
SIEGEL LAURIE, the Director of Lumen Technologies Inc, purchase 30,000 shares at $1.60 during a trade that took place back on Mar 01 ’24, which means that SIEGEL LAURIE is holding 30,000 shares at $47,997 based on the most recent closing price.
Stock Fundamentals for LUMN
Current profitability levels for the company are sitting at:
- -0.57 for the present operating margin
- 0.4 for the gross margin
The net margin for Lumen Technologies Inc stands at -0.76. The total capital return value is set at -0.27. Equity return is now at value -187.01, with -27.32 for asset returns.
Based on Lumen Technologies Inc (LUMN), the company’s capital structure generated 0.97 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 37.62. The interest coverage ratio of the stock is -13.74.
Currently, EBITDA for the company is 4.21 billion with net debt to EBITDA at -3.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 10.44for 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 0.98.
Conclusion
In a nutshell, Lumen Technologies Inc (LUMN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.