A new trading day began on Monday, with Lumen Technologies Inc (NYSE: LUMN) stock price down -1.35% from the previous day of trading, before settling in for the closing price of $5.92. LUMN’s price has 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. Meanwhile, its annual earnings per share averaged -269.04%. With a float of $936.86 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Lumen Technologies Inc is 7.68%, while institutional ownership is 65.08%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 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
Here are Lumen Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.45. Likewise, its price to free cash flow for the trailing twelve months is 4.59.
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 -0.70 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 20.58 million. That was better than the volume of 19.33 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.97%. Additionally, its Average True Range was 0.45.
During the past 100 days, Lumen Technologies Inc’s (LUMN) raw stochastic average was set at 42.58%, which indicates a significant increase from 11.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.35% in the past 14 days, which was lower than the 147.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.11, while its 200-day Moving Average is $3.95. However, in the short run, Lumen Technologies Inc’s stock first resistance to watch stands at $5.98. Second resistance stands at $6.11. The third major resistance level sits at $6.26. If the price goes on to break the first support level at $5.70, it is likely to go to the next support level at $5.55. Assuming the price breaks the second support level, the third support level stands at $5.42.
Lumen Technologies Inc (NYSE: LUMN) Key Stats
With a market capitalization of 5.93 billion, the company has a total of 1,014,812K Shares Outstanding. Currently, annual sales are 14,557 M while annual income is -10,298 M. The company’s previous quarter sales were 3,221 M while its latest quarter income was -148,000 K.
