On November 20, 2023, Lumen Technologies Inc (NYSE: LUMN) opened at $1.33, higher 2.22% from the last session. During the day, the shares moved up to $1.40 and dropped to $1.31 before settling in for the closing price of $1.35. Price fluctuations for LUMN have ranged from $0.78 to $6.09 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 0.93%. Company’s average yearly earnings per share was noted -89.51% at the time writing. With a float of $989.33 million, this company’s outstanding shares have now reached $1.00 billion.
Considering the fact that the conglomerate employs 29000 people, you should pay attention to its efficiency factor. 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 Activity
A key investor’s attitude towards the stock of the Telecom Services industry is another important factor to consider. The insider ownership of Lumen Technologies Inc is 1.94%, while institutional ownership is 67.99%. The most recent insider transaction that took place on Nov 07, was worth 97,916. In this transaction Director of this company bought 70,000 shares at a rate of $1.40, taking the stock ownership to the 153,038 shares. Before that another transaction happened on Nov 03, when Company’s EVP and CFO bought 500,000 for $1.10, making the entire transaction worth $549,450. This insider now owns 500,000 shares in total.
Lumen Technologies Inc (LUMN) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.09 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.06) by -$0.15. 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 -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -89.51% per share during the next fiscal year.
Lumen Technologies Inc (NYSE: LUMN) Trading Performance Indicators
Check out the current performance indicators for Lumen Technologies Inc (LUMN). In the past quarter, the stock posted a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.52, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.05 in one year’s time.
Technical Analysis of Lumen Technologies Inc (LUMN)
Compared to the last year’s volume of 24.56 million, its volume of 12.94 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 81.52%. Additionally, its Average True Range was 0.13.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 38.46%, which indicates a significant decrease from 90.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 201.32% in the past 14 days, which was higher than the 104.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3588, while its 200-day Moving Average is $2.0813. Nevertheless, the first resistance level for the watch stands at $1.4167 in the near term. At $1.4533, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.5067. If the price goes on to break the first support level at $1.3267, it is likely to go to the next support level at $1.2733. Should the price break the second support level, the third support level stands at $1.2367.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
There are currently 1,008,899K shares outstanding in the company with a market cap of 1.39 billion. Presently, the company’s annual sales total 17,478 M according to its annual income of -1,548 M. Last quarter, the company’s sales amounted to 3,641 M and its income totaled -78,000 K.