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Lumen Technologies Inc. (LUMN) – Don’t Believe the Hype: Check The Facts

Lumen Technologies Inc. (NYSE: LUMN) is -33.71% lower on its value in year-to-date trading and has touched a low of $8.43 and a high of $14.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LUMN stock was last observed hovering at around $8.46 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $8.32, the stock is -14.13% and -20.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.24 million and changing -1.65% at the moment leaves the stock -25.65% off its SMA200. LUMN registered -33.71% loss for a year compared to 6-month gain of -23.46%. The firm has a 50-day simple moving average (SMA 50) of $1.96 and a 200-day simple moving average (SMA200) of $4.94.

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The stock witnessed a -23.53% loss in the last 1 month and extending the period to 3 months gives it a -24.02%, and is -7.14% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 2.93% over the month.

Lumen Technologies Inc. (LUMN) has around 35000 employees, a market worth around $8.77B and $19.02B in sales. Current P/E ratio is 4.30 and Fwd P/E is 8.49. Profit margin for the company is 10.50%. Distance from 52-week low is -1.30% and -42.60% from its 52-week high. The company has generated returns on investments over the last 12 months (8.90%).

Lumen Technologies Inc. (LUMN) Analyst Forecasts

The EPS is expected to grow by 266.90% this year

Lumen Technologies Inc. (LUMN) Top Institutional Holders

The shares outstanding are 1.04B, and float is at 1.03B with Short Float at 14.69%.

Lumen Technologies Inc. (LUMN) Insider Activity

A total of 14 insider transactions have happened at Lumen Technologies Inc. (LUMN) in the last six months, with sales accounting for 1 and purchases happening 13 times. The most recent transaction is an insider sale by GOFF STACEY W, the company’s EVP & GC. SEC filings show that GOFF STACEY W sold 128,616 shares of the company’s common stock on Nov 05 at a price of $14.16 per share for a total of $1.82 million. Following the sale, the insider now owns 0.64 million shares.

Lumen Technologies Inc. (LUMN): Who are the competitors?

The company’s main competitors (and peers) include Cisco Systems Inc. (CSCO) that is trading -25.88% down over the past 12 months and Verizon Communications Inc. (VZ) that is -26.14% lower over the same period. AT&T Inc. (T) is -20.59% down on the 1-year trading charts.

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