May 22, 2023, Lumen Technologies Inc. (NYSE: LUMN) trading session started at the price of $2.35, that was -7.23% drop from the session before. During the day, the shares moved up to $2.36 and dropped to $2.16 before settling in for the closing price of $2.35. A 52-week range for LUMN has been $2.06 – $12.54.
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A company in the Communication Services sector has dropped its sales by -0.20% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -180.60%. With a float of $991.92 million, this company’s outstanding shares have now reached $1.00 billion.
In an organization with 30000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +35.60, operating margin of +18.84, and the pretax margin is -5.67.
Lumen Technologies Inc. (LUMN) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Lumen Technologies Inc. stocks. The insider ownership of Lumen Technologies Inc. is 0.10%, while institutional ownership is 80.90%. The most recent insider transaction that took place on Nov 29, was worth 26,700. In this transaction Director of this company bought 5,000 shares at a rate of $5.34, taking the stock ownership to the 340,029 shares. Before that another transaction happened on Nov 11, when Company’s Director bought 5,000 for $6.31, making the entire transaction worth $31,550. This insider now owns 335,029 shares in total.
Lumen Technologies Inc. (LUMN) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 3/30/2023, it has been observed that the corporation posted $0.1 earnings per share (EPS) during the time that was better than consensus figure (set at $0.06) by $0.04. This company achieved a net margin of -8.86 while generating a return on equity of -13.90. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -180.60% per share during the next fiscal year.
Lumen Technologies Inc. (NYSE: LUMN) Trading Performance Indicators
You can see what Lumen Technologies Inc. (LUMN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.14. Likewise, its price to free cash flow for the trailing twelve months is 6.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.66, a number that is poised to hit -0.42 in the next quarter and is forecasted to reach 0.26 in one year’s time.
Technical Analysis of Lumen Technologies Inc. (LUMN)
Let’s dig in a bit further. During the last 5-days, its volume was 20.37 million. That was inferior than the volume of 29.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.37%. Additionally, its Average True Range was 0.17.
During the past 100 days, Lumen Technologies Inc.’s (LUMN) raw stochastic average was set at 3.02%, which indicates a significant decrease from 13.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.36% in the past 14 days, which was higher than the 68.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.41, while its 200-day Moving Average is $5.55. However, in the short run, Lumen Technologies Inc.’s stock first resistance to watch stands at $2.31. Second resistance stands at $2.43. The third major resistance level sits at $2.51. If the price goes on to break the first support level at $2.11, it is likely to go to the next support level at $2.03. Assuming the price breaks the second support level, the third support level stands at $1.91.
Lumen Technologies Inc. (NYSE: LUMN) Key Stats
There are 1,004,326K outstanding shares of the company, which has a market capitalization of 2.34 billion. As of now, sales total 17,478 M while income totals -1,548 M. Its latest quarter income was 3,738 M while its last quarter net income were 511,000 K.
