On Monday, Lumen Technologies Inc (NYSE: LUMN) opened lower -4.80% from the last session, before settling in for the closing price of $8.54. Price fluctuations for LUMN have ranged from $0.97 to $10.33 over the past 52 weeks.
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Annual sales at Communication Services sector company slipped by -8.97% over the past five years. Company’s average yearly earnings per share was noted -272.04% at the time writing. With a float of $937.02 million, this company’s outstanding shares have now reached $1.01 billion.
Let’s look at the performance matrix of the company that is accounted for 28000 employees. In terms of profitability, gross margin is 32.49%, operating margin of 3.43%, and the pretax margin is -16.94%.
Lumen Technologies Inc (LUMN) Insider Updates
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 7.67%, while institutional ownership is 65.17%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -272.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.00% during the next five years compared to -45.15% drop over the previous five years of trading.
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 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.61. Likewise, its price to free cash flow for the trailing twelve months is 6.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.17, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.66 in one year’s time.
Technical Analysis of Lumen Technologies Inc (LUMN)
Lumen Technologies Inc (NYSE: LUMN) saw its 5-day average volume 14.02 million, a negative change from its year-to-date volume of 19.9 million. As of the previous 9 days, the stock’s Stochastic %D was 43.87%. Additionally, its Average True Range was 0.62.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 76.50%, which indicates a significant increase from 46.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 103.00% in the past 14 days, which was lower than the 156.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.98, while its 200-day Moving Average is $3.32. Nevertheless, the first resistance level for the watch stands at $8.46 in the near term. At $8.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.96. If the price goes on to break the first support level at $7.95, it is likely to go to the next support level at $7.78. Assuming the price breaks the second support level, the third support level stands at $7.45.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
There are currently 1,014,812K shares outstanding in the company with a market cap of 8.16 billion. Presently, the company’s annual sales total 14,557 M according to its annual income of -10,298 M. Last quarter, the company’s sales amounted to 3,221 M and its income totaled -148,000 K.
