Lumen Technologies Inc (NYSE: LUMN) is -25.68% 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 $1.36 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.36, the stock is -3.92% and -12.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.66 million and changing 0.00% at the moment leaves the stock -11.30% off its SMA200. LUMN registered -39.01% loss for a year compared to 6-month gain of -2.16%.
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The stock witnessed a -15.53% loss in the last 1 month and extending the period to 3 months gives it a -0.73%, and is 2.26% up 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 5.19% over the week and 5.89% over the month.
Lumen Technologies Inc (LUMN) has around 28000 employees, a market worth around $1.37B and $14.56B in sales. Profit margin for the company is -70.74%. Distance from 52-week low is 74.34% and -49.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.37%).
The EPS is expected to shrink by -122.03% this year.
Lumen Technologies Inc (LUMN) Top Institutional Holders
The shares outstanding are 1.01B, and float is at 984.85M with Short Float at 14.62%.
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).
