Lumen Technologies Inc (NYSE: LUMN) is 322.95% higher on its value in year-to-date trading and has touched a low of $0.97 and a high of $10.33 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 $8.13 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $7.74, the stock is -0.84% and 10.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.41 million and changing -4.80% at the moment leaves the stock 130.55% off its SMA200. LUMN registered 473.33% gain for a year compared to 6-month gain of 514.29%. The firm has a 50-day simple moving average (SMA 50) of $6.9828 and a 200-day simple moving average (SMA200) of $3.32495.
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The stock witnessed a 17.81% loss in the last 1 month and extending the period to 3 months gives it a 26.26%, and is -16.14% 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 6.53% over the week and 8.26% over the month.
Lumen Technologies Inc (LUMN) has around 28000 employees, a market worth around $7.85B and $13.30B in sales. Profit margin for the company is -16.06%. Distance from 52-week low is 697.81% and -25.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.55%).
with sales reaching $3.2B over the same period.The EPS is expected to shrink by -264.91% this year, but quarterly earnings will post -10.83% year-over-year. Quarterly sales are estimated to shrink -9.00% in year-over-year returns.
Lumen Technologies Inc (LUMN) Top Institutional Holders
642.0 institutions hold shares in Lumen Technologies Inc (LUMN), with institutional investors hold 70.71% of the company’s shares. The shares outstanding are 1.01B, and float is at 937.02M with Short Float at 6.96%. Institutions hold 65.36% 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).
