Lumen Technologies Inc (NYSE: LUMN) Is A Bargain Stock You Should Consider.

In the last trading session, 8.32 million Lumen Technologies Inc (NYSE:LUMN) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $1.35 changed hands at -$0.03 or -2.17% during last session, the market valuation stood at $1.36B. LUMN’s last price was a discount, traded about -351.11% off its 52-week high of $6.09. The share price had its 52-week low at $0.78, which suggests the last value was 42.22% up since then. When we look at Lumen Technologies Inc’s average trading volume, we note the 10-day average is 16.93 million shares, with the 3-month average coming to 16.78 million.

Lumen Technologies Inc (NYSE:LUMN) trade information

Instantly LUMN was in red as seen at the end of in last trading. With action 13.45%, the performance over the past five days has been green. The drop to weekly highs of 1.4100 on Friday, 11/17/23 subtracted -2.17% to the stock’s daily price. The company’s shares are showing year-to-date downside of -74.14%, with the 5-day performance at 13.45% in the green. However, in the 30-day time frame, Lumen Technologies Inc (NYSE:LUMN) is -2.88% down. Looking at the short shares, we see there were 141.06 million shares sold at short interest cover period of 13.25 days.

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Lumen Technologies Inc (LUMN) estimates and forecasts

Data shows that the Lumen Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -42.55% over the past 6 months, a -86.45% in annual growth rate that is considerably lower than the industry average of 12.00%.

The 2023 estimates are for Lumen Technologies Inc earnings to decrease by -89.51%.

LUMN Dividends

Lumen Technologies Inc is expected to release its next quarterly earnings report between February 05 and February 09.

Lumen Technologies Inc (NYSE:LUMN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.25% of Lumen Technologies Inc shares while 74.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.10%. There are 74.17% institutions holding the Lumen Technologies Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 14.12% of the shares, roughly 142.32 million LUMN shares worth $321.65 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 11.41% or 115.0 million shares worth $259.89 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 47.06 million shares estimated at $66.83 million under it, the former controlled 4.67% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.99% of the shares, roughly 30.16 million shares worth around $68.16 million.

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