Lumen Technologies Inc (NYSE:LUMN) has a beta value of 1.22 and has seen 13.7 million shares traded in the last trading session. The company, currently valued at $8.03B, closed the last trade at $7.88 per share which meant it gained $0.03 on the day or 0.38% during that session. The LUMN stock price is -31.09% off its 52-week high price of $10.33 and 87.69% above the 52-week low of $0.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.97 million shares traded. The 3-month trading volume is 18.56 million shares.
The consensus among analysts is that Lumen Technologies Inc (LUMN) is Hold stock at the moment, with a recommendation rating of 3.43. 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 -0.05.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Lumen Technologies Inc (NYSE:LUMN) trade information
Sporting 0.38% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LUMN stock price touched $7.88 or saw a rise of 8.48%. Year-to-date, Lumen Technologies Inc shares have moved 330.60%, while the 5-day performance has seen it change -7.73%. Over the past 30 days, the shares of Lumen Technologies Inc (NYSE:LUMN) have changed 25.48%. Short interest in the company has seen 65.24 million shares shorted with days to cover at 4.98.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -97.0% from current levels. 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 current price level is -26.9% off the targeted high while a plunge would see the stock lose 60.03% from current levels.
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 520.47% over the past 6 months, with this year growth rate of -290.00%, compared to 18.50% for the industry. Revenue growth from the last financial year stood is estimated to be -10.83%.
9 analysts offering their estimates for the company have set an average revenue estimate of 3.2B for the current quarter. 5 have an estimated revenue figure of 3.14B for the next ending quarter. Year-ago sales stood 3.52B and 3.29B respectively for this quarter and the next, and analysts expect sales will shrink by -9.00% for the current quarter and -10.83% 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 -264.91% 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 in December 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 7.71% of the company shares, while shares held by institutions stand at 65.37% with a share float percentage of 70.83%. Investors are also buoyed by the number of investors in a company, with Lumen Technologies Inc having a total of 642.0 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.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 4.64% shares in the company for having 47.06 shares of worth $370.84 million while later fund manager owns 31.48 shares of worth $248.08 million as of Jun 30, 2024 , which makes it owner of about 3.10% of company’s outstanding stock.
