Lumen Technologies Inc (NYSE: LUMN) Could Have Exceptional Returns?

In the last trading session, 9.3 million shares of the Lumen Technologies Inc (NYSE:LUMN) were traded, and its beta was 1.14. Most recently the company’s share price was $0.99, and it changed around -$0.06 or -5.48% from the last close, which brings the market valuation of the company to $1.01B. LUMN currently trades at a discount to its 52-week high of $2.34, offering almost -136.36% off that amount. The share price’s 52-week low was $0.78, which indicates that the current value has risen by an impressive 21.21% since then. We note from Lumen Technologies Inc’s average daily trading volume that its 3-month average coming to 9.57 million.

Lumen Technologies Inc (NYSE:LUMN) trade information

Instantly LUMN has showed a red trend with a performance of -5.48% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -45.77% year-to-date, but still down -8.10% over the last five days. On the other hand, Lumen Technologies Inc (NYSE:LUMN) is -23.06% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $7.38, which translates to bulls needing to increase their stock price by 86.59% from its current value. Analyst projections state that LUMN is forecast to be at a low of $3.5 and a high of $12.

Lumen Technologies Inc (LUMN) estimates and forecasts

Lumen Technologies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -42.96 percent over the past six months and at a -180.00% annual growth rate that is well below the industry average of 14.40%. The year-over-year growth rate is expected to be -10.90%, down from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 3.25B in revenue for the current quarter. 9 analysts expect Lumen Technologies Inc to make 3.22B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -10.70%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.15%.

LUMN Dividends

Lumen Technologies Inc’s next quarterly earnings report is expected to be released in July.