Lumen Technologies Inc (NYSE:LUMN) has a beta value of 1.28 and has seen 3.54 million shares traded in the recent trading session. The company, currently valued at $4.96B, closed the recent trade at $4.89 per share which meant it lost -$0.08 on the day or -1.66% during that session. The LUMN stock price is -111.25% off its 52-week high price of $10.33 and 80.16% 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 8.75 million shares traded. The 3-month trading volume is 13.94 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 -0.05.
Lumen Technologies Inc (NYSE:LUMN) trade information
Sporting -1.66% in the red today, 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 $4.89 or saw a rise of 20.1%. Year-to-date, Lumen Technologies Inc shares have moved -7.96%, while the 5-day performance has seen it change -10.82%. Over the past 30 days, the shares of Lumen Technologies Inc (NYSE:LUMN) have changed -16.03%. Short interest in the company has seen 72.69 million shares shorted with days to cover at 5.47.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -22.25% from the levels at last check today. The projected low price target is $3.15 while the price target rests at a high of $7.0. In that case, then, we find that the latest price level in today’s session is -43.15% off the targeted high while a plunge would see the stock lose 35.58% 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 176.12% over the past 6 months, with this year growth rate of -290.00%, compared to 14.90% for the industry. Revenue growth from the last financial year stood is estimated to be -10.87%.
10 analysts offering their estimates for the company have set an average revenue estimate of 3.2B for the current quarter. 6 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 -8.97% for the current quarter and -10.87% 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.
LUMN Dividends
Lumen Technologies Inc is expected to release its next earnings report in February 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 66.64% with a share float percentage of 72.21%. Investors are also buoyed by the number of investors in a company, with Lumen Technologies Inc having a total of 645.0 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 Nov 30, 2024, the former fund manager holds about 4.64% shares in the company for having 47.06 shares of worth $229.31 million while later fund manager owns 32.07 shares of worth $156.27 million as of Sep 30, 2024, which makes it owner of about 3.16% of company’s outstanding stock.
