Is Lumen Technologies Inc (NYSE: LUMN) Stock Set To Rise More?

In the latest trading session,, 4.48 million Lumen Technologies Inc (NYSE:LUMN) shares changed hands as the company’s beta touched 1.14. With the company’s most recent per share price at $1.03 changed hands at -$0.05 or -4.63% at last look, the market valuation stands at $1.05B. LUMN’s current price is a discount, trading about -127.18% off its 52-week high of $2.34. The share price had its 52-week low at $0.78, which suggests the last value was 24.27% up since then. When we look at Lumen Technologies Inc’s average trading volume, we note the 3-month average coming to 9.65 million.

Lumen Technologies Inc (NYSE:LUMN) trade information

Instantly LUMN was in red as seen in intraday trades today. With action -16.26%, the performance over the past five days has been red. The drop to weekly highs of 1.2900 subtracted -4.63% to the stock’s daily price. The company’s shares are showing year-to-date downside of -43.72%, with the 5-day performance at -16.26% in the red. However, in the 30-day time frame, Lumen Technologies Inc (NYSE:LUMN) is -21.97% down.

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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 -43.09% over the past 6 months, a -180.00% in annual growth rate that is considerably lower than the industry average of 14.30%.

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 -157.00%.