Lumen Technologies, Inc. (NYSE:LUMN) has a beta value of 1.11 and has seen 4,245,383 shares traded in the recent trading session. The company, currently valued at $13.85 Billion, closed the recent trade at $12.6 per share which meant it lost -$0.27 on the day or -2.1% during that session. The LUMN stock price is -31.75% off its 52-week high price of $16.6 and 32.46% above the 52-week low of $8.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.42 Million shares traded. The 3-month trading volume is 15.35 Million shares.
The consensus among analysts is that Lumen Technologies, Inc. (LUMN) is an Underweight stock at the moment, with a recommendation rating of 3.4. 7 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 15 have rated it as a Hold, with 2 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.41.
Lumen Technologies, Inc. (NYSE:LUMN) trade information
Despite being -2.1% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 07 when the LUMN stock price touched $13.59- or saw a rise of 7.21%. Year-to-date, Lumen Technologies, Inc. shares have moved 29.33%, while the 5-day performance has seen it change -5.61%. Over the past 30 days, the shares of Lumen Technologies, Inc. (NYSE:LUMN) have changed -10.12%. Short interest in the company has seen 76.57 Million shares shorted with days to cover at 4.99.
Wall Street analysts have a consensus price target for the stock at $10.08, which means that the shares’ value could jump -20% from the levels at last check today. The projected low price target is $7 while the price target rests at a high of $15. In that case, then, we find that the latest price level in today’s session is +19.05% off the targeted high while a plunge would see the stock lose -44.44% from the levels at last check today.
Lumen Technologies, Inc. (LUMN) estimates and forecasts
Figures show that Lumen Technologies, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +27.05% over the past 6 months, with this year growth rate of -4.19%, compared to 7.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 10.8% and -4.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -3.1%.
12 analysts offering their estimates for the company have set an average revenue estimate of $5.06 Billion for the current quarter. 11 have an estimated revenue figure of $5.03 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $5.23 Billion for this quarter, and analysts expect sales will grow by -3.2% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.2% over the past 5 years. Earnings growth for 2021 is a modest +76.8% while over the next 5 years, the company’s earnings are expected to increase by 3%.
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Lumen Technologies, Inc. is expected to release its next earnings report between May 04 and May 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1 at a share yield of 7.8%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 10.43%.
Lumen Technologies, Inc. (NYSE:LUMN)’s Major holders
Insiders own 0.68% of the company shares, while shares held by institutions stand at 77.19% with a share float percentage of 77.72%. Investors are also buoyed by the number of investors in a company, with Lumen Technologies, Inc. having a total of 976 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 126.37 Million shares worth more than $1.23 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 11.52% of shares outstanding.
The other major institutional holder is Temasek Holdings (Private) Limited, with the holding of over 97.26 Million shares as of December 30, 2020. The firm’s total holdings are worth over $948.28 Million and represent 8.87% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 2.83% shares in the company for having 31065785 shares of worth $302.89 Million while later fund manager owns 24.78 Million shares of worth $241.56 Million as of December 30, 2020, which makes it owner of about 2.26% of company’s outstanding stock.