In today’s recent session, 3.31 million shares of the Lumen Technologies Inc (NYSE:LUMN) have been traded, and its beta is 1.19. Most recently the company’s share price was $6.33, and it changed around -$0.45 or -6.64% from the last close, which brings the market valuation of the company to $6.44B. LUMN at last check was trading at a discount to its 52-week high of $7.83, offering almost -23.7% off that amount. The share price’s 52-week low was $0.78, which indicates that the recent value has risen by an impressive 87.68% since then. We note from Lumen Technologies Inc’s average daily trading volume that its 10-day average is 14.21 million shares, with the 3-month average coming to 37.28 million.
Lumen Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.33. If we narrow it down even further, the data shows that 3 out of 13 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 9 recommended LUMN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Lumen Technologies Inc is expected to report earnings per share of -0.09 for the current quarter.
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Lumen Technologies Inc (NYSE:LUMN) trade information
Instantly LUMN has been showing red trend so far today with a performance of -6.64% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.24 on recent trading dayincreased the stock’s daily price by 12.57%. The company’s shares are currently up 245.90% year-to-date, but still down -10.85% over the last five days. On the other hand, Lumen Technologies Inc (NYSE:LUMN) is 8.39% up in the 30-day period. We can see from the shorts that 82.4 million shares have been sold at a short interest cover period of 3.1 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -58.25% from its current value. Analyst projections state that LUMN is forecast to be at a low of $3.15 and a high of $10.
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 risen 362.04 percent over the past six months and at a -190.00% annual growth rate that is well below the industry average of 18.00%. 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 3.22B in revenue for the current quarter. 9 analysts expect Lumen Technologies Inc to make 3.2B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.61B and 3.52B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.60%. Forecasts for the next quarter put sales growth at -9.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.15%. Lumen Technologies Inc earnings are expected to increase by -253.79% in 2024, but the outlook is negative -2.00% per year for the next five years.
LUMN Dividends
Lumen Technologies Inc’s next quarterly earnings report is expected to be released on 2024-Oct-29. The average dividend yield for the past five years averaged 11.94 per year.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.55% of Lumen Technologies Inc shares, and 65.23% of them are in the hands of institutional investors. The stock currently has a share float of 70.56%. Lumen Technologies Inc stock is held by 571.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.1122% of the shares, which is about 148.83 million shares worth $163.72 million.
VANGUARD GROUP INC, with 11.9933% or 118.12 million shares worth $129.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 47.06 shares worth $297.66 million, making up 4.63% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 31.48 shares worth around $199.13 million, which represents about 3.10% of the total shares outstanding.
