The stock of Lumen Technologies Inc (LUMN) has seen a 33.51% increase in the past week, with a 151.46% gain in the past month, and a 96.21% flourish in the past quarter. The volatility ratio for the week is 34.44%, and the volatility levels for the past 30 days are at 14.06% for LUMN. The simple moving average for the last 20 days is 51.82% for LUMN stock, with a simple moving average of 79.77% for the last 200 days.
Is It Worth Investing in Lumen Technologies Inc (NYSE: LUMN) Right Now?
The 36-month beta value for LUMN is also noteworthy at 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for LUMN is 991.04M, and at present, short sellers hold a 13.88% of that float. The average trading volume of LUMN on August 06, 2024 was 16.92M shares.
LUMN) stock’s latest price update
The stock price of Lumen Technologies Inc (NYSE: LUMN) has plunged by -15.64 when compared to previous closing price of 3.07, but the company has seen a 33.51% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-05 that Lumen Creates Custom Networks Division to Meet New Demand DENVER, Aug. 5, 2024 /PRNewswire/ — Lumen Technologies (NYSE: LUMN) today announced it has secured $5 billion in new business driven by major demand for connectivity fueled by AI. Large companies across industry sectors are seeking to secure fiber capacity quickly, as this resource becomes increasingly valuable and potentially limited, due to booming AI needs.
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 86.81% 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 -38.33% of loss for the given period.
Volatility was left at 14.06%, however, over the last 30 days, the volatility rate increased by 34.44%, as shares surge +144.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +100.78% upper at present.
During the last 5 trading sessions, LUMN rose by +33.51%, which changed the moving average for the period of 200-days by +82.39% in comparison to the 20-day moving average, which settled at $1.78. In addition, Lumen Technologies Inc saw 41.53% in overturn over a single year, with a tendency to cut further gains.
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 1.42. 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 summary, Lumen Technologies Inc (LUMN) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
