Lumen Technologies Inc (LUMN) Stock: A Closer Look

Currently, Lumen Technologies Inc [LUMN] is trading at $1.52, up 1.33%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LUMN shares have gain 16.92% over the last week, with a monthly amount drifted -10.59%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Lumen Technologies Inc [NYSE: LUMN] stock has seen the most recent analyst activity on June 06, 2023, when Raymond James upgraded its rating to a Mkt Perform.

This stock has fluctuated between a low of $0.78 and a high of $4.15 over the last 52 weeks. Lumen Technologies Inc [NYSE: LUMN] shares were valued at $1.52 at the most recent close of the market.

Analyzing the LUMN fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4637 points at the first support level, and at 1.4073 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5632, and for the 2nd resistance point, it is at 1.6063.

Lumen Technologies Inc [LUMN] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.09 and a surprise factor of 900.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.09 per share as compared to estimates of $0.06 per share, a difference of -$0.15 representing a surprise of -250.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Lumen Technologies Inc [NYSE:LUMN] is 1.35.

Transactions by insiders

Recent insider trading involved Fowler James, Director, that happened on Nov 07 when 70000.0 shares were purchased. EVP and CFO, Stansbury Christopher completed a deal on Nov 03 to buy 0.5 million shares. Meanwhile, President & CEO Johnson Kathleen E bought 1.0 million shares on Nov 02.

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