Lumen Technologies Inc (NYSE:LUMN) has a beta value of 1.36 and has seen 9.62 million shares traded in the last trading session. The company, currently valued at $4.41B, closed the last trade at $4.3 per share which meant it gained $0.06 on the day or 1.42% during that session. The LUMN stock price is -140.23% off its 52-week high price of $10.33 and 77.44% 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 10.76 million shares traded. The 3-month trading volume is 12.66 million shares.
The consensus among analysts is that Lumen Technologies Inc (LUMN) is Hold stock at the moment, with a recommendation rating of 2.73. 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.
Lumen Technologies Inc (NYSE:LUMN) trade information
Sporting 1.42% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LUMN stock price touched $4.3 or saw a rise of 0.92%. Year-to-date, Lumen Technologies Inc shares have moved 287.39%, while the 5-day performance has seen it change 5.65%. Over the past 30 days, the shares of Lumen Technologies Inc (NYSE:LUMN) have changed 11.98%. Short interest in the company has seen 67.01 million shares shorted with days to cover at 5.68.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -7.5% from current levels. The projected low price target is $3.15 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -132.56% off the targeted high while a plunge would see the stock lose 26.74% from current levels.
Lumen Technologies Inc (LUMN) estimates and forecasts
The company’s shares have lost -25.73% over the past 6 months.
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 59.19% over the past 5 years.
LUMN Dividends
Lumen Technologies Inc is expected to release its next earnings report on 2025-May-01 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 8.13% of the company shares, while shares held by institutions stand at 71.40% with a share float percentage of 77.72%. Investors are also buoyed by the number of investors in a company, with Lumen Technologies Inc having a total of 679.0 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 15.0757% 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 11.9643% of shares outstanding.
