In last trading session, Lumen Technologies Inc (NYSE:LUMN) saw 16.41 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $1.21 trading at $0.02 or 1.68% at ring of the bell on the day assigns it a market valuation of $1.22B. That closing price of LUMN’s stock is at a discount of -123.14% from its 52-week high price of $2.70 and is indicating a premium of 35.54% from its 52-week low price of $0.78. Taking a look at company’s average trading volume volume of 11.86 million if we extend that period to 3-months.
Lumen Technologies Inc (NYSE:LUMN) trade information
Upright in the green during last session for gaining 1.68%, in the last five days LUMN remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $1.21 price level, adding 6.2% to its value on the day. Lumen Technologies Inc’s shares saw a change of -33.88% in year-to-date performance and have moved -6.20% in past 5-day. Lumen Technologies Inc (NYSE:LUMN) showed a performance of -14.18% in past 30-days.
Lumen Technologies Inc (LUMN) estimates and forecasts
Statistics highlight that Lumen Technologies Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -18.79% of value to its shares in past 6 months, showing an annual growth rate of -200.00% while that of industry is 19.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -110.00% in the current quarter and calculating 66.70% increase in the next quarter. This year revenue growth is estimated to fall -8.50% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.33 billion for the same. And 8 analysts are in estimates of company making revenue of $3.32 billion in the next quarter that will end on Sep 2024. Company posted -$ and $3.61 billion of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -45.15% during past 5 years.
LUMN Dividends
Lumen Technologies Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
