In the latest trading session, 1.31 million Lumen Technologies Inc (NYSE:LUMN) shares changed hands as the company’s beta touched 1.29. With the company’s most recent per share price at $4.27 changed hands at -$0.06 or -1.39% at last look, the market valuation stands at $4.33B. LUMN’s current price is a discount, trading about -141.92% 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 77.28% up since then.
Analysts gave the Lumen Technologies Inc (LUMN) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. 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 -0.27.
Lumen Technologies Inc (NYSE:LUMN) trade information
Instantly LUMN was in red as seen in intraday trades today. With action -13.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.59%, with the 5-day performance at -13.39% in the red. However, in the 30-day time frame, Lumen Technologies Inc (NYSE:LUMN) is -27.87% down.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need a downside of -6.75% from its recent market value. According to analyst projections, LUMN’s forecast low is 3.15 with 10 as the target high. To hit the forecast high, the stock’s price needs a -134.19% plunge from its current level, while the stock would need to tank 26.23% for it to hit the projected low.
Lumen Technologies Inc (LUMN) estimates and forecasts
Year-over-year growth is forecast to reach -5.57% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 3.13B. 9 analysts are of the opinion that Lumen Technologies Inc’s revenue for the current quarter will be 3.1B. The company’s revenue for the corresponding quarters a year ago was 3.29B and 3.27B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.92%. The estimates for the next quarter sales put growth at -5.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 59.19%. The 2025 estimates are for Lumen Technologies Inc earnings to decrease by -393.34%.
Lumen Technologies Inc (NYSE:LUMN)’s Major holders
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 $200.91 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 $136.92 million.
