Lumen Technologies Inc (NYSE:LUMN)’s traded shares stood at 15.54 million during the last session, with the company’s beta value hitting 1.23. At the close of trading, the stock’s price was $6.58, to imply a decrease of -2.37% or -$0.16 in intraday trading. The LUMN share’s 52-week high remains $10.33, putting it -56.99% down since that peak but still an impressive 85.26% since price per share fell to its 52-week low of $0.97. The company has a valuation of $6.68B, with an average of 12.42 million shares in intraday trading volume over the past 10 days and average of 17.11 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Lumen Technologies Inc (LUMN), translating to a mean rating of 3.46. Of 7 analyst(s) looking at the stock, 3 analyst(s) give LUMN a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
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Lumen Technologies Inc (NYSE:LUMN) trade information
After registering a -2.37% downside in the last session, Lumen Technologies Inc (LUMN) has traded red over the past five days. The 5-day price performance for the stock is -13.99%, and -12.03% over 30 days. With these gigs, the year-to-date price performance is 259.56%. Short interest in Lumen Technologies Inc (NYSE:LUMN) saw shorts transact 64.54 million shares and set a 3.35 days time to cover.
The extremes give us $3.15 and $7 for target low and target high price respectively. As such, LUMN has been trading -6.38% off suggested target high and 52.13% from its likely low.
Lumen Technologies Inc (LUMN) estimates and forecasts
Looking at statistics comparing Lumen Technologies Inc share performance against respective industry, we note that the company has underperformed competitors. Lumen Technologies Inc (LUMN) shares are 394.74% up over the last 6 months, with its year-to-date growth rate lower than industry average at -290.00% against 16.80%. The rating firms project that company’s revenue will shrink -10.83% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 3.2B. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 3.13B.Earnings reports from the last fiscal year show that sales brought in 3.52B and 3.29B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.03% before dropping -4.78% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -45.15% for the past 5-year period. While 2024 is set for a -269.04% return in earnings, projections for the next 5 years are at -2.00% annually.
LUMN Dividends
Lumen Technologies Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 11.94%.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
Lumen Technologies Inc insiders hold 7.71% of total outstanding shares, with institutional holders owning 65.39% of the shares at 70.85% float percentage. In total, 65.39% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 148.83 million shares (or 15.1122% of shares), all amounting to roughly $163.72 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 118.12 million shares, or about 11.9933% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $129.93 million.
