Lumen Technologies Inc (NYSE: LUMN) is 193.99% higher on its value in year-to-date trading and has touched a low of $0.78 and a high of $7.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LUMN stock was last observed hovering at around $4.71 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $5.38, the stock is -3.72% and 70.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 35.53 million and changing 14.23% at the moment leaves the stock 186.69% off its SMA200. LUMN registered 240.51% gain for a year compared to 6-month gain of 216.47%.
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The stock witnessed a 107.72% loss in the last 1 month and extending the period to 3 months gives it a 326.98%, and is 2.87% 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 11.42% over the week and 16.28% over the month.
Lumen Technologies Inc (LUMN) has around 28000 employees, a market worth around $5.47B and $13.72B in sales. Profit margin for the company is -15.06%. Distance from 52-week low is 589.66% and -31.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.94%).
Lumen Technologies Inc quarterly earnings per share for the current quarter are estimated at -0.08 with sales reaching $3.22B over the same period.The EPS is expected to shrink by -250.93% this year, but quarterly earnings will post -10.90% year-over-year. Quarterly sales are estimated to shrink -10.60% in year-over-year returns.
584.0 institutions hold shares in Lumen Technologies Inc (LUMN), with institutional investors hold 66.78% of the company’s shares. The shares outstanding are 1.01B, and float is at 990.43M with Short Float at 7.90%. Institutions hold 65.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 148.83 million shares valued at $163.72 million. The investor’s holdings represent 15.1122 of the LUMN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 118.12 million shares valued at $129.93 million to account for 11.9933 of the shares outstanding. The other top investors are STATE STREET CORP which holds 50.58 million shares representing 5.1361 and valued at over $55.64 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.2551 of the shares totaling 32.06 million with a market value of $35.26 million.
Lumen Technologies Inc (LUMN) Insider Activity
The most recent transaction is an insider purchase by Fowler James, the company’s Director. SEC filings show that Fowler James bought 10,000 shares of the company’s common stock on Sep 03 ’24 at a price of $4.70 per share for a total of $46990.0. Following the purchase, the insider now owns 0.38 million shares.
Still, SEC filings show that on Aug 08 ’24, GOFF STACEY W (Officer) Proposed Sale 71,025 shares at an average price of $6.36 for $0.45 million. The insider now directly holds shares of Lumen Technologies Inc (LUMN).
