Lumen Technologies Inc (NYSE: LUMN) on Friday, plunged -4.17% from the previous trading day, before settling in for the closing price of $1.44. Within the past 52 weeks, LUMN’s price has moved between $0.78 and $2.70.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Communication Services sector saw sales slided by -8.97%. The company achieved an average annual earnings per share of -99.30%. With a float of $984.85 million, this company’s outstanding shares have now reached $1.01 billion.
The extent of productivity of a business whose workforce counts for 28000 workers is very important to gauge.
Lumen Technologies Inc (LUMN) Insider and Institutional Ownership
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Lumen Technologies Inc is 2.47%, while institutional ownership is 67.57%. The most recent insider transaction that took place on Mar 01 ’24, was worth 47,997. In this transaction Director of this company bought 30,000 shares at a rate of $1.60, taking the stock ownership to the 30,000 shares. Before that another transaction happened on Feb 26 ’24, when Company’s Director bought 50,000 for $1.47, making the entire transaction worth $73,300. This insider now owns 272,019 shares in total.
Lumen Technologies Inc (LUMN) Latest Financial update
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported $0.08 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.01) by $0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -99.30% per share during the next fiscal year.
Lumen Technologies Inc (NYSE: LUMN) Trading Performance Indicators
Lumen Technologies Inc (LUMN) is currently performing well based on its current performance indicators. A quick ratio of 1.23 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.47, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach -0.09 in one year’s time.
Technical Analysis of Lumen Technologies Inc (LUMN)
The latest stats from [Lumen Technologies Inc, LUMN] show that its last 5-days average volume of 8.37 million was inferior to 13.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 46.22%. Additionally, its Average True Range was 0.11.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 27.95%, which indicates a significant increase from 23.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.53% in the past 14 days, which was lower than the 74.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5486, while its 200-day Moving Average is $1.5595. Now, the first resistance to watch is $1.4100. This is followed by the second major resistance level at $1.4400. The third major resistance level sits at $1.4600. If the price goes on to break the first support level at $1.3600, it is likely to go to the next support level at $1.3400. The third support level lies at $1.3100 if the price breaches the second support level.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
Market capitalization of the company is 1.39 billion based on 1,009,756K outstanding shares. Right now, sales total 14,557 M and income totals -10,298 M. The company made 3,517 M in profit during its latest quarter, and -1,995 M in sales during its previous quarter.
