Lumen Technologies Inc (NYSE: LUMN) on Monday, plunged -2.47% from the previous trading day, before settling in for the closing price of $7.28. Within the past 52 weeks, LUMN’s price has moved between $0.78 and $7.83.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Communication Services sector was -8.97%. The company achieved an average annual earnings per share of -250.93%. With a float of $936.50 million, this company’s outstanding shares have now reached $1.01 billion.
Considering the fact that the conglomerate employs 28000 people, you should pay attention to its efficiency factor.
Lumen Technologies Inc (LUMN) Breakdown of a Key Holders of the stock
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Lumen Technologies Inc is 7.90%, while institutional ownership is 64.92%. The most recent insider transaction that took place on Sep 03 ’24, was worth 46,990. In this transaction Director of this company bought 10,000 shares at a rate of $4.70, taking the stock ownership to the 384,056 shares. Before that another transaction happened on Aug 08 ’24, when Company’s INSIDER proposed sale 374,492 for $6.36, making the entire transaction worth $2,381,769.
Lumen Technologies Inc (LUMN) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.09 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.06) by -0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -250.93% 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 0.90 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 0.53. Likewise, its price to free cash flow for the trailing twelve months is 0.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.10, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.52 in one year’s time.
Technical Analysis of Lumen Technologies Inc (LUMN)
Compared to the last year’s volume of 20.55 million, its volume of 15.8 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 69.70%. Additionally, its Average True Range was 0.51.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 89.36%, which indicates a significant increase from 80.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.63% in the past 14 days, which was lower than the 153.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.14, while its 200-day Moving Average is $2.35. Nevertheless, the first resistance level for the watch stands at $7.30 in the near term. At $7.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.65. If the price goes on to break the first support level at $6.95, it is likely to go to the next support level at $6.80. Now, if the price goes above the second support level, the third support stands at $6.60.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
Market capitalization of the company is 7.22 billion based on 1,015,036K outstanding shares. Right now, sales total 14,557 M and income totals -10,298 M. The company made 3,268 M in profit during its latest quarter, and -49,000 K in sales during its previous quarter.
