The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LUMN is 992.76M, and at present, short sellers hold a 11.34% of that float. On August 12, 2024, the average trading volume of LUMN was 28.19M shares.
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LUMN) stock’s latest price update
Lumen Technologies Inc (NYSE: LUMN)’s stock price has plunge by 3.53relation to previous closing price of 5.38. Nevertheless, the company has seen a 81.43% surge in its stock price over the last five trading sessions. marketwatch.com reported 2024-08-10 that Fresh off a record daily stock gain, Lumen Technologies Inc. reported earnings and refreshed its outlook for the full year Tuesday.
LUMN’s Market Performance
Lumen Technologies Inc (LUMN) has seen a 81.43% rise in stock performance for the week, with a 380.17% gain in the past month and a 315.67% surge in the past quarter. The volatility ratio for the week is 28.48%, and the volatility levels for the past 30 days are at 18.95% for LUMN. The simple moving average for the past 20 days is 125.55% for LUMN’s stock, with a 268.68% simple moving average for the past 200 days.
Analysts’ Opinion of LUMN
Goldman, on the other hand, stated in their research note that they expect to see LUMN reach a price target of $4, previously predicting the price at $1. The rating they have provided for LUMN stocks is “Neutral” according to the report published on August 07th, 2024.
Citigroup gave a rating of “Neutral” to LUMN, setting the target price at $3.15 in the report published on August 06th of the current year.
LUMN Trading at 232.37% 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 -28.86% of loss for the given period.
Volatility was left at 18.95%, however, over the last 30 days, the volatility rate increased by 28.48%, as shares surge +372.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +331.78% upper at present.
During the last 5 trading sessions, LUMN rose by +81.43%, which changed the moving average for the period of 200-days by +328.46% in comparison to the 20-day moving average, which settled at $2.69. In addition, Lumen Technologies Inc saw 204.37% 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 GOFF STACEY W, who proposed sale 374,492 shares at the price of $6.36 back on Aug 08 ’24. After this action, GOFF STACEY W now owns shares of Lumen Technologies Inc, valued at $2,381,769 using the latest closing price.
GOFF STACEY W, the Officer of Lumen Technologies Inc, proposed sale 71,025 shares at $6.36 during a trade that took place back on Aug 08 ’24, which means that GOFF STACEY W is holding shares at $451,719 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 -150.18, with -5.98 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 1.63. 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 0.95.
Conclusion
To sum up, Lumen Technologies Inc (LUMN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
