Lumen Technologies Inc (NYSE: LUMN) on Tuesday, plunged -1.67% from the previous trading day, before settling in for the closing price of $7.78. Within the past 52 weeks, LUMN’s price has moved between $0.97 and $10.33.
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During the last 5-year period, the sales drop of Communication Services Sector giant was -8.97%. The company achieved an average annual earnings per share of -264.91%. With a float of $937.02 million, this company’s outstanding shares have now reached $1.01 billion.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Lumen Technologies Inc is 7.67%, while institutional ownership is 65.18%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -264.91% 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
Lumen Technologies Inc (LUMN) is currently performing well based on its current performance indicators. A quick ratio of 1.11 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 0.58. Likewise, its price to free cash flow for the trailing twelve months is 6.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.17, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.66 in one year’s time.
Technical Analysis of Lumen Technologies Inc (LUMN)
Looking closely at Lumen Technologies Inc (NYSE: LUMN), its last 5-days average volume was 13.03 million, which is a drop from its year-to-date volume of 19.74 million. As of the previous 9 days, the stock’s Stochastic %D was 19.59%. Additionally, its Average True Range was 0.58.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 71.18%, which indicates a significant increase from 10.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.65% in the past 14 days, which was lower than the 156.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.20, while its 200-day Moving Average is $3.51. However, in the short run, Lumen Technologies Inc’s stock first resistance to watch stands at $7.85. Second resistance stands at $8.06. The third major resistance level sits at $8.22. If the price goes on to break the first support level at $7.48, it is likely to go to the next support level at $7.32. Should the price break the second support level, the third support level stands at $7.11.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
Market capitalization of the company is 7.76 billion based on 1,014,812K outstanding shares. Right now, sales total 14,557 M and income totals -10,298 M. The company made 3,221 M in profit during its latest quarter, and -148,000 K in sales during its previous quarter.
