In today’s recent session, 1.78 million shares of the Lumen Technologies Inc (NYSE:LUMN) have been traded, and its beta is 1.27. Most recently the company’s share price was $5.01, and it changed around $0.02 or 0.30% from the last close, which brings the market valuation of the company to $5.08B. LUMN at last check was trading at a discount to its 52-week high of $10.33, offering almost -106.19% off that amount. The share price’s 52-week low was $0.97, which indicates that the recent value has risen by an impressive 80.64% since then. We note from Lumen Technologies Inc’s average daily trading volume that its 10-day average is 18.66 million shares, with the 3-month average coming to 13.35 million.
Lumen Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.27. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended LUMN as a Hold, whereas 1 deemed it a Buy, and 2 rated it as Underweight.
Lumen Technologies Inc (NYSE:LUMN) trade information
Instantly LUMN has been showing a green trend so far today with a performance of 0.30% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.51 on recent trading dayincreased the stock’s daily price by 9.07%. The company’s shares are currently down -5.74% year-to-date, but still up 2.77% over the last five days. On the other hand, Lumen Technologies Inc (NYSE:LUMN) is -9.33% down in the 30-day period. We can see from the shorts that 74.31 million shares have been sold at a short interest cover period of 6.39 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to decrease their stock price by -25.25% from its current value. Analyst projections state that LUMN is forecast to be at a low of $4 and a high of $4.
LUMN Dividends
Lumen Technologies Inc’s next quarterly earnings report is expected to be released in March. The average dividend yield for the past five years averaged 11.94 per year.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.71% of Lumen Technologies Inc shares, and 66.88% of them are in the hands of institutional investors. The stock currently has a share float of 72.46%. Lumen Technologies Inc stock is held by 651.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.1122% of the shares, which is about 148.83 million shares worth $163.72 million.
VANGUARD GROUP INC, with 11.9933% or 118.12 million shares worth $129.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 47.06 shares worth $236.48 million, making up 4.64% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 32.07 shares worth around $161.16 million, which represents about 3.16% of the total shares outstanding.
