In the latest trading session, 1.87 million Lumen Technologies Inc (NYSE:LUMN) shares changed hands as the company’s beta touched 1.27. With the company’s most recent per share price at $4.97 changing hands around $0.1 or 1.95% at last look, the market valuation stands at $5.04B. LUMN’s current price is a discount, trading about -107.85% off its 52-week high of $10.33. The share price had its 52-week low at $0.97, which suggests the last value was 80.48% up since then. When we look at Lumen Technologies Inc’s average trading volume, we note the 10-day average is 14.83 million shares, with the 3-month average coming to 14.20 million.
Analysts gave the Lumen Technologies Inc (LUMN) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.33. If we narrow down to specifics, the data shows that 3 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended LUMN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Lumen Technologies Inc’s EPS for the current quarter is expected to be -0.05.
Lumen Technologies Inc (NYSE:LUMN) trade information
Instantly LUMN is in green as seen in intraday trades today. With action -2.26%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.50%, with the 5-day performance at -2.26% in the red. However, in the 30-day time frame, Lumen Technologies Inc (NYSE:LUMN) is -11.50% down. Looking at the short shares, we see there were 74.31 million shares sold at short interest cover period of 6.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need a downside of -24.25% from its recent market value. According to analyst projections, LUMN’s forecast low is 3.15 with 7 as the target high. To hit the forecast high, the stock’s price needs a -40.85% plunge from its current level, while the stock would need to tank 36.62% for it to hit the projected low.
Lumen Technologies Inc (LUMN) estimates and forecasts
Data shows that the Lumen Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 61.73% over the past 6 months, a -290.00% in annual growth rate that is considerably lower than the industry average of 14.10%. Year-over-year growth is forecast to reach -10.87% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 3.2B. 5 analysts are of the opinion that Lumen Technologies Inc’s revenue for the current quarter will be 3.14B. The company’s revenue for the corresponding quarters a year ago was 3.52B and 3.29B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.95%. The estimates for the next quarter sales put growth at -4.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -45.15%. The 2025 estimates are for Lumen Technologies Inc earnings to decrease by -275.92%.
LUMN Dividends
Lumen Technologies Inc is expected to release its next quarterly earnings report in March. During the past 5 years, the average dividend yield was 11.94 per year.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.71% of Lumen Technologies Inc shares while 66.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.46%. There are 66.88% institutions holding the Lumen Technologies Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 15.1122% of the shares, roughly 148.83 million LUMN shares worth $163.72 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.9933% or 118.12 million shares worth $129.93 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 47.06 shares estimated at $232.25 million under it, the former controlled 4.64% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.16% of the shares, roughly 32.07 shares worth around $158.27 million.
