Lumen Technologies Inc (NYSE:LUMN) Shares Plunged -1.50% In A Week – But Can It Maintain Its Gains?

In recent trading session, Lumen Technologies Inc (NYSE:LUMN) saw 1.57 million shares changing hands at last check today with its beta currently measuring 1.14. Company’s recent per share price level of $1.01 trading at -$0.03 or -2.45% at last check today assigns it a market valuation of $1.03B. That most recent trading price of LUMN’s stock is at a discount of -131.68% from its 52-week high price of $2.34 and is indicating a premium of 22.77% from its 52-week low price of $0.78. Taking a look at company’s average trading volume volume of 9.52 million if we extend that period to 3-months.

For Lumen Technologies Inc (LUMN), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.79. Splitting up the data highlights that, out of 7 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Lumen Technologies Inc (NYSE:LUMN) trade information

Upright in the red during last session for losing -2.45%, in the last five days LUMN remained trading in the red while hitting it’s week-highest on Tuesday, 07/02/24 when the stock touched $1.01 price level, adding 9.01% to its value on the day. Lumen Technologies Inc’s shares saw a change of -44.56% in year-to-date performance and have moved -1.50% in past 5-day. Lumen Technologies Inc (NYSE:LUMN) showed a performance of -19.48% in past 30-days.

Wall Street analysts have assigned a consensus price target of 6.75 to the stock, which implies a rise of 85.04% to its recent value today. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 0.99% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.99% for stock’s current value.

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 -43.32% of value to its shares in past 6 months, showing an annual growth rate of -180.00% while that of industry is 14.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 August 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.