On Friday, Lumen Technologies Inc (NYSE: LUMN) opened lower -0.41% from the last session, before settling in for the closing price of $7.37. Price fluctuations for LUMN have ranged from $0.97 to $10.33 over the past 52 weeks.
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A company in the Communication Services sector has dropped its sales by -8.97% annually for the last half of the decade. Company’s average yearly earnings per share was noted -269.04% at the time writing. With a float of $937.02 million, this company’s outstanding shares have now reached $1.01 billion.
In an organization with 28000 employees, it is important to assess its efficiency. 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 65.18%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.08 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.01) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -269.04% 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 0.56. Likewise, its price to free cash flow for the trailing twelve months is 5.74.
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 -0.69 in one year’s time.
Technical Analysis of Lumen Technologies Inc (LUMN)
Let’s dig in a bit further. During the last 5-days, its volume was 11.58 million. That was inferior than the volume of 19.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.59%. Additionally, its Average True Range was 0.55.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 67.71%, which indicates a significant increase from 1.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.81% in the past 14 days, which was lower than the 157.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.24, while its 200-day Moving Average is $3.57. However, in the short run, Lumen Technologies Inc’s stock first resistance to watch stands at $7.48. Second resistance stands at $7.63. The third major resistance level sits at $7.72. If the price goes on to break the first support level at $7.24, it is likely to go to the next support level at $7.15. Assuming the price breaks the second support level, the third support level stands at $7.00.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
There are currently 1,014,812K shares outstanding in the company with a market cap of 7.42 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.
