Lumen Technologies Inc (NYSE:LUMN) has a beta value of 1.19 and has seen 6.75 million shares traded in the recent trading session. The company, currently valued at $8.30B, closed the recent trade at $7.45 per share which meant it gained $0.45 on the day or 6.50% during that session. The LUMN stock price is -5.1% off its 52-week high price of $7.83 and 89.53% above the 52-week low of $0.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.94 million shares traded. The 3-month trading volume is 32.10 million shares.
The consensus among analysts is that Lumen Technologies Inc (LUMN) is Hold stock at the moment, with a recommendation rating of 3.33. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.
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Lumen Technologies Inc (NYSE:LUMN) trade information
Sporting 6.50% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LUMN stock price touched $7.45 or saw a rise of 1.19%. Year-to-date, Lumen Technologies Inc shares have moved 307.38%, while the 5-day performance has seen it change 16.30%. Over the past 30 days, the shares of Lumen Technologies Inc (NYSE:LUMN) have changed 9.96%. Short interest in the company has seen 66.15 million shares shorted with days to cover at 4.22.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -86.25% from the levels at last check today. The projected low price target is $3.15 while the price target rests at a high of $10.0. In that case, then, we find that the latest price level in today’s session is -34.23% off the targeted high while a plunge would see the stock lose 57.72% from the levels at last check today.
Lumen Technologies Inc (LUMN) estimates and forecasts
Figures show that Lumen Technologies Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 464.77% over the past 6 months, with this year growth rate of -395.00%, compared to 18.80% for the industry. Revenue growth from the last financial year stood is estimated to be -10.90%.
10 analysts offering their estimates for the company have set an average revenue estimate of 3.22B for the current quarter. 10 have an estimated revenue figure of 3.19B for the next ending quarter. Year-ago sales stood 3.61B and 3.52B respectively for this quarter and the next, and analysts expect sales will shrink by -10.70% for the current quarter and -10.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -45.15% over the past 5 years. Earnings growth for 2024 is a modest -257.97% while over the next 5 years, the company’s earnings are expected to decrease by -2.00%.
LUMN Dividends
Lumen Technologies Inc is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
Insiders own 7.55% of the company shares, while shares held by institutions stand at 65.23% with a share float percentage of 70.57%. Investors are also buoyed by the number of investors in a company, with Lumen Technologies Inc having a total of 592.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 148.83 million shares worth more than $163.72 million. As of 2024-06-30, BLACKROCK INC. held 15.1122% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 118.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $129.93 million and represent 11.9933% of shares outstanding.
