In the latest trading session,, 1.35 million Lumen Technologies Inc (NYSE:LUMN) shares changed hands as the company’s beta touched 1.13. With the company’s most recent per share price at $1.38 changing hands around $0.0 or -0.36% at last look, the market valuation stands at $1.39B. LUMN’s current price is a discount, trading about -95.65% off its 52-week high of $2.70. The share price had its 52-week low at $0.78, which suggests the last value was 43.48% up since then. When we look at Lumen Technologies Inc’s average trading volume, we note the 3-month average coming to 13.38 million.

Lumen Technologies Inc (NYSE:LUMN) trade information

Instantly LUMN was in red as seen in intraday trades today. With action 0.36%, the performance over the past five days has been green. The drop to weekly highs of 1.4800 subtracted -0.36% to the stock’s daily price. The company’s shares are showing year-to-date downside of -24.86%, with the 5-day performance at 0.36% in the green. However, in the 30-day time frame, Lumen Technologies Inc (NYSE:LUMN) is -12.97% down. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

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 4.17% over the past 6 months, a -220.00% in annual growth rate that is considerably lower than the industry average of 17.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Lumen Technologies Inc will fall -100.00%, while the growth in revenue is estimated to hit -110.00% for the next quarter. Year-over-year growth is forecast to reach -8.50% down from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $3.37 billion. 7 analysts are of the opinion that Lumen Technologies Inc’s revenue for the quarter ending Jun 2024 will be $3.33 billion. The company’s revenue for the corresponding quarters a year ago was $3.74 billion and -$ respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.90%. The estimates for the next quarter sales put growth at –.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -45.15%. The 2024 estimates are for Lumen Technologies Inc earnings to decrease by -99.30%.