In last trading session, Lumen Technologies Inc (NYSE:LUMN) saw 51.16 million shares changing hands with its beta currently measuring 1.19. Company’s recent per share price level of $9.02 trading at $1.41 or 18.53% at ring of the bell on the day assigns it a market valuation of $9.17B. That closing price of LUMN’s stock is at a premium of 13.19% from its 52-week high price of $7.83 and is indicating a premium of 89.25% from its 52-week low price of $0.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 16.06 million shares which gives us an average trading volume of 31.42 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 3.40. Splitting up the data highlights that, out of 7 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
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Lumen Technologies Inc (NYSE:LUMN) trade information
Upright in the green during last session for gaining 18.53%, in the last five days LUMN remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $9.02 price level, adding 1.96% to its value on the day. Lumen Technologies Inc’s shares saw a change of 392.90% in year-to-date performance and have moved 34.83% in past 5-day. Lumen Technologies Inc (NYSE:LUMN) showed a performance of 40.28% in past 30-days. Number of shares sold short was 66.15 million shares which calculate 4.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a fall of -125.5% to its current value. Analysts have been projecting 3.15 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 65.08% in reaching the projected high whereas dropping to the targeted low would mean a gain of 65.08% 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 added 604.69% of value to its shares in past 6 months, showing an annual growth rate of -395.00% while that of industry is 18.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.90% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.19B for the same. And 5 analysts are in estimates of company making revenue of 3.14B in the next quarter. Company posted 3.52B and 3.29B of sales in current and next quarters respectively a year earlier.
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. In 2024, company’s earnings growth rate is likely to be around -273.47% while estimates for its earnings growth in next 5 years are of -2.00%.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
Insiders are in possession of 7.56% of company’s total shares while institution are holding 65.55 percent of that, with stock having share float percentage of 70.91%. Investors also watch the number of corporate investors in a company very closely, which is 65.55% institutions for Lumen Technologies Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at LUMN for having 148.83 million shares of worth $163.72 million. And as of 2024-06-30, it was holding 15.1122 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 118.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.9933 of outstanding shares, having a total worth of $129.93 million.
