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What should you know before buying stock in Lumen Technologies Inc (LUMN)

Lumen Technologies Inc (NYSE: LUMN) is -22.95% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $2.70 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 $1.46 in the last trading session, with the day’s loss setting it -0.05%.

Currently trading at $1.41, the stock is -14.73% and -8.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.23 million and changing -3.42% at the moment leaves the stock -11.30% off its SMA200. LUMN registered -44.92% loss for a year compared to 6-month gain of -0.70%. The firm has a 50-day simple moving average (SMA 50) of $1.34 and a 200-day simple moving average (SMA200) of -$3.19.

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The stock witnessed a -12.96% loss in the last 1 month and extending the period to 3 months gives it a -22.95%, and is -12.42% 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 6.45% over the week and 7.88% over the month.

Lumen Technologies Inc (LUMN) has around 28000 employees, a market worth around $1.42B and $14.56B in sales. Profit margin for the company is -70.74%. Distance from 52-week low is 80.75% and -47.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.37%).

Lumen Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $3.37B over the same period.The EPS is expected to shrink by -95.23% this year, but quarterly earnings will post -8.40% year-over-year. Quarterly sales are estimated to shrink -9.90% in year-over-year returns.

Lumen Technologies Inc (LUMN) Top Institutional Holders

621 institutions hold shares in Lumen Technologies Inc (LUMN), with institutional investors hold 68.67% of the company’s shares. The shares outstanding are 1.01B, and float is at 984.81M with Short Float at 15.15%. Institutions hold 67.44% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 142.32 million shares valued at $321.65 million. The investor’s holdings represent 14.12% of the LUMN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 115.0 million shares valued at $259.89 million to account for 11.41% of the shares outstanding. The other top investors are State Street Corporation which holds 50.77 million shares representing 5.04% and valued at over $114.73 million, while First Trust Advisors LP holds 2.54% of the shares totaling 25.59 million with a market value of $57.83 million.

Lumen Technologies Inc (LUMN) Insider Activity

The most recent transaction is an insider purchase by SIEGEL LAURIE,the company’sDirector. SEC filings show that SIEGEL LAURIE bought 30,000 shares of the company’s common stock on Mar 01 ’24 at a price of $1.60 per share for a total of $47997.0. Following the purchase, the insider now owns 30000.0 shares.

Lumen Technologies Inc disclosed in a document filed with the SEC on Feb 26 ’24 that GLENN T MICHAEL (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $1.47 per share for $73300.0. Following the transaction, the insider now directly holds 0.27 million shares of the LUMN stock.

Still, SEC filings show that on Feb 13 ’24, Fowler James (Director) acquired 33,500 shares at an average price of $1.68 for $56428.0. The insider now directly holds 216,538 shares of Lumen Technologies Inc (LUMN).

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